Ericsson ranks high in climate disclosure leadership index

Ericsson has been chosen as “Best in Class” in its approach to climate change disclosure in a report released by the Carbon Disclosure Project (CDP), a coalition of over 315 global investors with more than USD 41 trln in assets. Ericsson was the only telecoms supplier and Swedish company to be named in the leadership index.

The CDP report is a survey of the responses of Financial Times 500 corporations on the issue of climate change. In the report, Ericsson was included in the Climate Disclosure Leadership Index, a prestigious honor roll for global corporations addressing the challenges of climate change.

“We see great opportunities to contribute to the reduction of greenhouse gas emissions, while at the same time using energy efficiency as a competitive driver,” said Elaine Weidman, Director, Corporate Responsibility at Ericsson.

“We are driving change in our industry through the pioneering of alternative power sources, the tower tube and solar village chargers, among other energy-lean innovations.”

In 2006, Ericsson improved the energy efficiency of its 3G radio base stations by 35%. With the company’s continued energy efficiency improvements to 3G radio base stations, overall energy efficiency will have improved by 80% for the company’s total product mix by the end of 2008, when compared to 2001.

All companies in the FT500 sample were assessed relative to their peers to provide an evaluation for investors, through the CDLI on which companies have developed the most comprehensive climate change disclosure practices. Innovest rank companies on a 100 point scale and all companies which achieved a score of 85 or over are featured in the CDLI. More information on the CDLI can be found at the CDP website: www.cdproject.net.

The Carbon Disclosure Project is a special project of Rockefeller Philanthropy Advisors in New York. The group of investors is not a legal entity and the Carbon Disclosure Project has no authority to make any other statement on behalf of the participants.