50 Largest Companies Produce 73% of Total Greenhouse Gas Emissions
A new study has found that just 50 corporations are responsible for 73% of the 3.6 billion metric tons of greenhouse gas emitted by the world’s 500 largest companies. Of the carbon-polluting corporations the most egregious offenders are, perhaps unsurprisingly, to be found within the energy sector, and as a whole, these companies are doing little to change their ways; the CDP Global 500 Climate Change Report 2013 found that the 50 giants have become even greater polluters in the last four years.
The CDP Global 500 Climate Change Report is published by PricewaterhouseCoopers, and calculates and analyzes the emissions and disclosures of the Global 500 companies by industry (403 of the companies took part in this year’s study). A number of the findings are largely unsurprising:
Wal Mart is the greatest offender within the ‘Consumer Staples’ category and ExxonMobil in the Energy sector. Interestingly, Bank of America has the greatest emissions per unit of revenue in the Financial sector, Bayer in Healthcare, Samsung in Information Technology and Verizon in Telecommunications.
While GHG emissions from the Global 500 fell overall in recent years—from 4.2 to 3.6 billion metric tons—the top 50 corporations have managed to increase their emissions by 1.65% since 2009. This represents, the report states “a disparity between the companies’ strategies, targets and the emissions reductions that are required to limit global warming to 2 degrees C.”
http://inhabitat.com/10-of-worlds-largest-companies-produce-73-of-greenhouse-gas-emissions/
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