NEW YORK--(BUSINESS WIRE)--The ACE Group announced today that it has earned recognition for leadership in carbon performance by CDP, the world’s only global environmental disclosure system. For the second consecutive year, ACE was named to CDP’s Global 500 Climate Performance Leadership Index (CPLI) and S&P 500 CPLI.
ACE is the only insurance company named to both CDP performance leadership indexes.
“ACE’s appearance on these listings reflects the commitment of our company and employees around the globe to controlling our environmental impact and reducing our carbon footprint, while helping our clients to manage their climate and other environmental risks,” said Evan Greenberg, Chairman and Chief Executive Officer, ACE Limited. “It is an honor for us to receive this recognition a second time.”
ACE has aggressively worked to reduce global greenhouse gas emissions throughout its worldwide operations and has cut emissions 27% per employee since 2006. Energy conservation improvements also have resulted in Leadership in Energy and Environmental Design (LEED) certifications for its offices in Philadelphia and Hamilton, Bermuda, and Energy Star Certification by the U.S. Environmental Protection Agency for the company’s offices in Philadelphia and Wilmington, Del.
Paul Simpson, Chief Executive Officer of CDP, commented: “Natural resource scarcity is intensifying, the scientific case for action to mitigate climate change is strengthening and the number of investors requesting corporate action on climate change through CDP is continually increasing. We congratulate companies in the Climate Performance Leadership Index for their pioneering efforts to combat climate change and grow low carbon economies at this critical time.”
Formerly known as the Carbon Disclosure Project, CDP’s annual indexes, compiled by PwC on behalf of CDP, highlight those companies listed on the FTSE Global Equity Index Series (Global 500) and the Standard & Poor’s 500 Index (S&P 500) that demonstrate strategies committed to improving their impacts on the environment. Performance bands awarded by CDP provide an evaluation tool for institutional investors and stakeholders tracking corporate efforts to mitigate climate change.
The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE offers commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life to a diverse range of customers. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE:ACE) and is a component of the S&P 500 Index. Visit www.acegroup.com for more details.
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. 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. Please visit http://www.cdp.net/ to find out more.