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PG&E Named to Prestigious Climate Change Disclosure List

11/16/2015

SAN FRANCISCO--(BUSINESS WIRE)-- Pacific Gas and Electric Company (PG&E) has been named to the S&P Climate Disclosure Leadership Index (CDLI) by the CDP, an international not-for-profit that represents 822 institutional investors with $95 trillion in assets. PG&E earned a perfect 100 score from the organization and was one of only four U.S. utilities to make the list.

The news comes three weeks ahead of the United Nations climate talks in Paris, where national leaders will meet to negotiate a global agreement on reducing carbon emissions and addressing the environmental and economic threats from climate change.

“PG&E is honored that its continuing work on climate change has been recognized. Our company has long been dedicated to reducing our carbon footprint and to reporting our progress in a clear and transparent manner. We remain committed to building on these efforts and helping California make the transition to a low-carbon energy economy as quickly as possible,” said Melissa Lavinson, PG&E’s chief sustainability officer and vice president of federal affairs and policy.

The CDLI highlights the companies within the S&P 500 Index that have displayed a strong approach to information disclosure regarding climate change. For the fifth time, PG&E earned its position on the index by disclosing high quality carbon emissions and energy data through CDP’s climate change program. The reported data was independently assessed against CDP’s methodology and scored on a 100-point scale. Those organizations graded within the top 10 percent constitute the CDLI.

“As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index,” said Paul Dickinson, executive chairman and co-founder of CDP.

PG&E delivers some of the nation’s cleanest energy. In fact, the carbon dioxide emissions rate from the company’s delivered electricity is about two-thirds cleaner than the national utility average. More than 55 percent of the electricity the utility delivers to its customers comes from renewable or greenhouse-gas-free resources.

In October, PG&E Corporation Chairman, CEO and President Tony Earley was among corporate leaders at the White House who announced new pledges to reduce greenhouse gases and address the impact of climate change. Beyond adding even more renewable energy, PG&E’s focus continues to be on encouraging energy efficiency, supporting rooftop solar, making investments in smarter energy infrastructure and pushing for broader adoption of electric vehicles.

CDP’s annual global climate change report, along with the climate scores of all companies publicly taking part in CDP’s climate change program this year, is available on CDP’s website.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.

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Source: Pacific Gas and Electric Company

Pacific Gas and Electric Company

Tom Schmitz, 415-973-5930

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