Aviva tops rankings for lowest GHG emissions

26th April 2011


Related Topics

Related tags

  • Business & Industry ,
  • Reporting ,
  • Mitigation ,
  • Management/saving

Author

IEMA

Aviva is the least carbon intensive of Europe's 300 biggest businesses, according to figures published today (26 April 2011).

The UK insurance company has topped the first ET Europe 300 Carbon Ranking, a list of the continent’s largest companies ranked in terms of the greenhouse gas (GHG) emissions produced to create their annual turnover and the availability of information on those emissions.

The top 10 places are dominated by businesses from the finance sector, traditionally a less resource-intensive industry, with second place going to Dutch firm Aegon NV and third to the Banco Popular Espanol.

The top ranking non-financial business was telecommunications specialist Swisscomm, which came fifth, followed by mobile phone manufacturer Nokia in 11th position.

The list has been created by the Environmental Investment Organisation (EIO) an independent body seeking to improve the environmental impact of the finance sector.

The EIO aims to put pressure on businesses to share comprehensive and verified data on GHG emissions and has weighted the ranking in favour of those that do.

"Despite most companies producing corporate social responsibility reports, there remain a remarkable lack of transparency and clarity in GHG emissions reporting,” said Sam Gill, operational director of the EIO.

The ET Europe 300 rankings reveal that just 43% of the participants publish independently-validated data on their scope 1 and 2 emissions, as defined in the GHG Protocol.

The European list follows publication of the UK ranking in February, and will form the basis of stock market indexes EIO will launch in May. These indexes have been designed to guide investors as to how well organisations are performing environmentally.

"Investing in a way which can help tackle climate change is an essential component of intelligent long term investment," said Gill. "Through our series of global, regional and national ET Carbon Rankings, the public can access emissions data in an understandable format in one place, highlighting the leaders and laggards.”

The aim is to create pressure for organisations listed in the rankings to improve their position by influencing a company’s share price.

"With world governments unable to agree on solutions and paralysed by political realities, we have to explore all available options before it is too late,” said EIO chair Michael Gill.

“We urgently need to start considering ways in which we can harness the enormous power wielded by the investment system and use it to change corporate behaviour and cut emissions."

The EIO have listed UK mining firm Randgold Resources as an example of an early success story. Rangold came bottom of the UK rankings in February to be ranked 69 after publishing greater information in its annual report.

The EIO will be rolling out further regional rankings in the coming months listing companies in North America, Asia-Pacific and the BRIC economies. This will then be followed by a global ranking of the world’s 800 largest companies.

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

Majority of environmental professionals fear green skills gap

Almost three-fifths of UK environmental professionals feel there is a green skills gap across the country’s workforce, or that there will be, a new survey has uncovered.

4th July 2024

Read more

Climate hazards such as flooding, droughts and extreme heat are threatening eight in 10 of the world’s cities, new research from CDP has uncovered.

3rd July 2024

Read more

Ahead of the UK general election next month, IEMA has analysed the Labour, Conservative, Liberal Democrat, and Green Party manifestos in relation to the sustainability agenda.

19th June 2024

Read more

Nine in 10 UK adults do not fully trust brands to accurately portray their climate commitments or follow the science all the time, a new survey has uncovered.

19th June 2024

Read more

Just one in 20 workers aged 27 and under have the skills needed to help drive the net-zero transition, compared with one in eight of the workforce as a whole, new LinkedIn data suggests.

18th June 2024

Read more

With a Taskforce on Inequality and Social-related Financial Disclosures in the pipeline, Beth Knight talks to Chris Seekings about increased recognition of social sustainability

6th June 2024

Read more

Disinformation about the impossibility of averting the climate crisis is part of an alarming turn in denialist tactics, writes David Burrows

6th June 2024

Read more

David Symons, FIEMA, director of sustainability at WSP, and IEMA’s Lesley Wilson, tell Chris Seekings why a growing number of organisations are turning to nature-based solutions to meet their climate goals

6th June 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close