BT and Marks and Spencer have scored joint first place in Carbon Clear’s fourth annual ranking of the carbon reporting performance of FTSE
2014 is the third year in a row that Marks and Spencer has placed first for its carbon management reporting. BT scored highly last year, ranking
BT and Marks and Spencer top scorers in FTSE 100 carbon reporting research only one point behind Marks and Spencer in second place.
Both first place companies achieved a score of 85% in the rankings, however their specialisms as best practice leaders for reporting varied. Marks and Spencer particularly impressed through their range of engagement activities and scored well for offsetting their emissions. BT excelled in using climate change science to develop reduction targets and consistently demonstrated a number of innovative programmes to reduce emissions in their value chain.
Carbon Clear scored publicly available information from each company in the FTSE 100 against 67 reporting criteria. The analysis, carried out in summer 2014, focussed on several core areas that make up a sound carbon management strategy. This includes: how companies measure, report and verify their carbon footprint; their existing and planned strategies for reducing emissions; their actual carbon reductions; and their work to engage stakeholders about their climate change programmes.
The 2014 research found that 85 companies report their carbon footprint in their annual report compared to 56 in 2013, which may be due to the recently introduced mandatory greenhouse gas reporting legislation.
The research also identified areas of best practice in: carbon strategy and target setting; addressing the risks and opportunities of climate change; and energy efficiency and reductions throughout the top ten scoring companies.
The top 10 performers were: BT Group; Marks and Spencer; Unilever; Tui Travel; Sainsbury’s; National Grid; BskyB; Kingfisher; Coca-Cola HBC; Aviva; Mondi.
Mark Chadwick, Chief Executive of Carbon Clear, said:
“For the fourth year in a row our research demonstrates that although many FTSE 100 companies report information about carbon, there’s an increasing gap between the best practice leaders and
other businesses. Legislation plays a role in closing that gap, but it’s important that more companies take action on managing their emissions. Businesses have an essential role to play in ensuring a transition to a low carbon economy and BT and M&S are leading the way in demonstrating how this can be achieved.”
The full report can be accessed here: http://www.carbon-clear.com/files/Carbon_Clear_FTSE_100_2014.pdf