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Chicago Climate Exchange® (CCX®), a Climate Exchange plc company, announced today it is partnering with the Carbon Disclosure Project (CDP) on efforts related to emissions disclosure and greenhouse gas management as CDP’s exclusive Global Exchange Partner.
“CDP has done so much to help investors make well informed decisions and to elevate the discussion on the need to manage greenhouse gas emissions from a business perspective,” said CCX Chairman and founder Richard L. Sandor. “Through our new partnership with CDP, we will further efforts to cost-effectively and meaningfully reduce emissions.”
CEO and co-founder of the Carbon Disclosure Project Paul Dickinson said “CCX and the Climate Exchange companies are playing a vital role globally in the development of carbon trading as a mechanism to drive emissions reductions. Through our partnership, we will provide policy makers and the marketplace with new insights into how good measurement, reporting and carbon management not only cuts emissions, but also unlocks the key to significant commercial opportunities for companies and investors alike.”
As CDP’s exclusive Global Exchange Partner, CCX will also join CDP in producing a white paper on managing greenhouse gas emissions and the associated commercial and revenue opportunities for economic entities in China. In 2008, CCX established the Tianjin Climate Exchange (TCX), a joint venture with Chinese National Petroleum Corporation Asset Management Company and the city of Tianjin, and the first integrated environmental emissions reduction, management and trading platform in China.
The Carbon Disclosure Project is an independent not-for-profit organization which holds the largest database of corporate climate change information in the world. The data is obtained from responses to CDP’s annual Information Requests, issued on behalf of institutional investors, purchasing organizations and government bodies.
Sandor also serves as Executive Chairman of Climate Exchange plc. Climate Exchange plc owns CCX, including the CCX-subsidiary Chicago Climate Futures Exchange® (CCFE®), as well as the European Climate Exchange (ECX). Climate Exchange plc is a publicly traded company listed on the AIM division of the London Stock Exchange (CLE.L).
