29 September 2008
There is a huge disparity between how well different sectors disclose information in a new report on carbon emissions among 1,550 of the world's major companies.
The Carbon Disclosure Project (CDP), which collects data on greenhouse gas emissions, found utilities were most likely to disclose information when requested.
The report found 93 per cent of utility firms had responded to a request for information. Retail and consumer companies followed with 88 per cent responding, while 84 per cent of chemicals and pharmaceuticals firms replied.
However, only 60 per cent of hospitality leisure and business services and 64 per cent of construction and building products supplied information.
According to the report, 74 per cent of Global 500 companies replying to CDP are now reporting emissions reduction targets. Within the retail sector this figure rises to 90 per cent. "We see a marked increase in levels of engagement, with more companies reporting than before," said Paul Dickinson, CEO of CDP.