Tessy Plastics has been recognized for its climate action achieving a place on global environmental impact nonprofit CDP’s prestigious ‘A List’ for climate change, based on the company’s climate disclosure in 2019.
Tessy was recognized for its actions to cut emissions, mitigate climate risks and develop the low- carbon economy, based on the data submitted by the company through CDP’s 2019 climate change questionnaire. Tessy is one of a small number of high-performing companies out of thousands that were scored.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2019, over 525 investors with over US$96 trillion in assets and 125 major purchasers with US$3.6 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform and over 8,400 responded.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that do not disclose or provide insufficient information are marked with an F.
Tessy Plastics Vice President and General Manager, Joe Raffa, states, “When looking back on our first CDP submission in 2010, it is amazing to see the progress that we have made over the past nine years. Now, we have received an ‘A’ rating for the second year in a row and I could not be more proud. Our Environment Health and Safety team has worked diligently in compiling the data to uphold our commitment to lowering emissions and preserving the environment. I look forward to continuing these sustainability efforts, and hope that more companies contribute to the Carbon Disclosure Project in the future.”
Bruno Sarda, President of CDP North America, shared her excitement for Tessy’s recognition. “Congratulations to Tessy for earning a spot on this year’s Climate A List – they are a model for true corporate sustainability leadership,” she said. “Climate change is an undeniable business risk if unaddressed and we must transition to a low- carbon economy now to avoid the worst impacts. A List companies know sustainability presents an exciting race to the top, an opportunity to innovate and rethink business as usual, proving that environmental responsibility simply makes good business sense.”
The Climate Change A List is published by CDP each year, alongside the A Lists for leadership on protecting forests and water security.
The full list of companies that made this year’s CDP Climate Change ‘A’ List are available here.
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