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Molson Coors Recognized For Climate Disclosure Transparency

Stocks in this article: TAP

Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) has been recognized as a leader for the transparency and quality of climate change data it has submitted to the global marketplace through CDP, the world’s only global environmental disclosure system. The achievement is announced today in the CDP S&P 500 Climate Change Report 2013, which tracks how America’s largest listed companies are acting in response to a changing climate.

CDP’s climate disclosure program is sponsored by 722 investors representing $87 trillion in assets. Through various channels, including Bloomberg terminals, CDP Climate Disclosure scores are communicated to investors and other decision makers to assess corporate preparedness for changing market demands and emissions regulation.

"We’re proud to be included in the Climate Disclosure Leadership Index, which underscores the priority we place on driving sustainability and letting our shareholders and stakeholders know how we’re doing,” said Peter Swinburn, Molson Coors president and chief executive officer. “We describe our impact on people, communities and the environment as ‘ Our Beer Print’. Increasingly, we realize the importance our positive Beer Print matters to our retail customers and brand consumers.”

Molson Coors Chief Supply Chain Officer, Celso White, added, “Recognition by CDP validates our strategy to build Our Beer Print into our entire supply chain, ensuring that we drive savings that will make the business more sustainable, competitive and less exposed to climate-related risks.”

Paul Simpson, CEO of CDP, comments, “US Companies that score highly enough to be included in the Climate Disclosure Leadership Index are responding to the call for greater corporate climate accountability. They have demonstrated leading practice on the measurement of greenhouse gas emissions and energy use, and transparency of their climate change strategy.”

Tom Carnac, President of CDP North America, said, “As we face increasing impacts from climate change, we are seeing the data companies disclose to CDP being used at every stage in investment decision making to identify environmental risks, as well as which companies may be taking best advantage of environmental opportunities. I congratulate the US companies featured on the S&P 500 CDLI: they have demonstrated their ability to provide superior transparency to their stakeholders, a critical aspect of doing business today.”

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