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Corporate Social Responsibility
News
7.02.2008 - 04:00pm ET
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Only 62% Of The FT 500 Companies Reporting Emissions Have Carbon Reduction Targets
The Ethical Corporation Institute has launched a new report on how the FT 500 companies are reporting their GHG emissions to stakeholders.
(CSRwire) - July 2, 2008 - 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 GHG 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 at: www.ethicalcorporationinstitute.com
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