Premier's carbon reduction strategy earns FTSE ranking accolade

ELECTRONICS distributor Premier Farnell has been named as the highest ranking FTSE 250 company in the new FTSE CDP Carbon Strategy 350 Index.

The index provides a 'carbon-tilted' version of the FTSE 350, based on constituents' exposure to carbon risk in comparison with their sector peers.

The index is designed to help retail and institutional investors manage the impact of climate change in their investments.

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The index has been designed in response to growing awareness of the significant potential impact of climate change on investment returns. Leeds-based Premier Farnell's carbon reduction programme is in its fourth year and to date has achieved a 23 per cent reduction in emissions.

Harriet Green, chief executive of Premier Farnell, said: "We believe it is critical that we conduct our business in a sustainable and

responsible manner.

"Our ranking in the index – eleventh overall and the highest placed FTSE 250 constituent – is testament to the hard work and commitment shown in this area by all of our employees."

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