National Grid recognized with prestigious ‘A’ score for climate change for fifth year running
National Grid has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change, for the fifth year running.
National Grid was recognised for its actions to cut emissions, mitigate climate risks and develop a low-carbon economy, based on the data it reported through CDP’s 2020 climate change questionnaire.
The achievement follows commitments made by National Grid earlier in the year to reduce Scope3 greenhouse gas emissions (GHG) emissions for the electricity and gas we sell to our customers by 20% by 2030. National Grid also made a commitment to reduce Scope 1 and 2 GHG by 80% by 2030, 90% by 2040, and to net zero by 2050 from a 1990 baseline.
Tim Horan, Group Head of Safety, Health & Environment at National Grid, says: “We are at the heart of the clean energy transition and have a critical role to play in tackling climate change. We’re delighted that the CDP recognises the significant action we have taken on climate change, but we can’t rest on our laurels. We know there is much more we can and will do.”
Paul Simpson, CEO of CDP, says: “Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores
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Note to editors
The full methodology and criteria for the A List is available on CDP’s website at: https://www.cdp.net/en/companies/companies-scores
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who have disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are marked with an F.