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Corporate Social Responsibility
News
11.09.2004 ET
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Interface Joins Chicago Climate Exchange
(CSRwire) Interface, Inc. today announced that it has become a member of the
Chicago Climate Exchange (CCX), a voluntary, multi-sector market for
reducing and trading greenhouse gas (GHG) emissions. Interface is the
first and only member in the commercial interiors industry to join the
CCX. As a member of the CCX, Interface commits to quantify and report
emissions from the manufacture of its products in North America. Interface
also agrees to further voluntarily reduce its GHG emissions as one of
several steps the company is taking towards becoming a climate neutral
company.
The CCX requires members to reduce GHG emissions each year for a minimum
of four years and CCX members can meet their reduction commitments by
making on-site emission reductions or buying credits on the CCX market.
Members who reduce emissions beyond stated goals are able to sell their
reductions on the Exchange. Interface joins the World Resources Institute,
Rocky Mountain Institute, Green Mountain Power, Ford Motor Company,
International Paper and numerous others in this effort.
"We are proud to be joining the Chicago Climate Exchange," said Michael D.
Bertolucci, president, Interface Research Corporation and senior vice
president, Interface, Inc. "Doing so is very much in keeping with the path
that we have laid out for reaching sustainability on seven key
fronts--specifically our goals for eliminating all harmful emissions. We
strive to lead others forward through the power of our influence by
supporting those voluntary initiatives that are focused on the creation of
economically viable, market-based solutions for averting global climate
change."
"As we continue to diversify our membership, I am pleased to have
Interface join CCX," said Dr. Richard L. Sandor, chairman and CEO of CCX.
"They represent a new sector in our Exchange and are an innovator in
environmentally responsible products. I applaud Interface for their
forward thinking and look forward to their contributions to CCX."
Interface, now celebrating its 10th year on the journey to sustainability,
considers global climate change to be a key strategy for reaching its goals
for preserving the earth for future generations. The company participates
in a number of climate change initiatives at the global, national and
local levels, and 2004 has brought many exciting opportunities. Interface
won the U.S. Environmental Protection Agency's 2004 Climate Protection
Award for its climate neutral products and programs. The honor was
received primarily for Interface's Cool Carpet option which allows
Interface customers throughout the world to purchase climate neutral
flooring products with a guarantee that all of the GHG emissions for the
full life cycle of the products have been offset with certified emission
reduction credits (ERCs).
In September, Bentley Prince Street, a California-based subsidiary of
Interface, Inc., became the first company of the year to certify its
greenhouse gas (GHG) emissions inventory with the California Climate
Action Registry. In April, Interface Europe joined British Prime Minister
Tony Blair and key U.K. business leaders to form The Climate Group, a
nonprofit organization that is pooling the experience of business,
governments and other organizations responding to the issue of global
climate change.
Interface is a member of the Pew Center on Global Climate Change's
Business Environmental Leadership Council (BELC), through which the
company has set global targets for emissions reductions and increased
usage of renewable energy. Interface is also a charter partner in the U.S.
EPA's Climate Leaders program.
The Chicago Climate Exchange (CCX) is the first voluntary North American
market for reducing and trading greenhouse gases. The CCX covers emission
sources and offset projects in the U.S., Canada, Mexico and Brazil. The
CCX was created to provide members from the private and public sector with
cost effective methods for reducing their GHG emissions by building and
operating a market-based emission reduction and trading program that is
flexible, has low transaction costs and rewards strong and innovative
environmental projects. It is designed to allow entities from the public
and private sectors to use market-based mechanisms to account for GHG
emissions reductions. CCX enables participants to receive credit for
reductions and to buy and sell credits as a means of finding the most
cost-effective way of achieving reductions.
Atlanta-based Interface, Inc. (NASDAQ: IFSIA), is a global leader in the
manufacture of environmentally-responsible floorcoverings and other
textiles, through business units including Bentley Prince Street,
Interface Fabrics, Interface Flooring Systems, InterfaceFLOR, Interface
Europe and Interface Asia-Pacific. The company is committed to giving the
marketplace a wide range of choices for specifying Earth-friendly and
certified environmentally preferable products (EPP). Interface introduced
the industry's first climate neutral carpet, Cool Carpet, as well as
the only carpet product to be designed using biomimicry, the i2
collection from Inter face Flooring Systems. The company introduced a
residential carpet product (InterfaceFLOR) created from the
bio-based, plant-derived fiber, Ingeo. Interface Fabrics offers the
Terratex(R) brand of commercial fabrics, the first to be made of 100% post
consumer and post industrial recycled polyester and wool; now also
available with bio-based Ingeo fibers. For more information on Interface's
environmental initiatives, visit these web sites:
www.interfacesustainability.com
www.terratex.com
Ingeo is a registered trademark of Cargill Dow LLC.
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