21st Century Fox Receives Perfect Score for Climate Change Disclosure in 2015 CDP Report
21st Century Fox Social Impact
The environmental not-for-profit CDP has commended 21st Century Fox for the transparency and thoroughness of its corporate sustainability program, awarding the company a perfect score of 100 in its latest report. CDP assesses the depth and quality of the climate change related information that companies disclose to investors and the global market place, and the organization's new report ranks 21st Century Fox among the top 10% of S&P 500 companies, placing it on the Climate Disclosure Leadership Index. This is the seventh consecutive year that the company has earned a spot on the CDLI.
CDP is the world's largest clearinghouse for companies' carbon footprint data and environmental management strategies, as more than 5,500 of the world's largest companies, including 67% of the S&P 500, report this information to CDP annually. These 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.
The Climate 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 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. 2015 marks 21st Century Fox's seventh straight year on the CDLI, a track record surpassed by only two companies. The company received a disclosure score of 100 and a "B" in the performance band.
Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
Paul Dickinson, executive chairman and co-founder of CDP says, "As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason, we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index."
21st Century Fox has disclosed its emissions and carbon reduction strategy with CDP since the launch of its corporate sustainability program in 2007. CDP works with 822 institutional investors representing nearly $95 trillion in assets.
Learn more about 21st Century Fox's commitments to sustainability at impact.21CF.com.
