Majority of European firms fail on carbon reporting: study

Apr 26, 2011
Somke raises above Paris from an incinerator in Ivry-sur-Seine in 2009. Less than half of Europe's top 300 firms are publishing full and verified carbon emission data, with French and Swiss companies ranking worst at greenhouse gas reporting, a study showed Tuesday.

Less than half of Europe's top 300 firms are publishing full and verified carbon emission data, with French and Swiss companies ranking worst at greenhouse gas reporting, a study showed Tuesday.

British financial services Aviva placed first in the rankings based on emissions and levels of disclosure and verification, while Polish mining company KGHM came in last, according to the non-profit Environmental Investment Organisation (EIO).

Swiss telecom operator Swisscom ranked first among non-financial companies while unsurprisingly utilities were overall the biggest emitters, accounting for nearly 46 of all climate-changing .

The EIO compiled its Environmental Tracing Europe 300 Carbon Ranking index and plans to release further regional indexes and a global index in the coming months to provide tools for the investment community to tackle climate change.

"The purpose of the carbon rankings is two-fold: to highlight the and levels of disclosure of the world's largest companies with the aim of fostering greater transpacency and to form the basis of a series of stock market indexes, designed specifically to provide the investment community with a viable tool for tackling climate change," said Sam Gill, EIO's operational director.

The EIO found that European companies still have a long way to go on reporting , with 13 percent of companies still providing no public information and only 43 percent releasing complete and verified information for their own emissions plus electricity.

Spanish companies were best at reporting, with 92 percent providing complete information including 77 percent with the information independently verified.

French and Swiss companies were worst, with only 60 percent of French firms disclosing full emissions data while only 27 percent of Swiss firms provided independently verified information.

Explore further: Stronger action needed to transform the UK's energy system

Related Stories

Companies' stock value can be hurt by greenhouse emissions

Jan 25, 2011

How much greenhouse gas a company produces has a significant effect on the value of the company's stock, according to a new study by researchers at the University of California, Davis; University of California, Berkeley; ...

Pricing can cut CO2 emissions from electric generators

Apr 28, 2008

Levying a price on carbon dioxide released by electric generators could considerably reduce greenhouse gas emissions — even before the deployment of any environmentally friendly technology — according to scientists in ...

Companies fight to keep global warming data secret

Oct 28, 2010

(AP) -- Some of the country's largest emitters of heat-trapping gases, including businesses that publicly support efforts to curb global warming, don't want the public knowing exactly how much they pollute.

Recommended for you

Stronger action needed to transform the UK's energy system

3 hours ago

An ambitious policy package is essential for the UK to transform its energy system to achieve the deep reductions in carbon emissions required to avoid dangerous climate change, according to research led by UCL scientists. ...

Gimmicks and technology: California learns to save water

Jul 03, 2015

Billboards and TV commercials, living room visits, guess-your-water-use booths, and awards for water stinginess—a wealthy swath of Orange County that once had one of the worst records for water conservation ...

Cities, regions call for 'robust' world climate pact

Jul 03, 2015

Thousands of cities, provinces and states from around the world urged national governments on Thursday to deliver a "robust, binding, equitable and universal" planet-saving climate pact in December.

Will climate change put mussels off the menu?

Jul 03, 2015

Climate change models predict that sea temperatures will rise significantly, including in the tropics. In these areas, rainfall is also predicted to increase, reducing the salt concentration of the surface ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

omatumr
3 / 5 (4) Apr 26, 2011
The whole environmental carbon movement is a scam to expand government power, as documented in another PhysOrg.com news story:

http://www.physor...nts.html

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.