Entergy Honored for Excellence in Climate Change Strategy,

Named to the Climate Leadership Index for Third Year in a Row


Sep 26, 2006 - PR Newswire
 

NEW ORLEANS, Sept. 26 /PRNewswire-FirstCall/ -- Entergy Corp. (NYSE: ETR) was honored as "Best in Class" for its approach to climate change in a report released last week by the Carbon Disclosure Project, a coalition of global investors with more than $31.5 trillion in assets.

 

The CDP report is a survey of the world's 500 largest companies regarding climate change. In the report, Entergy was included in the "Climate Leadership Index," a prestigious index for global corporations addressing the challenges of global warming.

 

The Climate Leadership Index is comprised of companies that showed distinction in their responses to the Carbon Disclosure Project survey based on their reporting of greenhouse gas emissions and an independent assessment of Entergy's climate change strategies.

 

"We are proud to be recognized for our efforts by the leaders of the fight against climate change," said J. Wayne Leonard, chairman and CEO of the Entergy Corporation. "For Entergy, in the short run, continued global warming means coastal erosion and conditions that endanger our communities and our customers. In the long run, no one can predict with any degree of accuracy how much hardship and devastation climate change could mean to future generations. Fighting for what's right, particularly for those who are unable or not around to defend themselves, is not only a business decision, it is who we are as a company."

 

Candidates for the Climate Leadership Index were assessed relative to their peers in 10 highest carbon-impact clusters. CDP used a proprietary carbon risk model to analyze the net carbon exposure of all industry sectors represented in the Financial Times 500. On the basis of this analysis, it selected the 10 industry clusters with the highest exposure to carbon risks and opportunities. The methodology used to score company responses to CDP4 can be found in Appendix II of the online report, which is available at http://www.cdproject.net .

 

Entergy was judged among the best in the utility sector. Climate Leadership Index members in this sector were distinguished by their strategic awareness of the risks and opportunities of a carbon constrained environment, as well as the quality and effectiveness of programs put in place to reduce overall greenhouse gas emissions.

 

"Entergy has set itself apart by enacting a commendable response to global climate change," said CDP Coordinator, Paul Dickenson. "The global investment community is keenly aware of the risks associated with climate change and hope corporations such as Entergy provide a solid example for others in its peer group to follow."

 

The Carbon Disclosure Project is a special project of Rockefeller Philanthropy Advisors in New York. The group of investors is not a legal entity and the Carbon Disclosure Project has no authority to make any other statement on behalf of the participants. Full details on CDP, the CDP reports and the responses from corporations can be found at http:// www.cdproject.net .

 

Entergy Corporation is an integrated energy company engaged primarily in electric power production, retail distribution operations, energy marketing and trading, and gas transportation. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $10 billion and approximately 14,000 employees.

 

Entergy's online address is http://www.entergy.com

 

SOURCE Entergy Corporation

 

 


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