Cadbury Schweppes has again been recognized as "Best in Class" in its approach to climate change in a report released September 24 by the Carbon Disclosure Project, a global survey of the world's largest companies on the issue of climate change.
The annual survey of 500 leading corporations, commissioned by a coalition of more than 300 institutional investors with more than $41 trillion in assets, creates a best-in-class Climate Disclosure Leadership Index of 68 companies that showed distinction based on their reporting of greenhouse gas emissions and an independent assessment of their climate change strategies.
Cadbury Schweppes was judged among the best in its sector, and distinguished by the disclosure of its strategic awareness of the risks and opportunities of climate change, as well as the quality and effectiveness of programs put in place to reduce emissions.
Cadbury Schweppes renewed its commitment to tackling climate change earlier this year in its Purple Goes Green strategy, leading the food manufacturing sector in committing to a 50 percent absolute reduction in carbon emissions by 2020, as well as setting targets for packaging and water-use reduction.
Steve Driver, president of global supply chain, commented: "Cadbury Schweppes is absolutely committed to tackling climate change. We are rethinking the way we do business, embedding sustainability into every decision we take. Reducing our use of energy across the business is good for the environment and supports our commercial success. We have been working hard in this area, and this is reflected in the Carbon Disclosure Project's review of our answers and strategies, and their rating of our performance in comparison to other large companies. However, we recognize that we still have a lot of work to do to meet our ambitious targets and will be working with partners and industry to achieve them."