51% of the companies are emitting unsustainable levels of CO2, according to a Climant Counts carbon report
51% of the companies are emitting unsustainable levels of CO2, according to a Climant Counts carbon report, an organization that measures the role corporations play on climate.
The purpose of this study was to analyze the greenhouse gas emissions of 100 global corporations from different sectors between 2005 and 2012 to determine their performance against science-based goals that seek to limit climate change to 2° Celsius (3.6° Fahrenheit).
Another interesting data point of this study is that 25 of the 49 companies that scored sustainably decreased their emissions even as their revenues grew. “It is a proof that decoupling of growth and emissions is possible, at least in the short term,” said Climate Counts in a statement.
The best-placed in the ranking were software company Autodesk, consumer products giant Unilever and pharmaceutical Eli Lilly.
The main criteria to include corporations to the study were the regularity with which they have reported their greenhouse gas emissions over the last years. Many companies, particularly in less developed countries, do not report their carbon footprint.
Also, the report said that “One of the premises of this report is that while sovereign nations must come to an agreement on how to reduce global CO2 emissions, there is an increasing role to be played by the business community”.
Countries that are parties to the U.N. Framework Convention on Climate Change (UNFCCC) are currently negotiating a new global agreement to tackle rising CO2 emissions.
The new agreement would include emerging economies, which didn’t have any targets under the current deal (the Kyoto Protocol).