Carbon Disclosure Project (CDP) includes Aurubis on its Climate A List
Hamburg | Tuesday, October 25, 2016
On Tuesday evening in Munich, the investor initiative “Carbon Disclosure Project” (CDP) will add Aurubis AG to the Climate Performance Leadership Index with a score of A-. Aurubis has thus achieved the status “Index Leader MDAX” in the 2016 CDP climate reporting and is one of seven leading MDAX companies this year. The copper group therefore improved compared to its first time participating last year, when the company was awarded Best Newcomer Germany.
Aurubis is pleased about the very good result and the improvement over the previous year. It shows us that we have continued to handle the issues of CO2 reduction, energy efficiency and resource efficiency successfully, gaining recognition from others in the process. However, we are aware that this positive development can only continue if future regulatory conditions enable long-term planning and investment security for companies that compete internationally. Due to the large number of measures that have already been implemented, it is becoming more and more difficult to achieve significant additional progress. Furthermore, Aurubis is reaching its process-related limits when it comes to increases in efficiency,
explained Jürgen Schachler, Chief Executive Officer of Aurubis AG.
“As an Index Leader, a company shows a high degree of transparency in connection with its concrete climate protection achievements, such as goals, emission reductions, measures and/or the verification of the reported data in comparison to other companies from the Index,” stated Susan Dreyer, Director DACH Region, CDP.
The Index thus demonstrates the achievements of the companies in relation to steps initiated to adjust to or counteract climate change and reflects actions taken to increase the validity of the data. CDP Climate Scores are given on a scale from A to F (A, A-, B, B-, C, C-, D, D-, F).
The Aurubis Sustainability Strategy and its targets and measures, the open approach to risks and opportunities related to climate change, Aurubis’ business activities and its information on the company’s CO2 emissions contributed to the good score. Aurubis reports on the emissions produced due to burning fuels in its own facilities (Scope 1), emissions that are connected to purchased energy, such as electricity (Scope 2), and the estimated emissions from services provided by third parties and purchased preliminary services (Scope 3).
The Carbon Disclosure Project (CDP) was established in London in 2000 and, according to the CDP itself, is the largest organization with the goal of promoting climate protection in organizations worldwide. On behalf of its members, the CDP surveys thousands of the largest exchange-listed companies on their emissions and climate protection strategies annually. A good performance is important from investors’ perspective in particular, as the project is supported by more than 800 institutional investors that manage assets of more than US$ 100 trillion. Some of these investors are already key for Aurubis. The strategic partners of the CDP in Germany are the environmental organization WWF and the auditing firm KPMG. However, initiatives that survey companies about risks and opportunities related to the climate as well as about CO2 reduction potential are also becoming increasingly important on the customer side for establishing and maintaining business relationships.