Posted on 05 Oct 11
For the fourth consecutive year, the Carbon Disclosure Project (CDP) has recognized The Hartford for its approach to corporate governance for climate change reporting practices.
"We are delighted to be recognized by the Carbon Disclosure Project," said Alan Kreczko, general counsel, executive vice president and chair of The Hartford's Environment Committee. "Our company has made a firm commitment to environmental stewardship. We believe our ongoing efforts will contribute to a more sustainable future."
The CDP's Carbon Disclosure Leadership Index highlights companies within the S&P 500 Index and provides an evaluation tool for institutional investors and other stakeholders.
The 2011 index, compiled by PwC on behalf of CDP, includes 55 companies that demonstrate leading practices in evaluating greenhouse gas emissions, emissions reduction targets and risks, and opportunities associated with climate change.
"Companies that make the Carbon Disclosure Leadership Index have demonstrated good internal data management practices for understanding greenhouse gas emissions," said Paul Simpson, chief executive officer of the Carbon Disclosure Project.
"They have shown a strong awareness of the business issues related to climate change including climate-related risks and opportunities. Those organizations that give clear consideration to measuring and reporting on climate change issues will be best placed to capitalize on the opportunities from managing them."
The Hartford has insured renewable energy risks, including solar, wind and geothermal, for more than 20 years. Recently, The Hartford enhanced its homeowner's insurance products with several new green features, including incentives for making eco-friendly home upgrades and insurance coverage for home-based electric vehicle charging stations. The company offers auto policyholders a premium discount when insuring hybrid vehicles. The company also recently installed electric vehicle charging stations on all of its Connecticut campuses and entered into partnerships with the Sierra Club and National Wildlife Federation.
The S&P 500 report, including names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net.