Finding strategic advantage through climate change action


The 2011 Carbon Disclosure Leadership Index (CDLI)


The CDLI includes the companies with the highest carbon disclosure scores and provides a valuable perspective on the range and quality of responses to CDP’s questionnaire.


This year’s Carbon Disclosure Leadership Index (see Figure 12) includes the top-scoring 10% of S&P 500 companies: 55 in total.10


responses continues to improve despite the bar being raised every year through the CDP questionnaire. The distribution of CDLI companies is spread across a variety of sectors, confirming the view that high quality disclosure is possible regardless of sector.


To qualify


for this leadership index, a company must respond to CDP using the Online Response System prior to the deadline and make its response available for public use.


The average CDLI score in 2011 is 88, up from 86 in 2010 and 82 in 2009. This indicates that the quality and depth of


Numerous companies have consistently achieved leadership over the years including 20 companies who have been carbon disclosure leaders for at least three consecutive years. The best-represented sectors in the CDLI are Financials (11 companies) and Consumer Staples (nine companies), which is consistent with the 2010 CDLI (nine for Consumer Staples and eight for Financials).


Figure 12: 2011 S&P 500 Carbon Disclosure Leadership Index11 Sector


Consumer Discretionary


Company name


News Corporation* Carnival*


Tiffany & Co. Johnson Controls


Consumer Staples


Wyndham Worldwide PepsiCo


Dean Foods* Clorox


Kraft Foods


Molson Coors Brewing Kellogg Company Wal-Mart Stores* Brown-Forman


Energy Financials


Philip Morris International Spectra Energy* Hess*


Chevron* Bank of America


Simon Property Group Allstate


NYSE Euronext


Hartford Financial Services* Marsh & McLennan


2011 Carbon disclosure score 93 88 85 83 83 90 89 87 86 86 85 85 84 83 96 91 86 97 96 89 89


88 88


10. This is based on total S&P 500 companies. The top-scoring 10% includes tied scores. 11. An asterisk indicates companies that have been carbon disclosure leaders for at least three consecutive years.


2010 Carbon disclosure score 94 80 72 87 -


71 91 73 91 83 67 86 83 87 94 90 80 85 78 75 80


82 50


“ The company has set a quantitative goal to mitigate our impact on climate change by reducing, offsetting, or displacing regional GHG emissions by 4.4 million metric tons. Since 2005, Con Edison and its subsidiaries have reduced Scope 1 direct emissions by 2.1 million metric tons (35% of total baseline 2005 emissions). Building on these early successes, Con Edison of New York and Orange and Rockland Utilities will also be working to reduce customer emissions through energy efficiency, distributed generation, and clean energy alternatives.”


Consolidated Edison


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