Last checked at 17 Oct 2014 10:17
PRESS RELEASE:
FRIDAY OCTOBER 17, 2014
MORGAN ADVANCED MATERIALS RECOGNISED BY CDP AS A LEADER IN CLIMATE CHANGE TRANSPARENCY
Morgan Advanced Materials has, for the third consecutive year, been recognised as a leader for the depth and quality of climate change data it has disclosed to investors and the global marketplace through CDP, the international NGO that drives sustainable economies. Morgan Advanced Materials' status is awarded with a position on the FTSE 350 Climate Disclosure Leadership Index (CDLI), released today in the CDP UK Corporate Environmental Report 2014.
Morgan Advanced Materials has earned leadership status by submitting climate change information through CDP's global environmental disclosure system for independent assessment against CDP's widely-respected scoring methodology.
Morgan Advanced Materials has scored 97 out of a possible total of 100. High scores indicate the provision of robust climate data upon which decisions that will catalyse progress towards low carbon economies can be made. The Leadership Index highlights companies providing a high level of transparency in their disclosure of climate-related information.
Mark Robertshaw, Chief Executive Officer of Morgan Advanced Materials, commented: "Across Morgan we are leveraging our advanced materials technologies to reduce greenhouse gas emissions. These include through our world leading high temperature insulation solutions that substantially reduce energy consumption in a number of energy intensive industries. We have a range of innovative and differentiated products for solar and wind power generation activities, and we are also increasingly using green technologies for energy generation in our operating sites around the world.. Therefore we are delighted to be recognised again by CDP as being one of the FTSE 350 leaders in carbon-related disclosure."
Disclosure to CDP's climate change program is at the request of 767 investors who represent more than US$92 trillion in assets, which is around a third of the world's invested capital. The number of investors using CDP to understand better the economic risks and opportunities that climate change presents to their portfolio companies has increased on an annual basis. The growing consensus that accountability for contributions to climate change is a business imperative is further supported by the number of businesses using CDP to report their climate change impacts, which has also risen.
CDP disclosure scores are provided to investors and other decision makers through various channels, including Bloomberg terminals, to help them assess corporate preparedness for changing market demands and emissions regulation.
Paul Simpson, chief executive officer of CDP, says: "Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not mitigate them. The need for data on corporate climate change impacts and strategies to reduce them has never been greater. For this reason we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index. These companies are responding to the ever-growing demand for environmental accountability and should inspire others to follow suit."
Complete lists of CDP leaders along with the climate disclosures of all companies publicly taking part in CDP's climate change program this year is available on CDP's website.
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About Morgan Advanced Materials
Morgan Advanced Materials is a global materials technology company which designs and manufactures a wide range of high specification products with extraordinary properties, across multiple sectors and geographies.
From an extensive range of advanced materials we produce components, assemblies and systems that deliver significantly enhanced performance for our customers' products and processes. Our engineered solutions are produced to very high tolerances and many are designed for use in extreme environments.
The Company thrives on breakthrough innovation. Our materials scientists and applications engineers work in close collaboration with customers to create outstanding, highly differentiated products that perform more efficiently, more reliably and for longer.
Morgan Advanced Materials has a global presence with more than 9,000 employees across 50 countries serving specialist markets in the energy, transport, healthcare, electronics, security and defence, petrochemical and industrial sectors. It is listed on the London Stock Exchange in the engineering sector (ticker MGAM).
More information is available at www.morganadvancedmaterials.com
About CDP
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. 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 www.cdp.net or follow us @CDP to find out more.