Sprint among 53 Companies Named on CDP’s S&P Fortune 500 Leadership Index
WASHINGTON (BUSINESS WIRE), September 21, 2010 - Sprint Nextel [NYSE:S] today announced it has been named as one of 53 leading companies in the 2010 Carbon Disclosure Project “Carbon Disclosure Leadership Index.” This index, a key component of CDP’s annual S&P 500 Report, highlights the constituent companies within the S&P 500 Index that have displayed the most professional approach to corporate governance in respect to climate change disclosure practices.
The Carbon Disclosure Leadership Index scores companies on their climate change disclosure; high scores indicate good internal data management and an understanding of climate-change-related issues affecting the company. Sprint is recognized for its strong understanding and management of company-specific exposure to climate-related risks and opportunities; for its strategic focus and commitment to understanding the business issues related to climate change, emanating from the top of the organization; its ability to measure and manage the company’s carbon footprint; as well as for its regular and relevant disclosure to key corporate stakeholders.
“Sprint is honored by CDP’s recognition of our corporate responsibility and environmental sustainability efforts,” said Sprint CEO Dan Hesse. “We are committed to helping to reduce the wireless industry’s environmental footprint by examining and implementing new ways to reduce our greenhouse gas emissions, to green our facilities, to develop a more eco-friendly supply chain, and by offering eco-friendly products and services to our customers. Sprint thanks the CDP for continuing to inspire a variety of industries to lead us to a more sustainable future.”
Sprint remains the only U.S. telecom company to set clear and measurable environmental sustainability targets and goals; publicly pledging to reduce its greenhouse gas (GHG) emissions by an absolute 15 percent and to increase its use of renewable energy to 10 percent by 2017. Sprint has already made substantial progress toward these goals. As of the end of 2009, Sprint reduced its GHG emissions by 9.6 percent, or 62 percent of the total goal for 2017. Sprint’s renewable energy initiatives include wind, solar, hydrogen fuel cells and geothermal power. Wind power provided more than 90 percent of the electrical energy needed for Sprint headquarters’ Overland Park, Kan. campus in 2009. This wind power purchase provided a reduction of 87,519 metric tons of C02 equivalents in 2009, and according to the EPA GHG equivalencies calculator, is the equivalent of:
Sprint also has one of the largest deployments of hydrogen fuel cells within the U.S. wireless industry. Beginning in 2005, Sprint deployed more than 200 early generation fuel cells to wireless network cell sites in largely hurricane-prone areas. In April 2009, Sprint was awarded a $7.3 million grant from the U.S. Department of Energy (DOE) to support the company’s efforts to demonstrate the economic and operational viability of 72-hour fuel-cell systems as a cleaner, more renewable alternative to diesel-powered back-up generators that could be deployed across a variety of industries. The DOE grant is helping Sprint double the number of existing hydrogen fuel cells deployed across the nation by the end of 2011. As of August 2010, Sprint has deployed more than 250 fuel cells as back-up power sources to cell sites across the U.S.
In 2009, Sprint scored highest among U.S.-based wireless companies on the Carbon Disclosure Project’s (CDP) 2009 Global 500 Report.
According to Paul Dickinson, chief executive of the Carbon Disclosure Project, “The Carbon Disclosure Leadership Index recognizes 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 CDP, which represents 534 institutional investors with $64 trillion in assets under management, releases the index annually as an evaluation tool for institutional investors. In 2010, the Carbon Disclosure Leadership Index comprises 53 constituents of the S&P 500 Index based on analysis of the responses to CDP’s 2010 questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change. The index is compiled by PricewaterhouseCoopers (PwC) on behalf of CDP.
The S&P 500 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.
Sprint continues to research and implement a variety of solutions to better measure the effects of its environmental programs and initiatives, as well as to continue to reduce its environmental footprint. For more information on Sprint programs that protect the environment, go to www.sprint.com/responsibility, or follow @SprintGreenNews on Twitter.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations 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 organizations and government bodies and made available for integration into business and policy decision making. For more information visit www.cdproject.net.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 48.1 million customers at the end of the second quarter of 2010 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, Common Cents Mobile and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. With its customer-focused strategy, you can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
Sarabeth Patch, 703-689-8797