All State Insurance Company (NYSE:ALL) recently announced it has been named to the Carbon Disclosure Project's (CDP) 2009 Carbon Disclosure Leadership Index, a list of the top companies demonstrating industry leading climate change disclosure practices.
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The index is a key component of CDP's annual S&P 500 report with high scores indicating good internal data management and understanding of climate change related issues affecting the company. Compiled by PricewaterhouseCoopers on behalf of CDP, the 2009 Carbon Disclosure Leadership Index is intended to provide an evaluation tool for institutional investors. It comprises the top scoring 50 companies of the S&P 500 based on analysis of the responses to CDP's 2009 Questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change Allstate was also named in the Carbon Disclosure Leadership Index for CDP's “Global 500 “report which highlights the constituent companies within the FTSE Global 500 Index that meet the same criteria as the S&P index."Allstate's focus on disclosure is the right thing to do and also makes good business sense for the company," said Vicky Dinges, Assistant Vice President, Public Social responsibility for Allstate. "This honor is something our customers, investors, employees and agents can all feel good about.”Companies recognized in the Carbon Disclosure Leadership Index are rewarded for high quality responses to CDP, which demonstrate a good understanding of how climate change is and will continue to impact their business. Companies which control their risks today, manage their emissions and seize the opportunities to produce low carbon goods and services, will be the best placed to prosper in a low carbon economy of the future," commented Paul Dickinson, Chief Executive of the Carbon Disclosure Project.
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