Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) has been ranked No. 34 out of 100 leading companies in the Maplecroft Climate Innovation Index (CII). Cliffs officials made the announcement today.
The Maplecroft CII is a family of three indexes calculated by Bloomberg that ranks the top-performing U.S.-based companies in terms of climate-related innovation and carbon management programs. The indexes include: the Maplecroft CII Benchmark ( Bloomberg : CICOMP), the Maplecroft CII Leaders ( Bloomberg : CII), and the Maplecroft CII US 100 ( Bloomberg : CI100). In addition to the ranking, Cliffs was also the top performer within the iron and steel subsector group.
Kelly Tompkins , Cliffs’ executive vice president, legal, government affairs and sustainability, said, “Being recognized as a climate innovation leader acknowledges Cliffs’ comprehensive greenhouse gas planning and our commitment to environmental stewardship. Environmental stewardship is a critical element of our overall sustainability program, and we will continue to embed many more sustainable practices throughout our business that impact a wide range of stakeholders.”
To be considered and ranked within the Maplecroft CII, companies must display superior work in the areas of management, mitigation, emission reduction, adaptation, and a strong focus on innovation. The Maplecroft CII was compiled through a climate screen of all U.S. companies ( $1 billion or more in market capitalization) against more than 100 different criteria. Stocks were rated using various public disclosures, and supported by third-party stakeholder viewpoints and direct engagement with the companies. Maplecroft’s global risk indices were also used to understand wider climate change risk exposures across the entire company.