30 October 2012
ROCKWOOL Group in Nordic elite of climate change disclosure
The international insulation company only one point short of becoming Denmark’s best CO2 reporter in 2012.
Today in Copenhagen, the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets under management, revealed its Nordic leadership index and commended the ROCKWOOL Group for its approach to climate change reporting. With 93 of 100 points (compared to 86 points last year) the international insulation company is now Denmark’s second best’s CO2 reporter in 2012.
As fossil fuel prices remain high and the future costs of climate change still uncertain, sustainable investors and political decision-makers are on the look-out for companies that not only reduce society’s CO2 emissions, but are also proactive about how they tackle their own carbon footprint.
“Extreme weather events are causing significant financial damage to markets,” says Paul Simpson, CEO of the Carbon Disclosure Project, “Investors therefore expect corporations to think more about climate resilience. There are still leaders and laggards but the economic driver for action is growing, as is the number of investors requesting emissions data. Governments seeking to build strong economies should take note.”
Denmark, which has decided to become fossil-free by 2050, has an international reputation for clean-tech companies. The ROCKWOOL Group’s positive net carbon footprint of more than 4,000 million tonnes of saved CO2 is opening doors to key decision-makers around the world.
“Our energy efficiency and climate profile is met by strong interest among investors, governments and executives. Insulation of buildings and industrial processes are among the lowest hanging fruits when it comes to cutting energy costs, creating green growth jobs, and reducing CO2 emissions, says Thorkild Diness Jensen, VP of Investor Relations & Corporate Communications in ROCKWOOL International, “It creates much goodwill that the ROCKWOOL insulation, which we produce in just one year, will save more than 4,000 million tonnes of CO2 in its lifetime. CDP reporting helps us provide transparency of what we do as a company to improve the way we deal with opportunities and threats in respect to climate change.”
The Nordic 260 report including names of companies featured in the Carbon Disclosure Leadership Index can be found in the CDP’s annual Nordic 260 Climate Change Report.
About the ROCKWOOL Group
The ROCKWOOL Group is the world’s leading provider of stone wool insulation that helps keep buildings and industrial processes comfortably warm or cool with a minimum waste of energy and CO2. The first year alone, the ROCKWOOL insulation installed in buildings and industrial processes in a year will save 177 million tonnes of CO2 (three times the annual emissions of Denmark). With an insulation lifetime of at least 15-50 years that sums up to more than 4,000 million tonnes of lifetime CO2 savings. 4,000 million tonnes of saved CO2 equals one year’s carbon emissions from Russia, Germany and India combined.
For more information, please visit: www.rockwool.com
The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest database of primary corporate climate change information in the world. Thousands of organisations across the world’s largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order for them to set reduction targets and make performance improvements. This data is gathered on behalf of: 655 institutional investors, with combined assets under management in excess of $78 trillion; purchasing organisations; and government bodies. The data is made available for integration into business and policy decision making.
For more information, please visit www.cdproject.net