Boeing Recognized for Leadership in Climate Change Disclosure
Boeing achieves high marks for environmental transparency, earns designation for fourth year
SEATTLE, Sept. 26, 2013 /3BL Media/ -- Boeing [NYSE: BA] has been named one of the world's leading companies in taking actions to improve environmental performance and reporting climate-change strategy by the CDP, formally known as the Carbon Disclosure Project.
Boeing is one of 53 companies on the 2013 list of CDP's Standard & Poor's 500 Climate Disclosure Leadership Index. This is the fourth time Boeing has been named to this list by the international, non-profit environmental organization.
"Year-over-year, we have made measurable environmental improvements through the actions of our innovative and engaged employees," said Kim Smith, Boeing vice president, Environment, Health and Safety. "It's great to see this progress reflected in our score. Being a part of the leadership index for the fourth year is an acknowledgment of our continued commitment and demonstrated performance."
Earlier this year, Boeing announced it surpassed its first set of environmental targets – reducing its carbon dioxide emissions by 9 percent, energy consumption by 3 percent, hazardous-waste generation by 18 percent and water intake by 2 percent, from 2007 to 2012. During this same time, Boeing increased production by 50 percent. With tremendous growth on the horizon, Boeing has also set new environmental targets, including carbon-neutral growth over the next five years.
The CDP leadership index, which is compiled by PwC, highlights companies that have displayed a comprehensive strategy and performance regarding climate change. Companies are scored out of 100 on the completeness and quality of their submissions, and only those with a score in the top 10 percent are included. High scores in the leadership index indicate the provision of robust greenhouse gas accounting, footprint reduction, and a good understanding of issues related to climate change affecting the company.
"U.S. companies that score highly enough to be included in the Climate Disclosure Leadership Index are responding to the call for greater corporate climate accountability," said Paul Simpson, CDP chief executive officer. "They have demonstrated leading practice on the measurement of greenhouse gas emissions and energy use, and transparency of their climate change strategy."
The S&P 500 report can be found at www.cdp.net. More information regarding Boeing's ongoing commitment to environmental stewardship is available at www.boeing.com/environment.
