DTE Energy Commended for Climate-Change Disclosure
September 22 2009 - 12:00PM
PR Newswire (US)
DETROIT, Sept. 22 /PRNewswire/ -- DTE Energy 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. For the
first time since beginning participation in the Carbon Disclosure
Project in 2006, DTE Energy is featured in CDP's "Carbon Disclosure
Leadership Index." This index highlights companies within the
S&P 500 Index that have displayed the most professional
approach to corporate governance in respect to 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 issues. 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. "It is gratifying to
be recognized as a leader in climate-change disclosure practices
because we firmly believe that our shareholders and potential
investors should expect that level of transparency from our
company," said DTE Energy Chairman and CEO Anthony F. Earley Jr.
"Clearly, climate-change issues are important for our company and
our industry and we are engaged in initiatives on several fronts to
reduce the carbon intensity of our operations in ways that provide
opportunities to strengthen and grow our business. These
initiatives include development of renewable energy resources,
research into carbon capture and storage, energy efficiency
programs for our customers, development of carbon offsets through
forestation projects and other innovative programs and plans for a
new nuclear power plant." 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 http://www.cdproject.net/. About DTE Energy: DTE Energy is
a Detroit-based diversified energy company involved in the
development and management of energy-related businesses and
services nationwide. Its largest operating units are Detroit
Edison, an electric utility serving 2.2 million customers in
Southeastern Michigan, and MichCon, a natural gas utility serving
1.2 million customers in Michigan. The DTE Energy portfolio of
businesses also includes non-utility energy businesses focused on
power and industrial projects, coal and gas midstream,
unconventional gas production and energy trading. In 2008, DTE
Energy posted revenues of approximately $9.3 billion. Information
about DTE Energy is available at http://www.dteenergy.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. DATASOURCE: DTE Energy CONTACT: John Austerberry,
+1-313-235-8859, or Lorie N. Kessler, +1-313-235-8807, both of DTE
Energy Web Site: http://www.dteenergy.com/
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