Eaton Achieves CDP Leadership Position for Global Climate Change Transparency, Including First Place in the Industrials Sector

Date: 2013/10/29

CLEVELAND … Power management company Eaton today announced it has been ranked a global leader by CDP and named to the Climate Disclosure Leadership Index. Eaton’s position in the index ranked it first among its global competitors in the industrials sector.

“Eaton’s achievement in the CDP ratings is a clear indication of the progress we are making to reduce greenhouse gas emissions, effectively manage energy, and publicly disclose our successes and challenges,” said Harold Jones, senior vice president of Environment, Health and Safety. “Eaton’s CDP performance is also good for business, demonstrating our commitment as a power management company to help customers reduce their carbon footprint through our sustainable products and services.”

Eaton operations around the world adhere to one set of standards, such as carbon emissions, energy and water consumption and waste treatment, and are dedicated to helping customers achieve LEED certification with the company’s energy-efficient products and technologies.

“Companies that score highly enough to be included in the CDLI are responding to the call for greater corporate climate accountability,” said Paul Simpson, chief executive officer of CDP.  “They have demonstrated leading practice for the measurement of greenhouse gas emissions and energy use and transparency of their climate change strategy.”

Eaton achieved its position with a perfect score of 100 in CDP’s Global 500 Climate Disclosure Leadership Index (CDLI). This annual index features only the top 10 percent of companies on the FTSE Global Equity Index Series (Global 500) that have displayed a strong approach to the disclosure of climate change information. Eaton also achieved a grade of A- in the CDP Performance Index, which demonstrates that the company is measuring, verifying and managing its carbon footprint at an extremely high level of performance.

Other sectors that CDP ranked were consumer discretionary, consumer staples, energy, financials, healthcare, information technology and materials.

Eaton has also earned several other important distinctions for its commitment to sustainability, including a ranking as one of the world’s top sustainability performers in the Nasdaq OMX CRD Global Sustainability 100 Index, and being ranked fourth on Corporate Responsibility magazine’s100 Best Corporate Citizens.

CDP, formerly known as the Carbon Disclosure Project is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information.  CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them.  CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions.