Cenovus recognized for emissions reporting

Company among the top 20 in Canada named by the Carbon Disclosure Project

October 17, 2012
by Purchasing b2b staff

CALGARY—Canadian oil company Cenovus Energy Inc is being recognized for the third consecutive year for its reporting of greenhouse gas emissions through inclusion in the 2012 Canada 200 Carbon Disclosure Leadership Index. Cenovus is among the top 20 Canadian companies named by the Carbon Disclosure Project (CDP) for demonstrating exceptional levels of climate change disclosure.

“Improving our environmental performance is integral to our business at Cenovus,” said Judy Fairburn, Cenovus executive vice-president, environment & strategic planning. “We’re committed to achieving further reductions in emissions intensity and we’ll continue to share our progress through transparent disclosure. Continued inclusion in the Carbon Disclosure Leadership Index reaffirms that we’re on the right track.”

The CDP, an independent not-for-profit organization, operates the world’s largest storehouse of data on corporate greenhouse gas (GHG) emissions. Companies voluntarily submit information about GHG management strategies, emissions accounting, emissions reductions, corporate governance, and best practices in areas such as energy efficiency and funding for innovation.

“Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use,” said Paul Simpson, Carbon Disclosure Project CEO. “They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities.”