TUI Travel PLC has been ranked 6th in the FTSE 350 Carbon Disclosure Leadership Index [CDLI] for its approach to carbon disclosure, according to a press release from the company.
For the third consecutive year TUI Travel is featured in the Carbon Disclosure Project (CDP). This year TUI has received a carbon disclosure score of 90 which is a 27% improvement on last year’s score (71) and places TUI in the top quartile of the CDLI. TUI Travel is the only tour operator to be featured in the CDLI this year.
The CDLI index, compiled by PricewaterhouseCoopers on behalf of CDP, highlights companies within the FTSE 350 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 is used by institutional investors as an evaluation tool.
The FTSE 350 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net
TUI Travel operates in approximately 180 countries. It serves more than 30 million customers in over 27 source markets. Headquartered in the UK, the Group employs approximately 50,000 people and operates a pan-European airline consisting of 143 aircraft. The company is organized and managed through four business Sectors: Mainstream, Specialist & Activity, Accommodation & Destinations and Emerging Markets. In the financial year ended 30 September 2009 TUI Travel had revenues of £13.9bn and an underlying profit before tax of £366m.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 534 institutional investors, with combined assets under management in excess of $64 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making.