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FPL Group lauded for quality of climate change disclosure

JUNO BEACH, Fla. – FPL Group (NYSE: FPL) has been named to the 2008 “Climate Disclosure Leadership Index” by the Carbon Disclosure Project (CDP), a not-for-profit organization that reports on the business risks and opportunities of climate change on behalf of 385 institutional investors with $57 trillion in assets under management. 

Compiled by PricewaterhouseCoopers on behalf of CDP, the Climate Disclosure Leadership Index highlights companies within the FTSE Global 500 Index that excel at corporate governance in the area of climate change disclosure. Index members are distinguished by the disclosure of their awareness of the risks and opportunities of climate change, as well as the quality and effectiveness of programs put in place to reduce overall greenhouse gas emissions.

“FPL Group has one of the lowest emissions profiles of any electric power company in the United States, and we are the country’s No. 1 producer of renewable energy from both wind and solar power. We’re extremely pleased to be included on this year’s Carbon Disclosure Leadership Index,” said FPL Group Chief Financial Officer Armando Pimentel. 

Paul Dickinson, chief executive of the Carbon Disclosure Project, said: “Good corporate governance in respect of climate change disclosure will inevitably reap its rewards. As carbon regulation increases, those companies that have implemented climate change related strategies are clearly going to be in a far better position to meet the challenge of higher carbon prices than companies that have procrastinated.  Good disclosure practices are synonymous with good management.” 

The Global 500 Report, including names of companies featured in the Carbon Disclosure Leadership Index, can be found atwww.cdproject.net

About FPL Group

FPL Group, with annual revenues of over $15 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services.  With a growing presence in 27 states, it is widely recognized as one of the country's premier power companies.  Its rate-regulated subsidiary, Florida Power & Light Company, serves approximately 4.5 million customer accounts in Florida.  FPL Energy, LLC, an FPL Group competitive energy subsidiary, is a leader in producing electricity from clean and renewable fuels.  Additional information is available on the Internet atwww.FPLGroup.comwww.FPL.com and www.FPLEnergy.com.

About CDP: 

The Carbon Disclosure Project, founded in 2000, represents some 385 global institutional investors with more than $57 trillion in assets under management. As an independent not-for-profit organization, CDP collects key climate change data from more than 1,550 major corporations around the globe and has assembled the largest corporate greenhouse gas emissions database in the world. CDP also works with multinational organizations to facilitate the collection of climate change relevant data from their supply chains. CDP makes its requests for information and the corporate responses to such requests publicly available for the benefit of all interested parties, including policymakers and their advisors. For more information regarding CDP please go towww.cdproject.net. The Carbon Disclosure Project, a company limited by guarantee and registered in England (no. 05013650), is a Registered Charity (no. 1122330). CDP also enjoys 501(c)3 charitable status in the United States as a special project of Rockefeller Philanthropy Advisors.

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