Motorola, Inc. (NYSE: MOT) has renewed and expanded its membership in the Chicago Climate Exchange (CCX®), the world’s first and North America’s only voluntary but legally binding greenhouse gas emissions reduction, registry and trading system.
By becoming a Phase II CCX member, Motorola has committed to tracking and reporting greenhouse gas emissions and to achieving a 6 percent reduction in its greenhouse gas emissions by 2010 below a year 2000 baseline.
Motorola also has become the first member of CCX to include in its commitment all of its worldwide manufacturing sites that currently are not covered under the regulatory emissions reduction requirements of the Kyoto Protocol signatories and the European Union Emissions Trading Scheme (EUETS). The CCX commitment will include sites in Brazil, China, India, Israel, Malaysia, Mexico, Singapore, Taiwan and the United States, thus making Motorola the first global member of CCX.
CCX establishes a legally binding reduction commitment. Members that reduce emissions beyond the commitment may sell surplus allowances to other members. Participants that do not meet reduction commitments must buy allowances to achieve compliance.
“Motorola is working proactively to manage our impact on climate change by reducing our carbon footprint, using renewable energy and reducing our products’ energy usage,” said Jodi Shapiro, vice president of environment, health and safety for Motorola. “We value the CCX’s innovative, collective approach to addressing climate change and believe Motorola can make a bigger impact when we work together with others.”
A CCX founding member, Motorola’s objective is to be highly energy efficient and to use renewable energy wherever practical to reduce its carbon footprint. Motorola is the first major cell phone manufacturer to redesign all its new mobile phone and accessory chargers (external power supplies) to be ENERGY STAR-qualified. Since voluntarily signing the European Union „code of conduct on energy efficiency of external power supplies“ in 2000, Motorola has reduced the average standby power of its chargers by at least 70 percent.
“We proudly welcome Motorola’s decision to continue its membership in CCX and highlight their path-breaking decision to include their global sites not already subject to a regulatory reduction structure,” said Dr. Richard L. Sandor, CCX’s chairman and CEO. “This shows their leadership and vision, which is consistent with their many environmental initiatives throughout the years, including their role as a founding member of CCX. The use of the CCX Registry and Trading Platform for a global company shows CCX’s capacity to address the challenge of climate change from a global standpoint.”
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of seamless mobility, the people of Motorola are committed to helping you connect simply and seamlessly to the people, information and entertainment that you want and need. We do this by designing and delivering „must have“ products, „must do“ experiences and powerful networks — along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.9 billion in 2006. For more information about our company, our people and our innovations, please visit www.motorola.com.
About Chicago Climate Exchange
CCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world’s first and North America’s only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime, providing independent third party verification provided by NASD and price transparency. The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine for his founding of CCX. For a full list of CCX members, daily prices and other Exchange information, see www.chicagoclimateexchange.com.
Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of CCX, is the world’s first and leading environmental derivatives exchange. CCFE currently offers standardized and cleared Sulfur Financial Instrument (SFI) futures and options contracts and Nitrogen Financial Instrument (NFI-OS) futures contracts based on mandatory cap and trade programs created under the Clean Air Act Amendments of 1990. CCFE has traded over 2 million SO2 allowances in its futures market, making it the world’s largest exchange for trading criteria pollutants. Market participants are able to secure price-transparent, standardized futures and options contracts on an anonymous electronic trading platform. The availability of effective hedging tools offered on CCFE, including prompt and deferred years for both futures and options has increased liquidity while easing volatility in the SO2 market.
CCX, a U.S. corporation, launched its trading platform in 2003. In 2005, CCX launched the European Climate Exchange (ECX), now the leading exchange operating in the European Union Emissions Trading Scheme. Since 2006, both CCX and ECX have been owned by Climate Exchange Plc, a publicly traded company listed on the AIM of the London Stock Exchange.
