National Grid Approved to Join Ceres
Company’s Support of Climate Change Regulations Draws Praise
BOSTON – Citing the company’s commitment to social and environmental improvements, the Ceres Board of Directors has approved National Grid into the Ceres network of companies. National Grid, based in Westborough, MA, is one of the first New England utilities to join Ceres, a leading coalition of investors, environmental groups and other public interest groups working with companies to address sustainability challenges such as global climate change.
Ceres has more than 70 companies in its company network, including 18 Fortune 500 companies.
National Grid, one of the ten largest utilities in the U.S., joined Ceres as part of its continuing commitment to the protection and enhancement of the environment.
“From energy efficiency to the company’s active participation and dialog related to greenhouse gas regulations, National Grid has shown a strong commitment to environmental and social issues,” said Mindy S. Lubber, president of Ceres. “We look forward to working with National Grid to further integrate sustainable practices into its business strategies.”
“At National Grid, we are guided by our framework for responsible business in which we are committed to protecting the environment for future generations, including minimizing our contribution to climate change, and investing in the future in ways that benefit shareholders, employees, customers and the environment,” said Lawrence J. Reilly, executive vice president and general counsel for National Grid. “Joining Ceres, whose mission and values are closely aligned with ours, will help us further enhance our ability to reach sustainability objectives and continue to find ways in which to operate our business responsibly.”
National Grid has instituted various programs that support environmental protection and make its operations more sustainable and transparent. Among these efforts:
The company has been participating in the EPA Energy Star Program since 1994, which focuses on energy efficiency research, waste product management and the promotion of energy star appliances to consumers.
Through the GreenUp program, the company allows customers to purchase renewable energy from wind and other clean power sources. Nearly 15,000 customers participate in the program.
At the federal level, encouraging the adoption of stringent energy-efficiency standards for electricity distribution system transformers. The more efficient models save energy, thereby deferring the need to build new power generation. This also results in the reduction of global climate change pollutants.
National Grid has been actively participating in the Regional Greenhouse Gas Initiative (RGGI), a plan by seven Northeast states to reduce greenhouse gas emissions from power plants, beginning in 2008.
The company reports that it is conducting environmental activities and studies at approximately 190 sites in New England and New York.
About National Grid
National Grid, through the transmission and distribution of electricity and natural gas, serves close to 4 million customers across 29,000 square miles of Massachusetts, New Hampshire, New York and Rhode Island. It has the largest electricity transmission and distribution network in the New England-New York region.
Founded in 1989, Ceres is a leading network of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change. Ceres also directs the Investor Network on Climate Risk (INCR), comprised of more than 50 institutional investors who collectively manage $3.7 trillion in assets. For more information, visit www.ceres.org.