Standard Register Recognized as Leading Supplier for Corporate Action on Climate Change
January 29 2015 - 09:00AM
Business Wire
For its actions to reduce carbon emissions and mitigate the
business risks of climate change, Standard Register (NYSE: SR) has
been awarded with a position on the CDP Supplier Climate
Performance Leadership Index 2014.
The index, which is included within a new report reviewing the
environmental sustainability of global supply chains, presents 121
suppliers identified as demonstrating a superior approach to
climate change mitigation. It has been produced by CDP, the
international NGO that drives sustainable economies, at the request
of 66 multinational purchasers who work with CDP to better
understand and manage the environmental impacts of their supply
chains and have a procurement spend of US$1.3 trillion.
Information provided by 3,396 companies has been independently
assessed against CDP’s respected scoring methodology and ranked
accordingly. Standard Register is one of the 121 that has been
awarded an A grade for its climate performance, earning a position
on this global ranking of suppliers’ efforts to mitigate climate
change.
“Standard Register has made significant strides in recent years
to reduce our carbon footprint, using the CDP Supply Chain process
as a guide to drive continuous improvement,” said Stephen McDonell,
Vice President, Engineering and Sustainability. “We are delighted
to be recognized and be included in their leadership index.”
Climate performance leaders recognize the risks and
opportunities of climate mitigation strategies. Accordingly, they
have implemented cost-effective initiatives to lower their
greenhouse gas emissions, collectively reducing their total
(absolute) emissions by over 20 million metric tons in the past
reporting year; this is equivalent to planting 16 million acres of
forest.
CDP performance scores provide a tool for corporate buyers to
evaluate and track supplier efforts to mitigate climate change
risks such as rising costs associated with regulation and
fluctuating energy prices, or business interruption due to extreme
weather events. When climate change risks become a reality,
profitability and brand reputation up and down the value chain can
be impacted. CDP scores enable benchmarking and easy identification
of where purchasers and their suppliers can collaborate to drive
improvements to futureproof their supply chains against climate
risk.
Paul Simpson, chief executive officer of CDP, comments:
“Greenhouse gas emissions continue to rise globally and we face
steep economic risk if we do not mitigate them. The business case
for action to mitigate climate change impacts in the supply chain
has never been stronger or more urgent. For this reason we
congratulate those suppliers who have achieved a position on CDP’s
Supplier Climate Performance Leadership Index. These companies are
responding to the growing demand for environmental accountability
while at the same time making progress towards the realization of
sustainable economies.”
Robert Francisco, president of FirstCarbon Solutions,
adds: “For many companies, the majority of greenhouse gas emissions
are found within the supply chain. This achievement is testament to
Standard Register’s partnership with its customers to make the
commitment to environmental stewardship and demonstrate a superior
approach to climate change mitigation. As CDP’s sustainability
business process outsourcing partner and supply chain scorer,
FirstCarbon Solutions congratulates Standard Register for being
recognized in the top 4% of suppliers as part of CDP’s 2014
Supplier Climate Performance Leadership Index.”
About Standard Register
Standard Register (NYSE:SR) is trusted by the world’s leading
companies to advance their reputations and add value to their
operations by aligning communications with corporate standards and
priorities. Providing market-specific insights and a compelling
portfolio of workflow, content and analytics solutions to address
the changing business landscape in healthcare, financial services,
manufacturing and retail markets, Standard Register is the
recognized leader in the management and execution of
mission-critical communications. More information is available at
http://www.standardregister.com.
About CDP
CDP, formerly 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
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 us @CDP to find out more.
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Investors and media:Standard RegisterCarol Merry,
614-383-1624carol.merry@fahlgren.com
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