6.24.2008 - 08:20am ET

(CSRwire) NEW YORK, June 24, 2008 (PRIME NEWSWIRE) -- The Carbon Disclosure Project (CDP), a collaboration of 385 institutional investors with assets under management of US$57 trillion, today announced the appointment of PricewaterhouseCoopers as its global adviser.

CDP is the world's largest investor collaboration on climate change.Each year CDP sends out a request to over 3,000 companies globally on behalf of investors including Merrill Lynch, Goldman Sachs, Allianz, ANZ, Banco do Brazil, Mitsubishi UFJ, AIG Investments, The RBS Group and HSBC. The request asks companies to measure and disclose their greenhouse gas emissions and report on their strategy for dealing with risks and opportunities associated with climate change.

PricewaterhouseCoopers will analyze company responses to CDP to produce the flagship CDP report on the Global 500 companies, together with the CDP reports on the US S&P500, the UK FTSE 350, as well as the report on the ground-breaking Supply Chain Leadership Collaboration.

PricewaterhouseCoopers will also work with CDP as a strategic adviser, offering support and expertise on areas such as carbon emissions and climate risk reporting, carbon accounting systems and data verification.

Paul Dickinson, CEO of CDP said: "This is an important step for CDP.
The expertise PricewaterhouseCoopers has in evaluating carbon risk and opportunity will be invaluable in providing new insight and analysis through CDP reports. Their expertise will also help in driving forward CDP's goals to work with companies globally to measure, disclose and reduce corporate greenhouse gas emissions."

Tom Craren, U.S. Thought Leadership and Brand Leader at PricewaterhouseCoopers, said, "Climate change has become an important strategic issue in boardrooms around the world. Carbon emissions increasingly impact the value, risk, and long-term growth potential for businesses in virtually every industry. That awareness is creating opportunities to develop strategic programs that increase shareholder value, while also driving down carbon emissions. Our work with the CDP will help to shape the future of management strategies and reporting in an increasingly carbon constrained environment."

Editor Notes:

CDP is an independent not-for-profit organization which was established in 2000 to facilitate dialogue between companies and investors, supported by quality information, from which a rational response to climate change will emerge. Carbon Disclosure Project is a UK Registered Charity no. 1122330. A company limited by guarantee registered in England no. 05013650. It is also a special project of Rockefeller Philanthropy Advisors in New York, with 501(c)3 charitable status. For more information on CDP please go to www.cdproject.net.

PricewaterhouseCoopers Global

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

'PricewaterhouseCoopers' refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.

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