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Carbon Emissions: Business

Volume 472: debated on Monday 25 February 2008

To ask the Secretary of State for Environment, Food and Rural Affairs (1) how many FTSE 100 companies meet minimum reporting guidelines on greenhouse gas emissions; (187420)

(2) what steps have been taken to encourage FTSE 100 companies to include information on carbon dioxide emissions in their annual reports.

The Government require companies and industries to report on their Greenhouse Gas emissions, including CO2, in a standardised way. For example, all installations taking part in the EU Emissions Trading Scheme must monitor and report their CO2 emissions in accordance with guidelines produced by the European Commission.

The Carbon Reduction Commitment, which will come into force in 2010, will require companies involved in the mandatory trading scheme to monitor their energy use and report it annually in a standardised format. This will cover a large number of FTSE 100 companies.

In addition, from 1 October 2007, quoted companies have been required to ensure that their Business Review includes information on environmental matters to the extent necessary for an understanding of the development, performance or position of the company's business. The first reports under this new regime will not be published until later this year.

The Government have also supported the work of the Carbon Disclosure Project. This is a voluntary investor-driven approach aimed at encouraging companies to disclose greenhouse gas emissions data. In 2007, 91 per cent. of FTSE 100 companies disclosed to CDP. This is an increase from 83 per cent. in 2006.