Cadbury Schweppes Recognised as Global Best in Class for Fourth Year Running in Response to Climate Change
24 September 2007 - 10:00PM
PR Newswire (US)
NEW YORK, Sept. 24 /PRNewswire-FirstCall/ -- Cadbury Schweppes has
again been recognised as "Best in Class" in its approach to climate
change in a report released today by the Carbon Disclosure Project,
a global survey of the world's largest companies on the issue of
climate change. The annual survey of 500 leading corporations,
commissioned by a coalition of over 300 institutional investors
with more than $41 trillion in assets, creates a best in class
Climate Disclosure Leadership Index of 68 companies that showed
distinction based on their reporting of greenhouse gas emissions
and an independent assessment of their climate change strategies.
Cadbury Schweppes was judged among the best in its sector, and
distinguished by the disclosure of its strategic awareness of the
risks and opportunities of climate change, as well as the quality
and effectiveness of programmes put in place to reduce emissions.
Cadbury Schweppes renewed its commitment to tackling climate change
earlier this year in its Purple Goes Green strategy, leading the
food manufacturing sector in committing to a 50% absolute reduction
in carbon emissions by 2020, as well as setting targets for
packaging and water-use reduction. Steve Driver, President Global
Supply Chain, commented: "Cadbury Schweppes is absolutely committed
to tackling climate change. We are re-thinking the way we do
business, embedding sustainability into every decision we take.
"Reducing our use of energy across the business is good for the
environment and supports our commercial success. We have been
working hard in this area, and this is reflected in the Carbon
Disclosure Project's review of our answers and strategies, and
their rating of our performance in comparison to other large
companies. However, we recognise that we still have a lot of work
to do to meet our ambitious targets and will be working with
partners and industry to achieve them." Notes to Editors 1. Cadbury
Schweppes Cadbury Schweppes is the world's largest confectionery
company and has strong regional beverages businesses in North
America and Australia. With origins stretching back over 200 years,
today Cadbury Schweppes' products -- which include brands such as
Cadbury, Schweppes, Halls, Trident, Dr Pepper, Snapple, Trebor,
Dentyne, Bubblicious and Bassett -- are enjoyed in almost every
country around the world. The Group employs over 70,000 people. 2.
About Cadbury On 19 June, 2007, we announced a new strategy for our
ongoing confectionery business post the separation of Americas
Beverages. Our goal is to leverage our scale and advantaged
positions to maximise growth and returns by: -- Driving growth
through a concentration on "fewer, faster, bigger, better"
participation and innovation, supported by our global category
structure introduced last year; -- Driving cost and efficiency
gains to increase margins; and -- Continuing to invest in
capabilities to support our growth and efficiency agendas. Our
Financial Scorecard Our ambition to maintain revenue growth while
improving margins and returns is reflected in our new financial
scorecard for the 2008 to 2011 period: -- Annual organic revenue
growth of 4-6% -- Total confectionery share gain -- Mid teens
trading margin by 2011 -- Strong dividend growth -- Efficient
balance sheet -- Growth in return on invested capital Commercial
Strategy: Focus on Top Markets, Brands and Customers To help drive
further revenue growth, under a new category management structure,
we are focusing our resources on a fewer number of markets, brands
and customers: -- Our 12 focus markets include the UK, US,
Australia, Mexico, Brazil, India and Russia. Together, these
markets represent around 70% of our total revenues and are forecast
to account for over 60% of expected category growth over the next
five years. -- Our 13 focus brands, include our biggest brands such
as Cadbury Dairy Milk, Trident, Halls, Dentyne and Flake and our
newer fast growing brands, Green & Black's and The Natural
Confectionery Company. Together, our 13 focus brands account for
over 50% of our confectionery revenues and have above average
revenue growth and operating returns. -- Our 10 focus customers
comprise 7 top retailers (including WalMart, Tesco, Carrefour and
Lidl) and 3 trade channels (impulse in developed markets;
traditional trade in emerging markets; and international travel
retail). Together, these customers account for over 50% of our
revenues. 3. Background to The Climate Disclosure Leadership Index
The Carbon Disclosure Project is a special project of Rockefeller
Philanthropy Advisors in New York. Full details on CDP, the CDP
reports and the responses from corporations can be found at
http://www.cdproject.net/ Candidates for the Climate Disclosure
Leadership Index were assessed relative to their peers in ten
highest carbon-impact clusters. Innovest used a proprietary carbon
risk model to analyse the net carbon exposure of all industry
sectors represented in the FT500. On the basis of this analysis, it
selected the ten industry clusters with the highest exposure to
carbon risks and opportunities. Cadbury Schweppes plc 0207 830 5011
http://www.cadburyschweppes.com/http://www.purplegoesgreen.com/http://www.cadburyschweppes.com/EN/EnvironmentSociety/
DATASOURCE: Cadbury Schweppes CONTACT: Linda Mayer,
+1-973-909-2364, or Kathy Beyer, +1-973-909-2040, both for Cadbury
Schweppes Web site: http://www.cadburyadams.com/
http://www.cadburyschweppes.com/ http://www.purplegoesgreen.com/
http://www.cadburyschweppes.com/EN/EnvironmentSociety
http://www.cdproject.net/
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