English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

More profit = less carbon says index

LONDON: Results from a new survey suggest companies that demonstrate climate change leadership are outperforming Bloomberg's World Index by 9.6 percent.

The sustainability-focused Carbon Disclosure Project (CDP) claims 187 companies on its latest Climate Performance Leadership Index - from Apple to Zurich Insurance – are proving a low carbon future doesn't mean low profit.

Transport-related companies that made the latest list include Canadian National Railways, CSX, Deutsche Bahn, Finnair, Munich airport, Mitsui OSK Lines and Thales.

Companies that refused to provide data to CDP include Berkshire Hathaway, Amazon.com and Comcast Corporation.

finnairProduced at the request of 767 investors who represent more than a third of the world's invested capital, information from nearly 2,000 public corporations has resulted in an "A List" of out-performers who represent nine percent of the total list but US$23 billion of the US$50 billion in annual investment in carbon emission reduction.

The 187 businesses include BMW, Centrica, Samsung Electronics and Unilever who, according to the CDP, "have demonstrated a superior approach to climate change mitigation [by] reducing their total emissions by 33 million tonnes in the past reporting year - equivalent to turning London's car owners into cyclists for two and a half years".

CDP cites electric utility company Iberdrola that has invested US$3.8 billion in energy monitoring and distributions systems to cut its annual emissions by 50,000 tonnes; General Motors that has reduced supply chain costs by US$287 million and a yearly carbon output by 244,000 tonnes by route optimisation and switching from road to rail; and Spanish industrial technology firm Abengoa that saves US$911 million annually with two solar power plants.

Paul Simpson, chief executive officer of CDP noted: "The bottom line is at risk from the climate crisis. The unprecedented environmental challenges that we confront today are also economic problems. This irrefutable fact is filtering through to companies and investors. The businesses that have made it onto our first ever global list of climate performance leaders are to be congratulated for their progress; they debunk economic arguments against reducing emissions."

The CDP says almost half of the performance index leaders are based in Europe, with a further third located in the U.S. or Japan. More than a quarter of the Spanish and Belgian companies that took part were awarded an "A" on the index, proportionally giving Spain and Belgium the most leaders – a result echoed by Portugal, the Netherlands and South Korea.

News

Written on 15/02/2018, 17:39
first-uae-built-satellite-nears-launch-dateDUBAI: February 15, 2018. The first satellite developed and built at the Mohammed Bin Rashid Space Centre (MBRSC) by Emirati engineers has been flown to...
Written on 14/02/2018, 22:30
saudi-arabia-and-uae-provide-mobile-lift-for-yemen-aid-programSANA'A, Yemen. February 12, 2018. Prior to disbursing US$1.0 billion in humanitarian aid to Yemen next month, Saudi Arabia and the UAE recently arranged...
Written on 14/02/2018, 16:09
master-showjumpers-travel-in-styleHONG KONG: February 14, 2018. The latest Longines Masters equestrian event ended last weekend with a Grand Prix win by France's Patrice Delaveau on his...
Written on 12/02/2018, 18:37
humanitarian-logistics-databank-launchedDUBAI: February 11, 2018. The Humanitarian Logistics Databank, an information-sharing platform for aid agencies, has been launched by Princess Haya bint...
Written on 10/02/2018, 23:29
gac-to-manage-yamal-lng-icebreaker-fleetSABETTA PORT, Russia. February 09, 2018. The Yamal LNG gas project has appointed GAC Russia to manage its fleet of icebreaker tankers at Sabetta for the...
Written on 09/02/2018, 18:26
drones-about-to-take-off-in-singaporeSINGAPORE: February 07, 2018. Airbus has partnered with the Civil Aviation Authority of Singapore and Singapore Post to test its Skyways package delivery...
Written on 06/02/2018, 15:55
singapore-tops-new-belt-road-indexSINGAPORE: February 05, 2018. According to an index of real estate prospects in 67 countries along China's Belt & Road Initiative (BRI), Singapore,...
Written on 04/02/2018, 21:56
record-profit-for-amazon-undermines-the-need-for-tax-breaksWASHINGTON, DC: February 01, 2018. A report from the U.S. Economic Policy Institute (EPI) concludes Amazon fulfillment centers do not boost overall...
Written on 04/02/2018, 21:27
tiaca-adopts-new-vision-with-makeoverMIAMI: January 31, 2018. The International Air Cargo Association has announced a new vision that includes more training and consultancy projects to ensure...
Written on 04/02/2018, 20:26
cartel-members-fined-169-millionLUXEMBOURG: February 01, 2018. The Court of Justice of the European Union has upheld €169 million in fines originally imposed by the European Commission...
Written on 01/02/2018, 20:16
iata-confirms-a-record-year-for-air-cargoGENEVA: January 29, 2018. IATA reports a 9.0 percent year-on-year increase in freight tonne-kilometers (FTKs) in 2017, noting it was the strongest...
Written on 28/01/2018, 18:01
us-4-5-trillion-circular-economy-goes-mainstreamDAVOS, Switzerland: January 24, 2018. BMW has joined 29 major corporations with collective annual revenues of US$1.3 trillion in supporting a circular...
Written on 27/01/2018, 01:21
low-marks-for-russian-corporate-transparencyMOSCOW: January 25, 2018. Transparency International (TI) Russia has published a first-ever study on the financial transparency of 200 Russian companies...
Written on 27/01/2018, 00:09
boeing-loses-bombardier-anti-dumping-caseWASHINGTON, DC: January 26, 2018. In a blow to the Trump administration and Boeing, the U.S. International Trade Commission (ITC) has ruled unanimously...
Written on 26/01/2018, 21:28
ndia-s-gst-expected-to-reduce-tax-ratesKUWAIT CITY: January 25, 2018. According to the latest survey of global logistics executives by Agility, India's GDP is accelerating again after early...
Written on 23/01/2018, 20:30
logistics-industry-optimism-for-emerging-marketsBAAR, Switzerland: January 22, 2018. Emerging markets have ignored growing populism in the U.S. and parts of Europe to "look brighter than they have in...
Written on 22/01/2018, 18:23
u-s-imposes-mandatory-air-cargo-screeningWASHINGTON, DC: January 22, 2018. The U.S. Transportation Security Administration (TSA) has issued an emergency order requiring airlines flying to the...
Written on 18/01/2018, 20:29
extreme-weather-is-world-s-greatest-economic-risk LONDON: January 17, 2018. The latest Global Risks Report from the World Economic Forum (WEF) says extreme weather events are seen as the greatest...
Written on 18/01/2018, 15:17
amazon-shortlists-20-u-s-cities-for-second-headquartersSEATTLE: January 18, 2018. Amazon has chosen 19 U.S. cities plus Toronto, Canada from 238 locations across the U.S., Canada, and Mexico as possible sites...
Written on 17/01/2018, 21:42
seat-builds-spain-s-tallest-logistics-warehouseBARCELONA: January 15, 2018. Car manufacturer SEAT (Sociedad Española de Automóviles de Turismo) is constructing a new automated logistics center to store...

- powered by Quickchilli.com -