Top British firms drag their feet to reduce carbon footprints

[OKIsItJustMe]

http://www.guardian.co.uk/business/2010/jan/07/carbon-discloure-project-ftse-companies

Top British firms drag their feet to reduce carbon footprints

• 24 firms account for 87% of emissions by FTSE 100 companies
• 77% of FTSE firms will aim to cut pollution by 2.5% a year

David Adam
The Guardian, Thursday 7 January 2010

Greenhouse gas targets set by many of Britain's largest companies are too weak to meet UK commitments on climate change, a new analysis shows.

A report from the Carbon Disclosure Project (CDP) says a lack of ambition from companies in the energy, materials and utilities sector threatens government plans to cut emissions by 2020.

The CDP report found that 77% of FTSE 100 companies said they have a target to reduce emissions, with an average annual reduction rate of 2.5%. That compares well with the 2.4% annual reductions on overall emissions that Britain needs to make to achieve a legally binding target of 34%-42% reductions by 2020, relative to 1990 levels.

However, the average annual emissions reductions planned by the firms in the energy, utilities and materials sectors total 1.2%. There are only 24 of these companies in the FTSE 100, but they account for 87% of all FTSE 100 reported emissions.

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[GliderGuider]

1. I am shocked, I tell you. Shocked!

I never would have expected this. Not in 65 million years...