NEW YORK--(BUSINESS WIRE)--The ACE Group of insurance and reinsurance companies announced today that it has been named to the 2010 Carbon Performance Leadership Index (CPLI) by the Carbon Disclosure Project (CDP), an independent, not-for-profit organization that gathers and scores primary corporate carbon emissions information from thousands of businesses around the world. ACE is among 48 companies – and one of only three insurance companies – in the CDP’s Global 500 to earn this recognition.
The CPLI primarily serves as an evaluation tool for institutional investors by highlighting companies that have demonstrated commitment to strategy, governance, stakeholder communications and emission reductions. The Global 500 report, compiled by PricewaterhouseCoopers for CDP, is based on analysis of companies’ responses to a series of questions regarding greenhouse-gas emissions and reduction targets as well as the risks and opportunities associated with climate change. The Global 500 represents the world’s 500 largest public companies in the FTSE Global Equity Index Series based on market capitalization.
“We’re pleased to be recognized on this distinctive global listing,” said Evan Greenberg, Chairman and Chief Executive Officer, ACE Limited. “ACE takes a broad view of the responsibilities and challenges associated with climate change. We recognize that there is an opportunity to help clients manage the economic impact from climate related risk, that we can be part of the solution by reducing our own environmental impact and supporting related causes, and that investors, clients and other stakeholders have an increasing interest in companies’ performance in these areas.”
Paul Dickinson, Chief Executive of CDP, commented: “Companies in this new Carbon Performance Leadership Index are demonstrating leadership in their commitment to manage greenhouse gas emissions. Companies which manage and reduce their emissions, maximize business resilience and capitalize on opportunities, will be the best placed to succeed as we move towards a low carbon economy.”
The Global 500 Report including names of companies featured in the CPLI and the methodology can be found at www.cdproject.net. ACE’s 2010 Environmental Report is available on the “ACE and the Environment” page of its website.
About ACE
Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.
About CDP
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization collecting key climate change data from more than 4,000 companies around the globe and has assembled the largest database of corporate greenhouse gas emissions and climate change information in the world. Founded in 2000, CDP facilitates the collection of climate change data within investment portfolios – representing 534 global institutional investors with a combined US $64 trillion in assets under management – as well as through corporate and public sector supply chains.
Contact:
The ACE Group
Stephen Wasdick, 212-827-4444
stephen.wasdick@acegroup.com