FALLS CHURCH, Va., Nov. 10, 2015 -- Northrop Grumman Corporation (NYSE:NOC) has been recognized by the Carbon Disclosure Project (CDP) for reducing greenhouse gas (GHG) emissions and the disclosure of climate change risks and opportunities, management strategy and governance for the fourth consecutive year.
Northrop Grumman achieved a perfect â 100/100 â disclosure score, reflecting the completeness of the company's climate change management program, from governance and strategy to the GHG inventory. Northrop Grumman received an A- for performance, marking the fifth consecutive GHG inventory for which the company achieved "Reasonable Assurance" via third-party verification, the highest assurance level under ISO 14064-3, a universally-recognized GHG verification standard.
"The sustained leadership Northrop Grumman exhibits on climate change management reflects our commitment to environmental sustainability and we welcome this recognition," said Mark Caylor, corporate vice president, president of Enterprise Services and chief strategy officer, Northrop Grumman. "Environmental sustainability provides strategic and tactical value, and benefits our shareholders, customers, employees and the communities where we operate."
Northrop Grumman's sustainability program, greeNG, balances energy and resource use reductions with alternative and renewable technology to achieve emissions reductions. In addition to GHG reduction, the company has committed to additional 2020 goals to reduce absolute water use by 20 percent from 2014 levels and achieved a 70 percent solid waste diversion rate.
CDP is backed by 822 institutional investors representing more than $95 trillion in assets. In 2014, over 4,500 companies across more than 80 countries disclosed their environmental performance through CDP, which holds the largest collection of self-reported climate change, water and forest-risk data. CDP disclosure scores and performance ratings are published on Bloomberg terminals and are accessed by investment analysts world-wide.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
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