Constellation Brands Recognized By CDP as S&P 500 Leader for Climate Change Transparency
(Thomson Reuters ONE) -
~ Comprehensive reporting on global carbon footprint earns Constellation
top environmental distinction ~
VICTOR, N.Y., OCT. 16, 2014 - Constellation Brands, Inc. has been recognized as
a leader among S&P 500 companies by environmental non-profit CDP for the depth
and quality of climate change data it disclosed to investors and the global
marketplace. Constellation's leadership status was announced in the CDP S&P 500
Climate Change Report 2014, which presents compelling new evidence of the link
between industry leadership on climate change and corporate profitability.
Constellation's sustainability initiatives include the largest solar array in
the California wine industry, innovative wastewater treatment systems, and
energy saving initiatives that have resulted in cost savings of over $8 million
annually. Increased production efficiencies have resulted in Constellation's
Fiscal Year 2014 carbon intensity decreasing by 26% over the previous fiscal
year.
"Receiving this important environmental distinction affirms our commitment to
being conscientious stewards of the natural resources that make the production
of our beer, wine and spirits possible across all of our locations," said Rob
Sands, president and chief executive officer, Constellation Brands, Inc. "As an
agriculture-based company, environmental issues are not only important to us,
they are an essential component to our continued growth and success."
This year, the company received a score of 97 (out of 100) on CDP's S&P 500
Climate Disclosure Leadership Index (CDLI). The index spotlights companies that
have demonstrated a high level of transparency and data quality in their
disclosure of climate-related information. Only companies in the top 10 percent
for disclosure scores are awarded a position on the CDLI. This year's list
includes well-regarded industry leaders -such as Apple, Hewlett-Packard, Johnson
& Johnson, Morgan Stanley and UPS.
"We are honored to be recognized among other well-known global companies who are
not only transparent about their carbon footprint, but are also taking positive
action to manage their impact on climate change," said Diana Vesosky, director,
environmental health and safety, Constellation Brands, Inc. "At Constellation,
our employees are committed to minimizing our collective environmental impact
while operating profitably and building brands that people love."
Paul Simpson, chief executive officer of CDP, says: "Global greenhouse gas
emissions continue to rise, and we face steep financial risk if we do not
mitigate them. The need for disclosure of corporate climate change impacts and
strategies to reduce them has never been greater. For this reason, we
congratulate those businesses that have achieved a position on CDP's S&P 500
Climate Disclosure Leadership Index. These companies are responding to the ever-
growing demand for environmental accountability and helping to inspire others to
follow suit."
The S&P 500 report including names of companies featured in the CDLI can be
found at www.cdp.net. Company disclosures to CDP are scored on a scale of 100
for completeness and data quality. High scores indicate that companies provided
robust climate data and conveyed a strong understanding of corporate climate-
related issues. This year, the S&P 500 CDLI features companies that earned a
score of 97 or higher, demonstrating the high regard that leading companies hold
for the collection and communication of climate change information for their
investors.
About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B) is a leading international producer
and marketer of beer, wine and spirits with operations in the U.S., Canada,
Mexico, New Zealand and Italy. In 2013, Constellation was one of the best
performing stocks in the S&P 500. Constellation is the number three beer company
in the U.S. with high-end, iconic, imported brands including Corona Extra,
Corona Light, Modelo Especial, Negra Modelo and Pacifico. Constellation is also
the world's leader in premium wine selling great brands that people love
including Robert Mondavi, Clos du Bois, Kim Crawford, Rex Goliath, Mark West,
Franciscan Estate, Ruffino and Jackson-Triggs. The company's premium spirits
brands include SVEDKA Vodka and Black Velvet Canadian Whisky.
Based in Victor, N.Y., the company believes that industry leadership involves a
commitment to brand-building, our trade partners, the environment, our investors
and to consumers around the world who choose our products when celebrating big
moments or enjoying quiet ones. Founded in 1945, Constellation has grown to
become a significant player in the beverage alcohol industry with more than 100
brands in its portfolio, sales in approximately 100 countries, about 40
facilities and approximately 6,300 talented employees. We express our company
vision: to elevate life with every glass raised. To learn more, visit
www.cbrands.com.
About CDP
CDP 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 767
institutional investors with assets of US$92 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 (at)CDP to find out more.
CONTACTS:
Media
Amy Martin: 585-678-7141
Cheryl Gossin: 585-678-7191
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
###
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Constellation Brands Inc via GlobeNewswire
[HUG#1863611]
Unternehmensinformation / Kurzprofil:
Datum: 16.10.2014 - 15:52 Uhr
Sprache: Deutsch
News-ID 344750
Anzahl Zeichen: 7021
contact information:
Town:
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Kategorie:
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