PHI remains in the top tier of Standard & Poor’s 500
index of utility companies within the Carbon Disclosure Project’s (CDP’s) annual
carbon performance category. PHI has made concerted efforts to reduce its
carbon footprint over the last several years. These results provided further
validation that we have made significant strides in identifying and managing
our carbon footprint.
A main component of the CDP's annual S&P 500 report,
the Carbon Disclosure Leadership Index highlights S&P 500 companies that
have displayed the most professional approach to corporate governance with
respect to climate change disclosure. Companies are rated on their climate
change disclosure practices, with high scores indicating good internal data
management and understanding of climate change issues affecting the company.
The CDP conducts a rigorous annual survey of companies from
around the world. The companies participate voluntarily and provide detailed
information about their environmental standards and performance. Participating
companies report data on their historic levels of greenhouse gas emissions,
development and implementation of monitoring and reduction protocols, and
historic and recent performance against self-developed reduction goals.