October 17, 2012
On October 15, Nexen was named to the Carbon Disclosure Leadership Index (CDLI), in recognition of our transparent submission to the Carbon Disclosure Project (CDP) for 2011. This is the third time Nexen has been named to the CDLI, and it illustrates our commitment to transparent disclosure of our carbon emissions and our ongoing efforts to reduce and mitigate our impact on the environment.
“The CDP works with many of the world’s largest companies, assessing their carbon disclosure results and strategies for mitigating the impacts of climate change,” says Wishart Robson, Special Advisor – Climate Change. “This year 55 of the top 60 Canadian companies listed on the TSX submitted responses to the CDP questionnaire. To be recognized among these companies as a leader for our disclosure practices is rewarding and illustrates our commitment to transparency.”
Nexen submits annual responses to the CDP questionnaire, which is focused on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change. From these responses, companies who meet high standards of disclosure are named to the CDLI. For Canadian companies, the CDLI is compiled by Accenture, and provides a benchmarking tool for 655 institutional investors with assets of $78 trillion and many other stakeholders. Nexen is one of 20 Canadian companies named to the CDLI, and one of seven oil and gas companies. Other energy companies include Suncor, Cenovus, Enbridge, TransCanada, Arc Resources and Enerplus.
The CDP 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. If you’d like to learn more about the CDP, visit www.cdproject.net.