For the fifth consecutive year, The Hartford has been recognized by the Carbon Disclosure Project (CDP) for its approach to the disclosure of climate change. The CDP, which represents 655 institutional investors with $78 trillion in assets, is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information.
“The Hartford is honored to be included in the CDP’s Carbon Disclosure Leadership Index for the fifth year in a row," said Alan Kreczko, executive vice president, general counsel and chair of The Hartford's Environment Committee. “Recognition like this energizes us to find additional ways to contribute to a more sustainable future. We are continually evaluating the risks and opportunities presented by climate change, assessing the company’s approach and integrating environmental practices into our businesses, whether it is the management of our facilities, the way we conduct operations or the products offered by our businesses.”
The index, compiled by PwC on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. In 2012 it comprises 53 companies from the S&P 500 based on analysis of the responses to CDP’s questionnaire which focused on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change.
“Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use,” said Paul Simpson, chief executive officer of CDP. “They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities.”The S&P 500 report, including names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net. The Hartford is committed to understanding, managing and mitigating the risks associated with global climate change and views environmental stewardship as a priority. The company established an Environment Committee in 2007, which is chaired by the company’s general counsel and overseen by the executive leadership team. Since the establishment of the committee, The Hartford has continued to see results. For example, in 2010, the company met its first target of reducing GHG emissions by 15 percent using 2007 as a base year. In 2011, it reduced its GHG emissions by an additional 7 percent.