Hess Corporation Recognized by CDP as S&P 500 Leader for Climate Change Transparency
Hess Corporation (NYSE:HES) has been recognized by CDP, an environmental not-for-profit organization, as a leader among S&P 500 companies for the depth and quality of climate change data it discloses to investors and the global marketplace. On the 2014 Climate Disclosure Leadership Index (CDLI), which the CDP announced yesterday, Hess is one of only 14 companies across all sectors to receive a score of 100 and the only energy producer to be awarded a position on the CDLI.
This is the sixth consecutive year that Hess has earned a position on the CDLI. Sixty-three S&P 500 companies are featured in the 2014 CDLI, which can be found at: www.cdp.net.
Hess provided information at the request of 767 investors, representing more than $92 trillion in assets, through CDP’s climate change program, which facilitates corporate management and reporting of greenhouse gas emissions and climate-related risks and opportunities. CDP disclosure scores are provided to investors and other decision makers to help them assess corporate preparedness for changing market demands and emissions regulation. Company disclosures to CDP are scored on a scale of 100 for completeness and data quality, and companies in the top 10 percent for disclosure scores are awarded a position on the CDLI. This year, the S&P 500 CDLI features companies that earned a score of 97 or higher.
“We are unwavering in our commitment to being a trusted energy partner that helps meet the world’s growing energy needs in a safe, environmentally responsible, socially sensitive and profitable way,” said Hess CEO John B. Hess. “We are proud of our progress and dedicated to building a sustainable enterprise that will make a positive difference for our stakeholders and the world around us.”
Earlier this month, the company earned a place on the Dow Jones North America Sustainability Index for the fifth straight year, putting it among the top 10 U.S. and Canadian oil and gas companies for sustainability leadership. Companies were selected for that index based on a comprehensive assessment of material long-term economic, environmental and social factors. Hess has also been recognized as a leader in sustainability among energy producers by Corporate Responsibility Magazine’s 100 Best Corporate Citizens list for 2014 and Newsweek’s 2014 Green Rankings.
Source: Hess Corporation