CDP Global 500: 10% of Largest Companies Produce 73% of GHGs

Global 500 Climate Change Report 2013

by | Sep 12, 2013

This article is included in these additional categories:

CDP Top 12 listBMW, Daimler, Philips Electronics, Nestlé, financial firm BNY Mellon, Cisco Systems and utility Gas Natural SDG — all with perfect 100 disclosure scores and A performance ratings — top the CDP’s list of the world’s best companies in terms of climate change disclosure and performance.

Honda, Nissan, Volkswagen, Hewlett-Packard and Samsung round out the top 12 companies list (see chart), according to the CDP Global 500 Climate Change Report 2013, released today.

On the other end of the spectrum, 50 of the 500 largest listed companies in the world are responsible for nearly three quarters of the group’s 3.6 billion metric tons of greenhouse gas emissions, the report says.

Sixteen of the 50 highest emitting companies — Walmart, Apache, Chevron, ConocoPhillips, Devon Energy, Exxon Mobil, Occidental Petroleum, FedEx, Air Products & Chemicals, Dow Chemical E.I du Pont de Nemours, Praxair, AT&T, American Electric Power, Duke Energy and Exelon — are US firms.

The carbon emitted by the 50 highest emitting companies, which primarily operate in the energy, materials and utilities sectors, has risen by 1.65 percent to 2.54 billion metric tons over the past four years, the report says.

The report is co-written by CDP, formerly known as the Carbon Disclosure Project, and PricewaterhouseCoopers. The analysis is based on the climate and energy data of 389 companies listed on the FTSE Global 500 Equity Index, collected by CDP at the request of 722 institutional investors representing $87 trillion in invested capital.

For the second year in a row, Apple and are among the companies that did not respond to CDP’s request for emissions.

While CDP says the biggest emitters present the greatest opportunity for large-scale change, the report identifies opportunities for all Global 500 companies to help build resilience to climate and policy shocks by significantly reducing the amount of carbon dioxide they produce each year. For example, the emissions from nearly half (47 percent) of the most carbon-intensive activities that companies identify across their value chains are yet to be measured. The lack of detailed reporting and information of GHGs from sources related to company activities (Scope 3 emissions), as opposed to those from sources owned or directly controlled by them, may lead companies to underestimate their full carbon footprint.

Two thirds (72 percent) of the Global 500 measure emissions associated with business travel but this equates to just 0.2 percent of the sample’s reported Scope 3 emissions. Nearly all financial businesses are managing their travel emissions but only 6 percent are reporting the emissions associated with their investments, the sector’s prime source of Scope 3 emissions.

Additional articles you will be interested in.

Stay Informed

Get E+E Leader Articles delivered via Newsletter right to your inbox!

This field is for validation purposes and should be left unchanged.
Share This