Vattenfall recognized for taking a leading position on climate change
For the second year in a row Vattenfall, European energy company, gets the highest score, “A”, for its climate efforts. It is the non-profit organization on environmental transparency Carbon Disclosure Project (CDP), that has rated Vattenfall. More than 9,600 companies have been assessed worldwide and there were only 3 percent, or 270 companies, receiving the highest score.
Vattenfall is recognized for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data submitted by the company through CDP’s 2020 climate change questionnaire. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency.
“I am very proud that Vattenfall is rated as a global leader for our climate efforts. To be on the CDP A-list reflects that we deliver on our ambition to enable fossil free living within one generation. And we don’t stop here since we are continuously increasing our own climate ambitions as well as supporting our customers and partners with their decarbonization in line with climate science”
Anna Borg, President and CEO, Vattenfall
A detailed and independent methodology is used by CDP to assess all the companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
“We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today””.
Paul Simpson, CEO at CDP
“Being on the A-list of CDP shows that we are a market leader when it comes to climate and environment. Being fully transparent with all climate related information is important for us and we are also reporting according to Task Force for Climate-related Financial Disclosures (TCFD) regarding climate-related financial information. This sends a clear signal to our stakeholders that we deliver on our ambitions,” says Helle Herk-Hansen, Vice President of Environment, Vattenfall.
