SAN FRANCISCO, Calif.—Pacific Gas and Electric Company (PG&E) today announced it has been named to the “Climate A List” by the CDP, an international not-for-profit that represents 827 investors with $100 trillion in assets.
PG&E was selected from thousands of companies that submitted annual climate disclosures to the CDP for an independent assessment against the organization’s scoring methodology. PG&E was among 9 percent of corporations participating in CDP’s climate change program to reach the Climate A List, in recognition of the company’s actions to reduce emissions and address climate change.
“PG&E is honored to be recognized for our ongoing work to combat climate change and to create a low-carbon economy. We have a long history of taking action on both fronts, and our work can be seen today as we reduce our own carbon footprint, help our customers do the same, and drive the implementation of innovative energy solutions,” said Melissa Lavinson, PG&E’s chief sustainability officer and vice president of federal affairs and policy.
The Climate A List was released today in CDP’s report, Out of the starting blocks: Tracking progress on corporate climate action. The report establishes a baseline for corporate climate action toward a low-carbon economy and the opportunities this affords. The CDP will use future annual reports to track companies’ progress on reducing emissions in line with the goals of the historic Paris Agreement.
“We congratulate the 193 A List companies that are leading the charge towards our low carbon future. Companies are key actors in enabling the global economy to achieve its new climate goals, and the leadership of this group points the way for others to take bold action and capitalize on the many opportunities that await,” said CDP chief executive officer Paul Simpson.
PG&E leaders attended the COP21 international climate talks in Paris as part of California’s delegation to support an agreement to slow global warming and promote the role gas and electric providers can play in deploying large-scale low-carbon technologies to combat climate change. PG&E also signed on to President Obama’s American Business Act on Climate initiative, which rallied U.S. companies behind the need for action on climate change.
More than 58 percent of the electricity that PG&E delivered to customers in 2015 came from greenhouse gas-free and renewable resources—helping achieve a carbon dioxide emissions rate approximately two-thirds cleaner than the national average.
“PG&E continues to be a leader in the electric power sector in the fight against climate change. By working to accelerate the adoption of new technologies, reducing the impact of its own operations and engaging with community and government partners, PG&E is playing a leading role in driving the critical transition to a low-carbon economy in California,” said Mindy Lubber, president of Ceres, a nonprofit sustainability group, and a member of PG&E’s external Sustainability Advisory Council.