September 29, 2010
Exelon Recognized for Sustainability and Environmental Leadership
Electric utility named to Carbon Disclosure Leadership Index and Dow Jones Sustainability North America Index
CHICAGO – In recognition of Exelon’s leadership in corporate sustainability and environmentally sound business practices, the Carbon Disclosure Project (CDP) has named it to the 2010 Carbon Disclosure Leadership Index. In addition, Exelon recently was included in the Dow Jones Sustainability North America Index for the fifth consecutive year.
“We are honored to again have our sustainability efforts recognized by these independent experts,” said Exelon Chairman and CEO John W. Rowe. “We will continue our commitment to reduce our carbon footprint and embrace corporate sustainability through initiatives such as Exelon 2020 and by advocating for national regulations and policies that support the transition to a cleaner energy future.”
The cornerstone of Exelon’s business strategy, Exelon 2020 is a plan to reduce, offset or displace more than 15 million metric tons of greenhouse gas emissions per year by 2020. This is greater than the company’s 2001 annual carbon footprint and equivalent to taking nearly 3 million cars off the road. Last year, Exelon announced that it had reduced, displaced or offset its greenhouse gas emissions by more than 35 percent since 2001.
The CDP collects data from more than 2,500 major corporations on their greenhouse gas emissions and climate change strategies. Exelon received a score of 90, making it one of the highest-ranked utilities and one of the top 10 scorers among S&P 500 companies named to the index. The company was recognized in four leadership categories for its reporting on greenhouse gas emissions and its actions to reduce emissions.
“The Carbon Disclosure Leadership Index recognizes companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use,” said Paul Dickinson, chief executive of the CDP. “Companies that make this index have also demonstrated clear consideration of how climate change impacts their business. As companies’ understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks.”
For the Dow Jones Sustainability North America Index, Exelon achieved an overall sustainability performance score of 70 percent, compared to the average score of 52 percent. The Index includes the top 20 percent of companies in each sector, in terms of sustainability. They are selected from the 600 largest North American companies according to a systematic assessment that identifies the leading sustainability-driven companies. The annual review is based on a thorough analysis of economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices.
Exelon Corporation is one of the nation’s largest electric utilities with more than $17 billion in annual revenues. The company has one of the industry’s largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 486,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 534 institutional investors, with combined assets under management in excess of $64 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making. For more information visit www.cdproject.net
Dow Jones Indexes is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index ServicesLLC, a joint venture company which is owned 90 percent by CME Group Inc. and 10 percent by Dow Jones & Company, Inc., a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV).
SAM is an investment boutique focused exclusively on Sustainability Investing. The firm’s offering comprises asset management, indexes and private equity. Its asset management capabilities include a range of single-theme, multi-theme and core sustainability investment strategies catering to institutional asset owners and financial intermediaries in Europe, the United States, Asia-Pacific and the Middle East. Through its index activities, SAM has partnered with Dow Jones Indexes for the publication and licensing of the globally recognized Dow Jones Sustainability Indexes (DJSI) as well as customized sustainability benchmarks. Furthermore, SAM is the center of expertise for clean tech private equity within Robeco. Based on its Corporate Sustainability Assessment, SAM has compiled one of the world’s largest sustainability databases and analyzes over 2,000 listed companies annually. SAM’s proprietary research and sustainability data are fully integrated into its offering. SAM was founded in 1995, is headquartered in Zurich and employs over 100 professionals. As of June 30, 2010, SAM’s total assets amount to USD 13.7 billion.