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Sprint Named Sector Leader In CDP S&P 500 Climate Change Report

Stocks in this article: S

For the second year in a row, Sprint (NYSE: S) is recognized in the CDP S&P 500 Climate Change Report 2013, which tracks how America’s largest listed companies are responding to climate change. Sprint was the only telecommunications company named to CDP’s S&P 500 Climate Performance Leadership Index (CPLI), which highlights companies that demonstrate strategies committed to improving their impact on the environment.

CDP – the world’s only global environmental disclosure system – also gave Sprint the highest score in the Telecommunications Services sector for Carbon Disclosure. Sprint was the only telecommunications company listed on both the CPLI and Carbon Disclosure Leadership Index (CDLI); the carrier also excelled in scope 3 emissions disclosure, one of less than 20 companies across all industries to disclose emissions from 8 or more Scope 3 categories.

“Sprint is proud to be recognized as one of the top U.S. companies in both carbon disclosure and performance,” said Amy Hargroves, Sprint director of corporate responsibility and sustainability. “Our commitments to reduce our carbon footprint and increase our use of renewable energy are not only good for the environment, but good business. Our carbon reduction efforts alone will save Sprint an estimated $80M a year by 2017. We hope that our success can serve as a model, inspiring others to harvest the business and environmental benefits that carbon reduction offer.”

Sprint took part in CDP’s annual investor disclosure, which came at the request of 722 investors representing $87 trillion in assets. The program was designed to increase awareness of how to achieve efficiencies, realize monetary savings and capitalize on commercial opportunities from the management of energy, carbon emissions and climate change. Thirty-six S&P companies are recognized in the 2013 CPLI. Through various channels, including Bloomberg terminals, company performance is communicated to investors and other decision-makers who need to assess corporate preparedness for changing market demands and emissions regulation.

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