BT and Dell lead the way on emissions disclosure
- 02 May 2013
LONDON: BT Group ranks in the world’s top ten companies for disclosure of greenhouse gas emissions and Dell is leading the way in North America, despite a majority of the biggest companies lagging behind - as highlighted by new Environmental Investment Organisation (EIO) research.
Reporting emissions data helps companies identify energy and cost savings, as well as significantly reduce their emissions. But the world’s 800 biggest companies are failing to correctly report their emissions and do not have their data independently verified, according to EIO’s latest Ranking reports.
The research reveals that only 37% of the world's biggest companies are reporting complete data on greenhouse gas emissions.
Kevin Moss, Head of BT’s Net Good programme, said: “We welcome our positioning in the Index and see it as a great foundation as we launch our new Net Good goal. The goal expands our scope 3 reporting further, and will also bring into focus the amount by which we help our customers reduce their emissions. We are keen to encourage collaboration to achieve systemic transformation by working with partners and sharing our methodology.”
EIO’s Global Ranking is the only public reporting database of its kind and marks the last in a series of reports covering the 300 largest companies in European, North American, Asia-Pacific and BRICS countries.
Dell, also a member of The Climate Group, ranked fifth in the North American 300 Ranking. David Lear, Executive Director of Sustainability, Dell, told The Climate Group: “As we continue to be mindful of our own emissions, we increasingly are working with our suppliers and customers to make the production and use of IT more efficient, and to leverage the power of IT to address social and environmental issues. We know this shift can make businesses more sustainable across the board.”
Value chain emissions
German chemical producer BASF won EIO’s Leader Awards, for being the only company reporting emissions from across the entire value chain, or Scope 3, which includes emissions from sources that the company has influence over but is not owned or directly controlled by it, such as transportation.
Sam Gill, CEO, Environmental Investment Organisation, commented on the overall low global performance: “This ought to be a wake-up call for companies. Since the majority of total corporate emissions often come from Scope 3 sources, large quantities of emissions are not being accounted for. Not only could this be a source of unmeasured risk for companies but it also means we are not getting the full picture in terms of corporate emissions. This is precisely why the Carbon Rankings are designed to encourage Scope 3 disclosure.”
He added: “If enough people start to invest through Environmental Tracking indexes, the collective force of indexed money moving in unison could alter demand for company shares. Since the weightings of companies within the index are linked to the company’s position in the Carbon Rankings, the share price will begin to move in line with emissions. For the first time, pursuing an environmentally damaging course of action would be against the interests of the company and its shareholders.”
Read EIO's Global Ranking
By Clare Saxon