Friday, 17 October 2014
MOL Recognized by CDP as leader for Climate Change Transparency and as World Leader for Corporate Action on Climate Change
High Evaluation Disclosure of Climate Change Information
TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) announced today that MOL has been recognized as a leader for the depth and quality of climate change data it has disclosed to investors and the global marketplace through CDP*1 global environmental disclosure system for independent assessment. MOL achieved a position in CDP’s Japan 500 Climate Disclosure Leadership Index (CDLI) *2. At the same time, MOL has been award with a position on The A List: The CDP Climate Performance Leadership Index (CPLI) *3 2014 for its actions to reduce carbon emissions and mitigate the business risks of climate change. It is 15 companies out of Japan 500 that was recognized for both CDLI and CPLI.
Given the increasing demand for global environmental protection, MOL Group has been aware of the environmental impact of its business activities and regards the global warming countermeasures as an important management issue.MOL has set a new environmental activities policy and targets, proactively utilize technologies to reduce environmental impact and actively disclose environmental data in the new midterm management plan “STEER FOR 2020” for the three years starting in fiscal 2014. From this point, as a responsible corporate citizen, MOL will continue its aggressive stance in terms of protecting the global environment.
(*1) 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 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them.
(*2) CDLI highlights constituent companies within the large Japanese 500 companies including companies in the FTSE Japan Index. To be recognized as a CDLI company means, the company is providing a high level of transparency in their disclosure of climate-related information.
(*3) CPLI presents 187 listed companies identified as demonstrating a superior approach to climate change mitigation. Nominated from 2,000 listed worldwide companies has been independently assessed against CDP’s widely-respected scoring methodology and ranked accordingly.