New Orleans, La. – In a report
released today, the Carbon Disclosure Project honored Entergy Corporation as
“Best in Class” in its approach to climate change disclosure. This marks the
fourth consecutive time Entergy has been recognized by the CDP, which
encompasses over 315 global investors with more than $41 trillion in assets.
The CDP report is a survey of
responses from the “Financial Times 500” corporations on the issue of climate
change. In the report, Entergy was included in the “Climate Disclosure
Leadership Index,” a prestigious honor roll for global corporations addressing
the challenges of climate change. The Climate Disclosure Leadership Index is
comprised of 68 companies that show distinction in their responses to the CDP
survey based on each company’s reporting of greenhouse gas emissions, and an
independent assessment of their climate change strategies.
“It is an honor to receive such a
high level of commendation from an organization dedicated to encouraging honest,
open communication with investors on the challenges and opportunities we
anticipate in a carbon constrained economy,” said J. Wayne Leonard, chairman and
chief executive officer of Entergy Corporation. “Climate change is the defining
issue of our generation. At Entergy, we’ve concluded that the costs of reducing
our impact on the global climate are far lower than the costs of picking up the
pieces after a climate-related natural disaster. This is not merely a business
decision; it is our corporate social responsibility to do what is right for
All candidates for the index were
assessed relative to their peers and judged based on which companies have the
most comprehensive climate change disclosure practices. CDP used a proprietary
carbon risk model to analyze the net carbon exposure of all industry sectors
represented in the Financial Times 500, and selected the 10 industry clusters
with the highest exposure to carbon risks and opportunities. Climate Disclosure
Leadership Index members were distinguished by their awareness of the risks and
opportunities of climate change, as well as the quality and effectiveness of
programs put in place to reduce overall greenhouse gas emissions.
“Entergy has set itself apart from
its peers by disclosing the information required by investors to judge its
readiness for the challenges and opportunities posed by climate change,” said
CDP Chief Executive Paul Dickinson.
The Carbon Disclosure Project is a
special project of Rockefeller Philanthropy Advisors in New York. The group of
investors is not a legal entity and the Carbon Disclosure Project has no
authority to make any other statement on behalf of the participants. Full
details on CDP, the CDP reports and the responses from corporations can be found
Entergy Corporation is an integrated
energy company engaged primarily in electric power production and retail
distribution operations. Entergy owns and operates power plants with
approximately 30,000 megawatts of electric generating capacity, and it is the
second-largest nuclear generator in the United States. Entergy delivers
electricity to 2.6 million utility customers in Arkansas, Louisiana, Mississippi
and Texas. Entergy has annual revenues of more than $10 billion and
approximately 14,500 employees.
Entergy’s online address is www.entergy.com.