Limited Brands Commended For Climate Change Disclosure
September 23, 2009
Limited Brands has been commended by the Carbon Disclosure Project (CDP), which represents 475 institutional investors with $55 trillion in assets under management, for its approach to climate change disclosure.
This index, a key component of CDP's annual S&P 500 Report, highlights the constituent companies within the S&P 500 Index which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
The index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP provides an evaluation tool for institutional investors. It comprises 50 constituents of the S&P 500 Index based on analysis of the responses to CDP's 2009 Questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented:
"Companies recognized in the Carbon Disclosure Leadership Index are rewarded for high quality responses to CDP, which demonstrate a good understanding of how climate change is and will continue to impact their business. Companies which control their risks today, manage their emissions and seize the opportunities to produce low carbon goods and services, will be the best placed to prosper in a low carbon economy of the future."
The S&P 500 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.
About Limited Brands:
Limited Brands, through Victoria's Secret, Pink, Bath & Body Works, C.O. Bigelow, La Senza, White Barn Candle Co. and Henri Bendel, presently operates 3,014 specialty stores. The company's products are also available online at >www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.
About CDP:
The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest database of corporate climate change information in the world. CDP gathers data through its annual Information Requests on behalf of institutional investors, purchasing organisations and government bodies. Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing essential climate change data to the global market place.
Investor CDP represents some 475 institutional investors, with combined assets under management in excess of $55 trillion. CDP also works with private and public sector organizations to facilitate the collection of climate change data from their supply chains, as well as with local government to drive emissions reduction and sustainable development in key cities around the world. More than 2,500 major corporations around the globe report their greenhouse gas emissions and the risks and opportunities posed by climate change through CDP.
The Carbon Disclosure Project is a Registered Charity (no. 1122330). In the United States, CDP's sponsor liaison is Rockefeller Philanthropy Advisors, which provides CDP with 501(c)3 charitable status.
Limited Brands press contact:
Robin Hoffman
Limited Brands
614.415.6042
Email: rhoffman@limitedbrands.com
Environment