Only 62% of the FT 500 companies reporting emissions have carbon reduction targets
16 July 2008, News release from Ethical Corporation Institute
The Ethical Corporation Institute has launched a new report on how the FT 500 companies are reporting their GHG emissions to stakeholders.
The Ethical Corporation Institute's new 'Corporate Greenhouse Gas Emissions Reporting 2008' report shows staggering inconsistencies in how companies calculate and verify their greenhouse gas emissions.
The new research report reveals that companies responding to the fifth annual Carbon Disclosure Project questionnaire are using a total of 34 different public protocols or guidelines to report on their emissions.
Meanwhile interviews with stakeholders show that there's an increasing demand for intra-industry sector standardisation of corporate emissions reporting.
Investors in particular note the need to report corporate emissions performance in relation to corporate growth and financials, and for companies to use emissions intensity metrics appropriate for the nature of their operations.
The report gives detailed, practical overviews of the most common reporting protocols used by business. The research also analyses the degree to which third-part auditors are employed to verify corporate emissions data and looks at the use of emissions intensity indictors by FT500 companies.
It focuses on the emissions reduction targets set by different corporations. Detailed accounts of exactly how individual corporations report their emissions intensity and their emission reduction targets are given in the appendix for the report.
Readers can click here to find out more about the report, which is now on general sale.
Other climate related market intelligence reports to be launched by the Ethical Corporation Institute in the coming weeks include 'A practical guide to corporate emissions trading and offsetting' and an accessible briefing designed to help UK companies to prepare for the Department for Environment Food and Rural Affairs' (Defra) upcoming Carbon Reduction Commitment Scheme.
About the Ethical Corporation Institute
The Ethical Corporation Institute is the research arm of Ethical Corporation. It produces high quality market intelligence reports, issue and regional management briefings, and occasional free research papers on cutting edge corporate responsibility issues. The Institute produces a quarterly e-newsletter. Readers can sign up for it here.
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