Business & Finance
Mon, October 18, 2010Sun, October 17, 2010Fri, October 15, 2010Thu, October 14, 2010Wed, October 13, 2010Tue, October 12, 2010Mon, October 11, 2010Fri, October 8, 2010Thu, October 7, 2010Wed, October 6, 2010Tue, October 5, 2010Mon, October 4, 2010Pepco Holdings Leads Peer Group in Climate Index
Published in Business and Finance on Friday, October 8th 2010 at 12:26 GMT by Market Wire
WASHINGTON--([ BUSINESS WIRE ])--Pepco Holdings, Inc. (NYSE: POM) has been named a Maplecroft Climate Innovation Index Leader. Maplecroft is a leading provider of international country and corporate risk analyses and indices to investors, asset managers and corporations and their stakeholders.
"Joining the ranks of top performers in the critical area of innovation for reducing both carbon emissions and overall energy use is a testament to PHIa™s continuing commitment to all aspects of environmental stewardship"
The Maplecroft Climate Innovation Leaders comprise the top 100 U.S. companies across all sectors that successfully innovate around climate and energy and thus are better equipped to capitalize on market opportunities in the future growth environment; operate in rapidly changing policy regimes; and adapt to the physical impacts of climate change across their operations and markets. The index presents a compelling case for climate innovation as a leading indicator of financial performance and competitiveness.
PHI achieved significant improvement in its score in 2010 a" joining Maplecrofta™s Top 100 for the first time with a rank of 30 a" by improving both the level and transparency of its environmental performance. As the fifth-highest ranking electric utility, PHI scored well above its industry peer groups, both regional and financial.
aJoining the ranks of top performers in the critical area of innovation for reducing both carbon emissions and overall energy use is a testament to PHIa™s continuing commitment to all aspects of environmental stewardship,a said Joseph M. Rigby, PHI Chairman, President and CEO. aIt also is recognition of our companya™s effective environmental leadership, which has established a culture of individual as well as corporate responsibility regarding environmental performance.a
aIn addition, our significant investment in smart grid infrastructure, which is necessary to enable significant reductions in energy use, was clearly a factor in PHIa™s dramatic rise in the index,a said Rigby.
PHI outperformed the all-industry average scores and the electric utility average scores for all five climate-related performance categories measured by the index:
1. Management through policies, disclosures, targets, verification and supply chain processes
2. Mitigation of carbon emissions through policy responsiveness, partnerships and efficiency
3. Emissions reductions in greenhouse gas (GHG) emissions by reporting scope
4. Innovation of new technologies or initiatives that capitalize on climate-related opportunities
5. Adaptation by modeling climate impacts and changing company strategy and operations
More information about the Maplecroft indices is available at [ www.maplecroft.com ].
About PHI: Pepco Holdings, Inc., headquartered in Washington, D.C., delivers electricity and natural gas to about 1.9 million customers in Delaware, the District of Columbia, Maryland, and New Jersey, through its subsidiaries Pepco, Delmarva Power and Atlantic City Electric. PHI also provides retail energy products and services through Pepco Energy Services.
