National Grid Makes “A” List by Carbon Disclosure Project
WALTHAM, Mass., October 27, 2016 /3BL Media/—This week National Grid was one of 193 businesses worldwide recognized for its work to fight climate change by the Carbon Disclosure Project (CDP)—making the Climate “A” List.
“We’re so proud to be recognized as a leader in this space,” said Dean Seavers, president of National Grid US and author of The Democratization of Energy. “Solving for climate change while serving the energy needs of our customers and communities is our call-to-action every day.”
The Climate “A” List is published by the international, not-for-profit CDP and names businesses across the world for their work. Thousands of companies submit annual climate disclosures to CDP which are independently assessed using its scoring methodology. National Grid is among 9% of corporations participating in CDP’s climate change program to be awarded a position on the list, in recognition of its actions to reduce emissions and mitigate climate change in the last reporting year.
National Grid’s environmental sustainability strategy, called Our Contribution, identifies Climate Positive as a key theme for the business and has set a target to reduce our greenhouse gas (GHG) emissions by 45% by 2020 and 80% by 2050. To date, National Grid has met its 2020 target, having made a 63% reduction against its 1990 baseline.
The Climate A List is released in CDP’s Out of the starting blocks: Tracking progress on corporate climate action report. This establishes the baseline for corporate climate action, reveals that global corporations have started the transition to a low-carbon economy and some are already capitalizing on the opportunities this presents. Companies’ progress on reducing emissions in-line with the goals of the Paris Agreement will be tracked against this baseline in future annual reports.
CDP’s Chief Executive Officer Paul Simpson says: “We congratulate the 193 A List companies that are leading the charge towards our low carbon future. Companies are key actors in enabling the global economy to achieve its new climate goals, and the leadership of this group points the way for others to take bold action and capitalize on the many opportunities that await.”
The full list, along with the climate scores of all companies publicly taking part in CDP’s climate change program this year, is available at www.cdp.net
About National Grid
National Grid (LSE: NG; NYSE: NGG) is an electricity and natural gas delivery company that connects nearly 7 million customers to vital energy sources through its networks in New York, Massachusetts and Rhode Island. It is the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain.
Through its U.S. Connect21 strategy, National Grid is transforming its electricity and natural gas networks to support the 21st century digital economy with smarter, cleaner, and more resilient energy solutions. Connect21 is vital to our communities' long-term economic and environmental health and aligns with regulatory initiatives in New York (REV: Reforming the Energy Vision) and Massachusetts (Grid Modernization).
National Grid has ranked #1 as greenest utility in the world for two years running in Newsweek's Top Green Companies in the World 2015, ranking 29th overall last year.
For more information please visit our website: www.nationalgridus.com, or our Connecting website. You can also follow us on Twitter, watch us on You Tube, like us on Facebook and find our photos on Instagram.