PRESS RELEASE
October 22, 2010 at 11.30 am EET
Outokumpu has been commended by the Carbon Disclosure Project (CDP), which
represents 534 institutional investors with $64 trillion in assets under
management, for its approach to climate change disclosure.
For the second time Outokumpu is featured in CDP's "Carbon Disclosure Leadership
Index." This index, a key component of CDP's annual Nordic 200 Report,
highlights the constituent companies within the Nordic stock exchanges, which
have displayed the most professional approach to corporate governance in respect
of climate change disclosure practices. Companies are scored on their climate
change disclosure and high scores indicate good internal data management and
understanding of climate change related issues affecting the company. Outokumpu
was given a score of 86/100.
The index, compiled by Jönköpings International Business School (Jibs) on behalf
of CDP provides an evaluation tool for institutional investors. In 2010, it
comprises 20 constituents of the Nordic 200 Index based on analysis of the
responses to CDP's 2010 questionnaire, which focused on greenhouse gas
emissions, emissions reduction targets and risks and opportunities associated
with climate change.
"Inclusion in the Carbon Disclosure Leadership Index is a welcome recognition
for our corporate governance in respect of climate change. We take seriously
these issues and want to do our share in the shift towards a low-carbon society
- especially by focusing on energy efficiency," said Juha Rantanen, CEO of
Outokumpu Oyj.
Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented:
"The Carbon Disclosure Leadership Index recognizes companies that demonstrate
good internal data management practices for understanding greenhouse gas
emissions, including energy use. Companies that make this index have also
demonstrated clear consideration of how climate change is and will impact their
business. As companies' understanding of climate change issues grows, they are
better placed to take positive action to manage and mitigate its risks."
The Nordic 200 Report including names of companies featured in the Carbon
Disclosure Leadership Index can be found at www.cdproject.net.
For more information please contact:
Tuomas Haikka, Manager - Environment and Energy Efficiency, tel:
+358 9Â 421 4241,
mobile: +358 40Â 749 4218
OUTOKUMPU OYJ
Outokumpu is a global leader in stainless steel with the vision to be the
undisputed number one. Customers in a wide range of industries use our stainless
steel and services worldwide. Being fully recyclable, maintenance-free, as well
as very strong and durable material, stainless steel is one of the key building
blocks for sustainable future. Outokumpu employs some 7 500 people in more than
30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is
listed on the NASDAQ OMX Helsinki. www.outokumpu.com
The Carbon Disclosure Project (CDP) is an independent not-for-profit
organization holding the largest database of primary corporate climate change
information in the world. Thousands of organizations across the world's largest
economies now measure and disclose their greenhouse gas emissions and climate
change strategies through CDP, in order that they can set reduction targets and
make performance improvements. This data is gathered on behalf of 534
institutional investors, with combined assets under management in excess of $64
trillion, as well as purchasing organizations and government bodies and made
available for integration into business and policy decision making.
www.cdproject.net
[HUG#1454341]
ENG Carbon Disclosure Project 22102010:
http://hugin.info/3010/R/1454341/394647.pdf
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Source: Outokumpu Oyj via Thomson Reuters ONE
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