MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in commercial transportation and
supply chain management solutions, announced today that it has been
recognized for its leadership by the Carbon Disclosure Project (CDP),
which represents 551 institutional investors with $71 trillion in assets
under management, for its approach to carbon
disclosure.
Ryder has been recognized for the first time in CDP’s “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
which have displayed the most professional approach to corporate
governance regarding carbon disclosure practices. Companies are scored
on their disclosure and high scores indicate good internal data
management and understanding of the environmental-related issues
affecting the company. This year’s Carbon Disclosure Leadership Index
includes the top scoring 10 percent of S&P 500 companies.
The index, compiled by PwC on behalf of CDP provides an evaluation tool
for institutional investors and other stakeholders. In 2011, it
comprises 55 companies from the S&P 500 Index based on analysis of the
responses to CDP’s questionnaire, which focused on greenhouse gas
emissions, emissions reduction targets and related risks and
opportunities.
“Environmental management plays a key role in Ryder’s business and is
part of our strategy to reduce risk, drive operational efficiencies, and
deliver value to our transportation and supply chain customers,” stated
Bob Fatovic, Executive Vice President and Chief Legal Officer for Ryder.
“Our deep understanding of the environmental risks and opportunities
that affect our business, as well as our internal oversight and
controls, enable us to maintain high standards for corporate governance
and disclosure around Ryder’s approach to energy usage and carbon
control.”
Ryder has voluntarily participated annually in the CDP
for the past four years and has consistently improved its CDP score each
year, receiving a 50 in 2008, 61 in 2009, 68 in 2010, and an 83 in 2011.
CDP scores are normalized to a 100 point scale. Ryder’s 2011 score of 83
places the company in the “High” score category, indicating senior
management understanding of environmental-related business issues and
building environmental risks and opportunities into core business
decisions.
Paul Simpson, chief executive officer of the Carbon Disclosure Project,
commented, “Companies that make the Carbon Disclosure Leadership Index
have demonstrated good internal data management practices for
understanding greenhouse gas emissions. They have shown a strong
awareness of the business issues related to climate change, including
climate-related risks and opportunities. Those organizations that give
clear consideration to measuring and reporting on climate change issues
will be best placed to capitalize on the opportunities from managing
them.”
The S&P 500 report including names of companies featured in the Carbon
Disclosure Leadership Index can be found at www.cdproject.net.
About Ryder
Ryder is a FORTUNE 500® commercial transportation, logistics and supply
chain management solutions company. Ryder’s stock (NYSE:R) is a
component of the Dow Jones Transportation Average and the Standard &
Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder
as a top third party logistics provider and included Ryder in its 2010
and 2011 “Green Partners” listing. Ryder also ranked 114 out of the top
500 U.S. companies and sixth in its industry sector in the 2010 Newsweek
Green Rankings. Ryder is a charter member of the NGV Fleet Forum and a
member of the Department of Energy’s National Clean Fleets partnership.
Ryder is also a proud member of the American Red Cross Annual Disaster
Giving Program, supporting national and local disaster preparedness and
response efforts. For more information on Ryder System, Inc., visit www.ryder.com.
About CDP
The Carbon Disclosure Project (CDP) is an independent not-for-profit
organization holding the largest database of primary corporate climate
change and water information in the world. Some 3,000 organizations
across the world’s largest economies now measure and disclose their
greenhouse gas emissions and assessment of climate change risk and
opportunity through CDP, in order that they can set reduction targets
and make performance improvements. This data is gathered on behalf of
551 institutional investors, holding US$71 trillion in assets. For more
information visit www.cdproject.net.

Source: Ryder System, Inc.
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