Johnson Controls (NYSE: JCI) today announced its inclusion in two new Maplecroft Climate Innovation Indexes (Maplecroft CIIs) that identify top performers in climate-related innovation and carbon management. The Maplecroft CIIs launched in January 2010 on the BLOOMBERG PROFESSIONAL® service.
"The Maplecroft Climate Innovation Indexes will empower investors to identify and direct capital toward companies that are both developing climate-solutions and delivering sustained economic growth," said Professor Alyson Warhurst, chief executive officer of Maplecroft. "We particularly rated highly innovations like the Johnson Controls new hybrid car batteries".
Johnson Controls ranked fifth on the Maplecroft CII Benchmark, which includes 318 of the largest U.S. companies engaged in public climate-related programs. The company also ranked fifth on the Maplecroft CII Leaders, which includes the 100 top performing companies from the Maplecroft CII Benchmark.
"Johnson Controls' commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat," said Charles Harvey, vice president, Diversity and Public Affairs. "Since then, our employees around the world have continued to deliver shareholder value in ways that support environmental responsibility. We are actively working on renewable energy projects that involve solar, wind and geothermal technologies, and our innovations have reduced carbon dioxide emissions by over 13 million metric tons."
Following an initial climate screen applied to all U.S. companies over US$ 1billion market capitalization, the Maplecroft CIIs rate over 300 of the largest U.S. companies on their climate-related innovation and carbon management programs against more than 100 criteria. Maplecroft rates each stock using numerous public domain sources, including Web sites, sustainability reports, investor presentations, and UN Global Compact Communications on Progress. This is supplemented by third party stakeholder viewpoints and direct engagement with the companies, particularly in the area of innovation. The rating methodology also uses Maplecroft's global risk indices to understand wider climate change risk exposures across the entire footprint of each company.
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