Irish firms need to be open on emissions

Carbon Disclosure Project Ireland has called on the country's largest companies to report carbon emissions and detail how climate change affects their businesses.

With the launch of the CDP 2010 initiative the group aims to encourage Irish business to give their customers the ability to look at the environmental standards a firm sets.

Last year, the first time the project had made specific requests to a sample of Irish companies, only one third of businesses responded.

However, this year three Irish investment funds – Irish Life and Permanent Investment Managers, Harbourmaster Capital and EEA Fund Managers – have agreed to be signatories to the CDP for the first time.

They join the National Pension Reserve Fund which has been a signatory since 2007.

CDP Ireland’s director, Dick Budden, said: “This is no longer a nice to have for the leaders, it is becoming a need to have and we expect to see this trend growing across the Irish business sector.

“In 2010 I am confident the importance downstream business customers are now placing on carbon management, plus the increasing awareness of Irish investors, will focus the minds of management and result in a better response from Irish business.”

Luke Walsh

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