Simon Property Group recognized for climate disclosure
Indianapolis -- Shopping center owner Simon Property Group said Tuesday that it has again been recognized by the Carbon Disclosure Project with inclusion in its Carbon Disclosure Leadership Index.
The CDLI includes only those companies within the S&P 500 Index which have displayed the most professional approach to corporate governance regarding climate change information 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 a company and its business.
Simon, the only real estate company to be awarded the CDLI distinction, earned 96 out of 100, which was good enough for the tenth best score among all reporting companies. The overall average score for the Global 500 in 2011 was 69.
"We are gratified to be included in this preeminent group on a measure that reflects the excellence of our shopping center operations," said David Simon, Chairman and CEO of Simon Property Group. "We take great pride in the thorough and accurate measurement of our energy use and greenhouse gas emissions."
The CDLI, compiled by PricewaterhouseCoopers on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. It is based on analysis of the responses to CDP's questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.