11 October 2010 TUI Travel PLC has been ranked 6th in the FTSE 350 Carbon Disclosure Leadership Index [CDLI] for its approach to carbon disclosure.
For the third consecutive year TUI Travel is featured in the Carbon Disclosure Project (CDP). This year TUI Travel has received a carbon disclosure score of 90 which is a 27% improvement on last year’s score (71) and places TUI Travel in the top quartile of the CDLI. TUI Travel is the only tour operator to be featured in the CDLI this year.
The CDLI index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, highlights companies within the FTSE 350 Index 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. The index is used by institutional investors as an evaluation tool.
Peter Long, Chief Executive, TUI Travel PLC, commented:
"We are delighted once again to be recognised for our good corporate governance in respect of carbon management and the progress we have made this year. We have a firm commitment to manage our environmental footprint from the Board level down. We have been putting measures in place to reduce our current and future carbon emissions. Our goal is to reduce our direct carbon emissions by 6% by 2013/14."
Paul Dickinson, Executive Chairman of the Carbon Disclosure Project, commented:
"The Carbon Disclosure Leadership Index recognises 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 CDLI index provides a key component of CDP’s annual FTSE 350 Report. Within CDP's Consumer Discretionary 2010 report, TUI Travel's Carbon disclosure score is the highest out of the FTSE 350 respondents.
The FTSE 350 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net
To view TUI Travel PLC’s 2009 sustainable development report visithttp://sd2009.tuitravelplc.com/tuisd2009/en/home
Press enquiries: Jane Ashton, Group Head of Sustainable DevelopmentTel: 01293 645 911Michelle Jeffery, Corporate CommunicationsTel: 01293 645 700
About TUI Travel PLC
TUI Travel PLC is the world’s leading international leisure travel group operating in approximately 180 countries worldwide. It serves more than 30 million customers in over 27 source markets. Headquartered in the UK, the Group employs approximately 50,000 people and operates a pan-European airline consisting of 143 aircraft. The company is organised and managed through four business Sectors: Mainstream, Specialist & Activity, Accommodation & Destinations and Emerging Markets. In the financial year ended 30 September 2009 TUI Travel had revenues of £13.9bn and an underlying profit before tax of £366m. For more information visit www.tuitravelplc.com
The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest database of primary corporate climate change information in the world. Thousands of organisations 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 organisations and government bodies and made available for integration into business and policy decision making. For more information visit www.cdproject.net