DENVER & MONTREAL--(EON: Enhanced Online News)--Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) has been recognized as a leader for the transparency and quality of climate change data it has submitted to the global marketplace through CDP, the world’s only global environmental disclosure system. The achievement is announced today in the CDP S&P 500 Climate Change Report 2013, which tracks how America’s largest listed companies are acting in response to a changing climate.
“Recognition by CDP validates our strategy to build Our Beer Print into our entire supply chain, ensuring that we drive savings that will make the business more sustainable, competitive and less exposed to climate-related risks.”
CDP’s climate disclosure program is sponsored by 722 investors representing $87 trillion in assets. Through various channels, including Bloomberg terminals, CDP Climate Disclosure scores are communicated to investors and other decision makers to assess corporate preparedness for changing market demands and emissions regulation.
"We’re proud to be included in the Climate Disclosure Leadership Index, which underscores the priority we place on driving sustainability and letting our shareholders and stakeholders know how we’re doing,” said Peter Swinburn, Molson Coors president and chief executive officer. “We describe our impact on people, communities and the environment as ‘Our Beer Print’. Increasingly, we realize the importance our positive Beer Print matters to our retail customers and brand consumers.”
Molson Coors Chief Supply Chain Officer, Celso White, added, “Recognition by CDP validates our strategy to build Our Beer Print into our entire supply chain, ensuring that we drive savings that will make the business more sustainable, competitive and less exposed to climate-related risks.”
Paul Simpson, CEO of CDP, comments, “US Companies that score highly enough to be included in the Climate Disclosure Leadership Index are responding to the call for greater corporate climate accountability. They have demonstrated leading practice on the measurement of greenhouse gas emissions and energy use, and transparency of their climate change strategy.”
Tom Carnac, President of CDP North America, said, “As we face increasing impacts from climate change, we are seeing the data companies disclose to CDP being used at every stage in investment decision making to identify environmental risks, as well as which companies may be taking best advantage of environmental opportunities. I congratulate the US companies featured on the S&P 500 CDLI: they have demonstrated their ability to provide superior transparency to their stakeholders, a critical aspect of doing business today.”
In July 2013 Molson Coors announced the issue of its ‘Our Beer Print’ - 2013 Corporate Responsibility Report, outlining savings of $10 million per year from 2008 through 2012, due to lower use of energy and water, reduced waste fees and taxes, and sales of materials that would otherwise have been disposed. In 2012, the company announced ambitious new long-term targets to achieve further reductions: 25 percent in energy intensity, 15 percent in GHG intensity and 20 percent in water per unit of production by the year 2020.
The S&P 500 report including names of companies featured in the CDLI can be found at www.cdp.net.
About Molson Coors Brewing Company
Molson Coors Brewing Company is one of the world’s largest brewers. The Company’s operating segments include Canada, the United States, Europe, and Molson Coors International. The Company has a diverse portfolio of owned and partner brands, including signature brands Coors Light, Molson Canadian, Staropramen and Carling. Molson Coors is listed as the beverage industry sector leader on the 2013/2014 Dow Jones Sustainability World Index for the second year, the most recognized global benchmark of sustainability among global corporations. For more information on Molson Coors Brewing Company, visit the company’s web site, www.molsoncoors.com.
Additional Media Materials:
Our Beer Print video - http://youtu.be/MJmqm0-QJSM
CDP, formerly known as the Carbon Disclosure Project is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.