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Rosie Reeve CDP Rosie.Reeve@cdproject.net


Carbon Disclosure Project 40 Bowling Green Lane London EC1R 0NE United Kingdom Tel: +44 (0)20 7970 5660 Fax: +44 (0)20 7691 7316 www.cdproject.net


This report was supported by AT&T www.att.com


About the Carbon Disclosure Project (CDP) The Carbon Disclosure Project launched in 2000 to accelerate solutions to climate change by putting relevant information at the heart of business, policy and investment decisions. We further this mission by harnessing the collective power of corporations, investors and political leaders to accelerate unified action on climate change. Over 3,000 organizations in some 60 countries around the world now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. Data is made available for use by a wide audience including institutional investors, corporations, policymakers and their advisors, public sector organizations, government bodies, academics and the public. For more information please see: www.cdproject.net


Important Notice The contents of this report may be used by anyone providing acknowledgement is given to Carbon Disclosure Project. This does not represent a license to repackage or resell any of the data reported to CDP or the analysis presented in this report and therefore if you intend to do this you need to obtain express permission from CDP before doing so. CDP prepared this paper based on secondary research and interviews. CDP does not guarantee the accuracy or completeness of this information. CDP makes no representation or warranty, express or implied, concerning the fairness, accuracy, or completeness of the information and opinions contained herein. All opinions expressed herein are based CDP’s judgment at the time of this report and are subject to change without notice due to economic, political, industry and firm-specific factors. Guest interviews where included in this report reflect the views of their respective authors. CDP and their affiliated member firms or companies, or their respective shareholders, directors, officers and/ or employees, may have a position in the securities discussed herein. The securities mentioned in this document may not be eligible for sale in some states or countries, nor suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by exchange rates. © 2010 Carbon Disclosure Project. ‘Carbon Disclosure Project’ and ‘CDP’ refers to Carbon Disclosure Project


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