21st Century Fox Businesses Score High on CDP Ranking
For the 2012 fiscal year, 21st Century Fox businesses, formerly part of News Corporation, have been commended by CDP--an independent not-for-profit organization--for the transparency and thoroughness of their corporate sustainability program. The company ranks in the top 8% of all companies in the S&P 500 and among the top 10% of all companies in the Global 500, placing it on the "Carbon Disclosure Leadership Index." The former News Corp. is the highest ranking media company in both groups, and this is the fifth consecutive year that the company has placed on the CDLI.
CDP is a voluntary reporting system that assesses the greenhouse gas emissions management and public disclosure activities of companies around the world. Participating companies complete an annual questionnaire that addresses total energy use and carbon emissions across their operations, as well as strategy and governance in assessing and managing risks and opportunities from climate change. 68% of S&P 500 companies and 81% of Global 500 companies participated this year.
The Carbon Disclosure Leadership Index (CDLI) scores companies' performances on a scale of 0 to 100, based on the level of disclosure of carbon emissions measurement techniques and subsequent public disclosure. The Carbon Performance Band grades companies' overall response to climate change. Companies are classified in Bands A through D, with "A" being the best overall grade and "D" being the worst. For 2013, the former News Corporation received a score of 97 on the CDLI and a Carbon Performance Band grade of A-.
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."
The company has disclosed its emissions and carbon reduction strategy with CDP since the launch of the Global Energy Initiative in 2007. The complete S&P 500 and Global 500 reports can be found at CDProject.net.