Abercrombie & Fitch has been commended by the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its transparency in reporting how its business operations impact the environment and for its commitment to developing strategies to address those impacts.
For the first time, Abercrombie & Fitch is featured 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 a strong approach to information disclosure regarding climate change. 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.
In addition to a strong transparency score, Abercrombie & Fitch received a carbon performance rating of a 'B', a significant improvement from past performance. This rating indicates that Abercrombie & Fitch recognizes climate change as a priority in its strategy. To support this, Abercrombie & Fitch has published its goal to "reduce GHG emissions for US operations by 8% from 2008-2018" on the A&F Cares website.
The index, compiled by PricewaterhouseCoopers on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. In 2012 it comprises 53 companies chosen from the S&P 500 based on analysis of responses to CDP's questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change.
Abercrombie & Fitch Chairman and CEO, Mike Jeffries, commented, "We are very pleased to be included in the S&P 500 Carbon Disclosure Leadership Index. While we will continue to advance our sustainability programs, it is reassuring and encouraging to have our progress to date affirmed and recognized."
Paul Simpson, chief executive officer of CDP, commented: "Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities."
Abercrombie & Fitch Co. is a leading specialty clothing retailer long known for its quality goods and premium craftsmanship. Based in New Albany, OH, Abercrombie & Fitch Co. operates retail stores and e-commerce websites for four unique lifestyle brands - Abercrombie & Fitch, abercrombie kids, Hollister Co. and Gilly Hicks - in the United States, Canada, the United Kingdom, Europe and Asia.
The Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information.
