|
Corporate Social Responsibility
News
6.05.2007 - 02:04pm ET
|
CSR News from:
|
|
|
News Categories: |
| | |
Motorola Renews and Expands Its Membership in Chicago Climate Exchange
First company to join CCX for global corporate emissions reductions
(CSRwire) CHICAGO — June 5, 2007 — Motorola, Inc. (NYSE: MOT) has renewed and
expanded its membership in the Chicago Climate Exchange (CCX®), the
world’s first and North America’s only voluntary but legally binding
greenhouse gas emissions reduction, registry and trading system. By
becoming a Phase II CCX member, Motorola has committed to tracking and
reporting greenhouse gas emissions and to achieving a 6 percent reduction
in its greenhouse gas emissions by 2010 below a year 2000 baseline.
Motorola also has become the first member of CCX to include in its
commitment all of its worldwide manufacturing sites that currently are not
covered under the regulatory emissions reduction requirements of the Kyoto
Protocol signatories and the European Union Emissions Trading Scheme
(EUETS). The CCX commitment will include sites in Brazil, China, India,
Israel, Malaysia, Mexico, Singapore, Taiwan and the United States, thus
making Motorola the first global member of CCX.
CCX establishes a legally binding reduction commitment. Members that
reduce emissions beyond the commitment may sell surplus allowances to
other members. Participants that do not meet reduction commitments must
buy allowances to achieve compliance.
"Motorola is working proactively to manage our impact on climate change by
reducing our carbon footprint, using renewable energy and reducing our
products’ energy usage," said Jodi Shapiro, vice president of
environment, health and safety for Motorola. "We value the CCX’s
innovative, collective approach to addressing climate change and believe
Motorola can make a bigger impact when we work together with others."
A CCX founding member, Motorola’s objective is to be highly energy
efficient and to use renewable energy wherever practical to reduce its
carbon footprint. Motorola is the first major cell phone manufacturer to
redesign all its new mobile phone and accessory chargers (external power
supplies) to be ENERGY STAR-qualified. Since voluntarily signing the
European Union "code of conduct on energy efficiency of external power
supplies" in 2000, Motorola has reduced the average standby power of its
chargers by at least 70 percent.
"We proudly welcome Motorola’s decision to continue its membership in
CCX and highlight their path-breaking decision to include their global
sites not already subject to a regulatory reduction structure," said Dr.
Richard L. Sandor, CCX’s chairman and CEO. "This shows their leadership
and vision, which is consistent with their many environmental initiatives
throughout the years, including their role as a founding member of CCX.
The use of the CCX Registry and Trading Platform for a global company
shows CCX’s capacity to address the challenge of climate change from a
global standpoint."
About Motorola
Motorola is known around the world for innovation and leadership in
wireless and broadband communications. Inspired by our vision of seamless
mobility, the people of Motorola are committed to helping you connect
simply and seamlessly to the people, information and entertainment that
you want and need. We do this by designing and delivering "must have"
products, "must do" experiences and powerful networks — along with a
full complement of support services. A Fortune 100 company with global
presence and impact, Motorola had sales of US $42.9 billion in 2006. For
more information about our company, our people and our innovations, please
visit www.motorola.com.
About Chicago Climate Exchange
CCX is a financial institution whose objectives are to apply financial
innovation and incentives to advance social, environmental and economic
goals. CCX is the world’s first and North America’s only legally
binding rules-based greenhouse gas emissions allowance trading system, as
well as the world’s only global system for emissions trading based on
all six greenhouse gases. CCX members are leaders in greenhouse gas
management and represent all sectors of the global economy, as well as
public sector innovators. Reductions achieved through CCX are the only
reductions in North America being achieved through a legally binding
compliance regime, providing independent third party verification provided
by NASD and price transparency. The founder, Chairman and CEO of CCX is
economist and financial innovator Dr. Richard L. Sandor, who was named a
Hero of the Planet by Time magazine for his founding of CCX. For a full
list of CCX members, daily prices and other Exchange information, see www.chicagoclimateexchange.com.
Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of CCX,
is the world's first and leading environmental derivatives exchange. CCFE
currently offers standardized and cleared Sulfur Financial Instrument
(SFI) futures and options contracts and Nitrogen Financial Instrument
(NFI-OS) futures contracts based on mandatory cap and trade programs
created under the Clean Air Act Amendments of 1990. CCFE has traded over 2
million SO2 allowances in its futures market, making it the world's largest
exchange for trading criteria pollutants. Market participants are able to
secure price-transparent, standardized futures and options contracts on an
anonymous electronic trading platform. The availability of effective
hedging tools offered on CCFE, including prompt and deferred years for
both futures and options has increased liquidity while easing volatility
in the SO2 market.
CCX, a U.S. corporation, launched its trading platform in 2003. In 2005,
CCX launched the European Climate Exchange (ECX), now the leading exchange
operating in the European Union Emissions Trading Scheme. Since 2006, both
CCX and ECX have been owned by Climate Exchange Plc, a publicly traded
company listed on the AIM of the London Stock Exchange.
|
|