Ericsson has been recognized as a world leader for corporate action on climate change by the Carbon Disclosure Project (CDP), a non-governmental organization which provides the only global system for companies and cities to measure, disclose, manage and share vital environmental information.
The Carbon Disclosure Project (CDP) recognises firms that are measuring, managing and disclosing environmental impact information to reduce carbon emissions and mitigate the business risks of climate change.
In a statement, Paul Simpson, chief executive officer of CDP said, “Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not mitigate them. The business case for action to mitigate climate change has never been stronger or more urgent. For this reason we congratulate Ericsson that has achieved a position on The A List: The CDP Climate Performance Leadership Index. Ericsson is responding to market demand for environmental accountability and at the same time is making progress towards the realization of sustainable economies.”
CDP works with 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and take action to reduce them. CDP publishes an annual Climate Performance Leadership Index.
Elaine Weidman, Vice President, Sustainability and Corporate Responsibility at Ericsson, says: “Ericsson’s inclusion on the CDP A List is further recognition of our long-term work on climate change and our commitment to the life cycle approach that determines the environmental impact of our business and enables us to find innovative ways to minimize and offset it.”