Premier Carbon Performance
31 October 2013
Costain has joined the Climate Performance Leadership Index (CPLI) as one of the best performing companies in the Carbon Disclosure Project’s annual FTSE 350 climate change report.
Costain achieved an impressive score of 84 A, highlighting the positive impact the company has made in measuring and driving down its greenhouse gas emissions. It is also the only FTSE Small-Cap Company to achieve band ‘A’ status this year and only the second small-cap company to achieve an ‘A’ band rating since the ratings were introduced in 2009.
The Carbon Disclosure Project is an international, not-for-profit organization which provides the only global system for companies and cities to measure, disclose, manage and share vital environmental information. Companies with a top score qualify to be listed in the Climate Disclosure Leadership Index (CDLI) based on their sample group, which is determined by market capitalization.
Gaining entry into the CPLI with a band ‘A’ rating indicates that Costain has excelled in its overall performance and represents a significant step up from the band ‘C’ rating it achieved in 2012.
The disclosure score, which is normalised to a 100-point scale, reflects how comprehensive a company’s responses are within its CDP submission. A score of 70+ indicates the company has a strong understanding of its exposure to climate-related risks and opportunities, as well as an ability to measure and manage the company’s carbon footprint.
Claire Baker, Costain’s Sustainability Solutions Manager and one of the people responsible for driving a reduction in Costain’s carbon footprint, attributed the positive result to a number of actions the Company has implemented in recent years.
The initiatives include the launch of the inaugural Energy Awareness Week and efficient management of Costain’s fleet. The Company also gained certification from the Certified Emissions Measurement and Reduction Scheme (CEMARS), which demonstrated that Costain accurately measures its greenhouse gas emissions in accordance with ISO 14064-1:2006.
Costain has also established the Climate Change Group to coordinate the Company’s approach to climate change. The Group, which is made up of advocates from across the business, aims to demonstrate clear, visible leadership and ensure that the Company is managing its impact and maximising potential opportunities by providing low carbon solutions to its customers.
Peter Fisher, Costain’s Safety, Health and Environment Director, said: “This is a fantastic achievement by everyone concerned. To gain entry into the CPLI and to achieve such a large increase on our previous years’ score serves to underline the commitment and hard work of our dedicated team to raise awareness of climate change issues within the organisation and to implement schemes which aid in the reduction of our carbon footprint.”
For more information about Costain’s Climate Change Strategy, please click on the following link: