Johnson Controls, a global diversified company in the building and automotive industries, today announced its inclusion in two Maplecroft Climate Innovation Indexes (Maplecroft CIIs) that identify top performers in climate-related innovation and carbon management.
Johnson Controls ranked third on the Maplecroft CII Benchmark, which includes 346 of the largest U.S. companies engaged in climate related initiatives. The company also ranked third on the Maplecroft CII Leaders, which includes the 100 top performing companies from the Maplecroft CII Benchmark. Inclusion in these indexes demonstrates superior management, mitigation and adaptation in the field of Climate Innovation.
“The third place ranking of Johnson Controls in the CIIs is mainly driven by its strong commitment to technological innovation,” states Maplecroft CEO, Alyson Warhurst. “Its development of advanced battery systems to improve fuel efficiency in cars, along with data management technology to help customers reduce and track energy use and GHG emissions across their operations, were important factors in its rating. The company, which is a sector leader in the CIIs, is also actively involved in more than 500 renewable energy projects involving solar, wind, geothermal and biomass technologies.”
“Johnson Controls’ commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat,” said Stephen A. Roell, chairman and chief executive officer of Johnson Controls. “Our employees around the world continuously innovate in ways that support environmental responsibility. In addition to renewable energy projects, our energy savings performance contracting projects have reduced carbon dioxide emissions by over 17.8 million metric tons since 2000.”
The Maplecroft Climate Innovation Indexes (CIIs) are the single most exhaustive study of the USA’s largest multinational companies and how they manage and adapt to climate change, with a special focus on innovation. Maplecroft rated each company against more than 100 criteria, including: technological innovation and new working practices to combat climate change impacts; management of climate-related issues; adaption to physical climate-related risks, such as flooding or more extreme weather events throughout the supply chain; and, the reduction of greenhouse gas emissions.
Maplecroft rates each stock using numerous public domain sources, including Web sites, sustainability reports, investor presentations, and UN Global Compact Communications on Progress. This is supplemented by third party stakeholder viewpoints and direct engagement with the companies, particularly in the area of innovation. The rating methodology also uses Maplecroft’s global risk indices to understand wider climate change risk exposures across the entire footprint of each company.