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DTE Deutsche Telekom AG

28.95
-0.24 (-0.82%)
20 Dec 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Deutsche Telekom AG TG:DTE Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.24 -0.82% 28.95 28.90 29.00 29.11 28.71 29.11 586,149 22:50:02

DTE Energy Commended for Climate-Change Disclosure

22/09/2009 5:00pm

PR Newswire (US)


Deutsche Telekom (TG:DTE)
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From Dec 2019 to Dec 2024

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DETROIT, Sept. 22 /PRNewswire/ -- DTE Energy has been commended by the Carbon Disclosure Project (CDP), which represents 475 institutional investors with $55 trillion in assets under management, for its approach to climate change disclosure. For the first time since beginning participation in the Carbon Disclosure Project in 2006, DTE Energy is featured in CDP's "Carbon Disclosure Leadership Index." This index highlights companies within the S&P 500 Index that have displayed the most professional approach to corporate governance in respect to 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 issues. The index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, provides an evaluation tool for institutional investors. It comprises 50 constituents of the S&P 500 Index 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. "It is gratifying to be recognized as a leader in climate-change disclosure practices because we firmly believe that our shareholders and potential investors should expect that level of transparency from our company," said DTE Energy Chairman and CEO Anthony F. Earley Jr. "Clearly, climate-change issues are important for our company and our industry and we are engaged in initiatives on several fronts to reduce the carbon intensity of our operations in ways that provide opportunities to strengthen and grow our business. These initiatives include development of renewable energy resources, research into carbon capture and storage, energy efficiency programs for our customers, development of carbon offsets through forestation projects and other innovative programs and plans for a new nuclear power plant." Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented: "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. " The S&P 500 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at http://www.cdproject.net/. About DTE Energy: DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its largest operating units are Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan, and MichCon, a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio of businesses also includes non-utility energy businesses focused on power and industrial projects, coal and gas midstream, unconventional gas production and energy trading. In 2008, DTE Energy posted revenues of approximately $9.3 billion. Information about DTE Energy is available at http://www.dteenergy.com/. About CDP: The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest database of corporate climate change information in the world. CDP gathers data through its annual Information Requests on behalf of institutional investors, purchasing organisations and government bodies. Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing essential climate change data to the global market place. Investor CDP represents some 475 institutional investors, with combined assets under management in excess of $55 trillion. CDP also works with private and public sector organizations to facilitate the collection of climate change data from their supply chains, as well as with local government to drive emissions reduction and sustainable development in key cities around the world. More than 2,500 major corporations around the globe report their greenhouse gas emissions and the risks and opportunities posed by climate change through CDP. The Carbon Disclosure Project is a Registered Charity (no. 1122330). In the United States, CDP's sponsor liaison is Rockefeller Philanthropy Advisors, which provides CDP with 501(c )3 charitable status. DATASOURCE: DTE Energy CONTACT: John Austerberry, +1-313-235-8859, or Lorie N. Kessler, +1-313-235-8807, both of DTE Energy Web Site: http://www.dteenergy.com/

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