NORDEN’s score has improved significantly in the independent British non-profit organisation Carbon Disclosure Project’s yearly and latest assessment of climate change disclosure practises.
Scoring 90 points versus 82 in 2011, NORDEN is now ranked 7 (in 2011: 17) in the 2012 Carbon Disclosure Leadership Index and is, also this year, the only shipping company in the NORDIC Top 10, which counts companies from Sweden, Finland, Norway and Denmark. The index is a key component of the annual report from the Carbon Disclosure Project (CDP).
Every year since 2008, NORDEN has reported in detail to CDP on our efforts in regard to climate changes – NORDEN’s 2012 CDP report is 50 pages long. With CDP as a communicator, NORDEN puts its environmental reporting at the free and unlimited disposal of more than 655 institutional investors worldwide who are backed by total funds of more than USD 78 trillion – 78,000 billion! – and who use CDP as a source when assessing companies with investment potential. Around 3,000 companies from approximately 60 countries report to CDP.
Commenting on the 2012 ranking, Ulla E. Nielsen, Director CSR, NORDEN, says:
“We are happy with this Top 10 ranking. Each year, we invest a lot of resources into further improving our reporting practise. The ranking from Carbon Disclosure Project shows that these efforts are also noted by external stakeholders and thus worth investing in. In addition, we are happy that our ranking in terms of our reporting practise is also supported by a top ranking in the CDP Performance Band where NORDEN is ranked B on a scale going from A to E.”
Paul Simpson, CEO, Carbon Disclosure Project, says:
“Enabling better decisions by providing investors, companies and governments with high quality information on how companies are managing their response to climate change and mitigating the risks from natural resource constraints has never been more important. CDP has pioneered the only global system that collects information about corporate behavior on climate change and water scarcity, on behalf of market forces, including shareholders and purchasing corporations.”
NORDEN, October 25, 2012