CDP recognises Fiat S.p.A. for combating climate change
Following its recent reconfirmation in the Dow Jones Sustainability Index World and Europe, Fiat S.p.A. - which in 2011 was recognised among the global leaders for its commitment and results in combating climate change - has been admitted to the Carbon Disclosure Leadership Index (CDLI) and the Carbon Performance Leadership Index (CDLI) according to the Carbon Disclosure Project (CDP) Italy 100 Climate Change Report 2012 published by Accenture S.p.A and CDP.
Fiat received the highest score for transparency in disclosure (95/100) and the maximum score ("A") for its commitment toward reducing carbon emissions. Both scores confirm that reducing the environmental impact of its activities is an integral part of Fiat's overall business strategy. Further demonstrations of that commitment during 2011 include Fiat being recognised, for the fifth consecutive year, for its cars having the lowest average level of CO2 emissions among the best selling brands in Europe, as well as the assembly and stamping plants for the group's mass-market brands achieving a 10% reduction in CO2 emissions per vehicle produced compared to 2010.
Commitment to reduce emissions
The CDLI includes companies from among the largest 100 in the FTSE Italia All-Share that demonstrate the greatest transparency in their disclosure to stakeholders of strategies and actions taken to combat climate change. A high score indicates good understanding and management of company-specific issues related to climate change. The CPLI, on the other hand, includes companies that have demonstrated the greatest commitment in reducing carbon emissions.
Based on the analysis of responses to the CDP 2012 questionnaire, this year ten companies were included in the CDLI Italy 100 and three in the CPLI Italy 100. Both indexes - compiled by Istituto Italiano del Marchio di Qualità, the leading Italian certification agency and a European leader in conformity assessment - provide an evaluation tool for institutional investors and other stakeholders.
The CDP is an international non-profit organisation that provides the only global system for companies and cities to measure, disclose, manage and share essential environmental information. CDP operates on behalf of 655 institutional investors holding US$78 trillion in assets. In 2012, more than 4 000 organisations worldwide reported their carbon emissions, together with climate-related risks and opportunities, through the CDP.