Ecolab Inc. (ECL - Free Report) has been included in the 2013 CDP Global 500 Climate Performance Leadership Index (CPLI) and CDP Global 500 Climate Disclosure Leadership Index (CDLI). CDP is the only global environmental disclosure system that studies responses of the world’s largest public companies to a changing climate, and publishes reports on the same.
The annual CDP indices consider those companies listed on the FTSE Global Equity Index Series (Global 500) which undertake steps to reduce carbon emission and nullify the risk of climate change. Furthermore, companies who take up the onus to disclose information regarding climate change are also recognized by way of being included in the CDP indices.
Ecolab was one of the only 56 global companies named in the 2013 CPLI, and one of only 60 global companies named in the 2013 CDLI.
Management acknowledged the honor of being accredited as a global leader by CDP. The recognition marks the company’s honest disclosure practices and its continued commitment toward the improvement of global environmental footprint. Going forward, it seeks to continue its endeavor to meet sustainability goals in more than one million locations worldwide.
Companies that are included in the Climate Disclosure Leadership Index are showing greater concern towards corporate climate accountability. They are also implementing high tech practices for the measurement of greenhouse gas emissions and energy use, and to introduce transparency in their climate change strategies. This is a radical phenomenon, given that the entire world has woken up to the grave issue of global warming and climate change.
Currently, ECL carries a Zacks Rank #3 (Hold). Other stocks that are worth a look in the same industry include Ferro Corp. (FOE - Free Report) , Minerals Technologies Inc. ((MTX - Free Report) ), and Sensient Technologies Corp. (SXT - Free Report) , each of which carries a Zacks Rank #2 (Buy).