Morgan Crucible Co MGCR Commended by Carbon Disclosure Project

  Morgan Crucible Co (MGCR) - Commended by Carbon Disclosure Project

RNS Number : 7497P
Morgan Crucible Co PLC
29 October 2012




Press Release

The Morgan Crucible Company plc

29 October 2012





Morgan Crucible commended by Carbon Disclosure Project for carbon performance
                        and climate change disclosure

                                      

Morgan Crucible has  been commended  by the Carbon  Disclosure Project  (CDP), 
which represents 655 institutional investors with $78 trillion in assets,  for 
its approach  to the  disclosure of  climate change  information and  for  the 
action it is  taking to  reduce emissions and  mitigate the  risks of  climate 
change.



The Company is one  of just seven  companies from the  FTSE Index featured  in 
CDP's Carbon Performance  Leadership Index (CPLI),  which highlights FTSE  350 
companies that have  demonstrated a  strong approach to  climate strategy  and 
emissions reduction in their CDP responses.



Morgan Crucible is also one of 35 FTSE 350 companies featured in CDP's  Carbon 
Disclosure Leadership Index (CDLI). This  index highlights FTSE 350  companies 
which have displayed  a strong  approach to  information disclosure  regarding 
climate change. Companies are  scored on their  climate change disclosure  and 
high scores  indicate  good  internal data  management  and  understanding  of 
climate change related issues affecting their company.



Much of  Morgan Crucible's  production involves  the use  of  high-temperature 
processes and  the  Group works  to  continually  reduce energy  use  and  CO2 
emissions across its divisions and sites. The Group reports the  environmental 
impact of its energy usage and CO2 emissions relative to revenue, described as
energy and CO2 "intensity". During 2011, CO2 intensity was down by 5% compared
to 2010, and energy intensity was reduced  by 6%. Performance is on track  to 
achieve the Group's target to reduce CO2 emissions intensity due to energy use
by 5%.





Both indices, compiled by PwC on behalf of CDP, provide an evaluation tool for
institutional investors,  based on  analysis of  the responses  to CDP's  2012 
questionnaire.



Mark Robertshaw, Chief Executive Officer  of Morgan Crucible commented: "As  a 
high-tech global manufacturing company  we are delighted  to be recognised  by 
CDP as one of the leaders in  the FTSE 350 in both carbon-related  performance 
and disclosure.  Across  Morgan  Crucible  we  are  working  to  minimise  our 
environmental footprint whilst leveraging our advanced materials to help  make 
a positive environmental  impact through  renewable energies  and through  our 
high-temperature insulation and related technologies."



Paul Simpson, chief executive officer of CDP, commented:

"Companies that make the Carbon Disclosure Leadership Index have  demonstrated 
strong internal data  management practices for  the measurement of  greenhouse 
gas emissions and energy use. They are also giving clear consideration to the
business  issues   related   to  climate   change   and  their   exposure   to 
climate-related risks and  opportunities. This is  vital to realising  greater 
efficiencies,  protecting  the   business  from  risk   and  capitalizing   on 
opportunities."



The FTSE  350 report  including  names of  companies  featured in  the  Carbon 
Disclosure Leadership Index can be found at www.cdproject.net.





About Morgan Crucible

Morgan Crucible is  an advanced  materials company  that provides  technically 
complex, bespoke solutions to its  customers, enabling them to address  global 
trends such as energy demand, healthcare and environmental sustainability.  It 
has a world leading position in  its target niche markets within sectors  that 
include power  generation,  petrochemical,  medical,  aerospace  and  defence. 
Morgan Crucible  has  operations  in  more  than  50  countries,  including  a 
significant and fast growing presence in  the dynamic growth economies of  the 
world such as China,  India and Brazil.  Its shares are  listed on the  London 
Stock Exchange and it is a member  of the FTSE 250 index. Further  information 
is available at www.morgancrucible.com.





About CDP

The Carbon  Disclosure  Project  (CDP)  is  an  international,  not-for-profit 
organization providing  the only  global system  for companies  and cities  to 
measure, disclose,  manage and  share  vital environmental  information.  CDP 
harnesses the power  of market forces,  including 655 institutional  investors 
with assets of US$78 trillion, to collect information from companies on  their 
greenhouse gas emissions and assessment of  climate change and water risk  and 
opportunity. CDP now holds the largest collection globally of primary climate
change and  water data  and puts  these  insights at  the heart  of  strategic 
business, investment and policy decisions. Please visit www.cdproject.net  to 
find out more.

For further enquiries:



Mark Robertshaw  Morgan Crucible 01753 837000

Kevin Dangerfield Morgan Crucible 01753 837000

Alison Kay Brunswick 0207 404 5959

                     This information is provided by RNS
           The company news service from the London Stock Exchange

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