04 September 2009
AGL Energy Limited has been recognised as one of the world’s leading electric utilities in sustainability performance by being named on the global Dow Jones Sustainability World Index (DJSI World).
AGL was the only Australian company to be named among the 13 companies worldwide which make up the electric utilities section of the DJSI World.
AGL was also named on the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific).
The DJSI is based on sustainability investment specialist SAM's corporate sustainability assessment, which identifies global sustainability leaders on the basis of economic, environmental and social criteria.
The DJSI follows a best-in-class approach and includes sustainability leaders from each industry on a global and regional level. The annual DJSI review analyses corporate economic, environmental and social performance.
AGL’s score on the DJSI World was nearly 50% higher than the average score across all 110 electric utilities under consideration. Of the final 13 selected, AGL’s final score was more than 10% higher than the threshold score.
AGL’s Chief Economist and Group Head of Corporate Affairs, Paul Simshauser, said AGL was one of just 20 Australian firms named among the 317 global companies which make up the DJSI World.
“This consolidates AGL's position as Australia's leading sustainable company in the energy sector,” Dr Simshauser said.
“Sustainability is central to everything AGL does. We are Australia's leading integrated renewable energy company and have positioned ourselves well for a carbon constrained future.
“This was recognised this year with AGL ranked third in the world in relation to carbon disclosure by electric utilities (Carbon Disclosure Project).”
He said all aspects of sustainability – economic, environmental and social – would continue to be equally important as Australia moved towards a carbon constrained future with an increasing focus on renewable and other more expensive energy resources.
“AGL is Australia’s largest privately owned renewable energy generator and the only company to have disclosed in detail the financial impacts of proposed climate change policies to our business.
“AGL expects to invest about $7 billion in renewable energy development in the next decade.
“AGL has also demonstrated long-term value by working with our customers, suppliers and the community through our Energy for Life, Warmth in Winter and other social initiatives,” Dr Simshauser concluded.
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