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Air Pollution: Business

Volume 458: debated on Monday 19 March 2007

To ask the Secretary of State for Environment, Food and Rural Affairs (1) how many FTSE 100 companies meet the minimum reporting guidelines on greenhouse gas emissions; (126456)

(2) if he will estimate the annual carbon dioxide emissions in each of the last five years from companies which are not meeting the minimum reporting guidelines on greenhouse gas emissions.

DEFRA’s guidelines on environmental reporting, published in January 2006, recommend that companies report their ‘direct’ and ‘indirect’ emissions in line with the Greenhouse Gas (GHG) protocol, an initiative set up by the World Resources Institute and World Business Council for Sustainable Development. This protocol is also used by the Carbon Disclosure Project (CDP), which acts on behalf of 225 global investors with total assets of $31 trillion. On an annual basis, the CDP asks global companies to disclose information on greenhouse gas emissions.

83 per cent. of FTSE100 companies responded to CDP’s 2006 information request, of which 55 per cent. provided quantified emissions data and 24 per cent. provided emissions data that met the protocol's reporting requirement on ‘direct’ GHG emissions.

In the absence of a globally accepted framework for corporate GHG emissions reporting, DEFRA is currently in discussions with CDP about the opportunities provided by its role as the Secretariat to the new Climate Disclosure Standards Board. The board was launched at the recent World Economic Forum in Davos to develop and advocate a globally accepted corporate climate reporting standard.

DEFRA does not collect its own estimates of the GHG emissions of individual companies.