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Telenor Group ranked among top global sustainability leaders
September 13, 2013 - The Dow Jones Sustainability Indexes (DJSI) published its annual ranking of corporate sustainability leaders. In the telecommunications sector, Telenor Group continues to rank among the global leaders in terms of sustainability.
This is the 12th consecutive year that Telenor Group has been recognized as one of the top members in the DJSI universe of telecommunications companies. This year’s indexes reveal that Telenor Group’s total score was 90 (out of 100), up seven points from last year.
In addition the CDP’s Global 500 Climate Change Report 2013 ranks Telenor Group 3rd among the world’s largest telecommunications companies – up from 10th place last year. For the first time, Telenor Group has also been included in CDP’s Global 500 Climate Performance Leadership Index (CPLI). This annual index highlights those companies listed on the FTSE Global Equity Index Series (Global 500) that demonstrate commitment to the environment.
Achieving the so called ‘A band’ for climate performance is a prerequisite for a position on the CPLI. This is based on a number of criteria associated with measuring, verifying and managing carbon footprints. 56 Global 500 companies feature in the 2013 CPLI.
“Sustainable growth and corporate responsibility is an important part of how Telenor Group operates, which is once again being recognized today,” said Jon Fredrik Baksaas, President and CEO, Telenor Group. “The mobile industry has proven positive effects on economic and social welfare. Our industry has the power to transform society, and we aim to extend the benefits of telecommunications into all markets where we operate.”
The DJSI is a widely recognised benchmark for identifying the world’s corporate sustainability leaders. The DJSI assessment uses an in-depth analysis of economic, environmental and social criteria with a special focus on industry-specific risks and opportunities.
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 722 institutional investors with assets of USD 87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them.