Russian Federation aluminium giant UC Rusal announced yesterday that it has received an A- rating in its first-ever assessment by the global non-profit organization Carbon Disclosure Project (CDP).
The company says this is the first of an annual assessment by the CDP, and the rating is the result of its work to reduce emissions, manage climate risks, and promote transparency in communication as it relates to carbon emissions.
Rusal’s Chief Executive Officer Evgenii Nikitin elaborated upon the importance of the CDP rating in a related press release.
“The CDP ‘A-’ rating is testament to the consistent efforts that RUSAL is making in the field of responsible attitude towards climate change. By improving our rating, we are increasing the competitiveness of our products as the CDP report is highly regarded by the world’s most prominent customer companies and investors when purchasing products and making investment decisions. The carbon footprint of our products is one of the lowest in the world, and we continue to implement the best international practices in the field of sustainable development.”
Rusal has been working with the CDP for the past five years, reporting its assessment and management of climate risks to the non-government organization each year. The CDP completed its assessment of the firms it monitors for the year 2018, including Rusal in the top 160 companies it assessed that year. CDP rated over 4,800 firms around the world this year, and it collects data on almost 10,000 companies as well.
CDP maintains the world’s largest database of greenhouse gas emissions data, and its platform is utilized by over 150 large firms with US$4 trillion in purchasing spend. Additionally, over 500 major investors use the platform to manage US$106 trillion in assets.