BASF tops carbon disclosure ranking of world’s largest companies

German chemical company BASF has topped a ranking of the world’s 1300 largest companies on the basis of its carbon disclosure record.

Joining BASF in the top five are Anglo American, Gold Fields, Alcatel-Lucent and Santander.

The rankings, which are compiled by UK NGO the Environmental Investment Organisation (EIO), list companies by their carbon disclosure, covering both direct emissions and – for the first time – ‘Scope 3’ or indirect emissions.

Scope 3 emissions cover those produced by employee commuting and travel, as well as from a company’s supply chain.

BASF was the only company to disclose emissions in all categories of its Scope 3 emissions, as well as its direct Scop1 1 and 2 emissions.

“Scope 3 emissions have been the ‘elephant in the room’ for a long time now, and this has been something that the EIO has been keen to include in its rankings,” says operational director at EIO Sam Gill. “To not include this does not paint an accurate picture of the state of a company’s greenhouse gas emissions across the entire value chain.”

Overall, European companies lead the way, with four in the top ten and 53.6% of those covered by the ranking revealing complete greenhouse gas emission data and verifying it.

Just one nation – the Netherlands – has a 100% record on reporting carbon emissions, followed by Italy and Germany.

By contrast, only one US company Baxter made it into the top ten and only 8.8% of companies in the region reveal and verify their greenhouse gas emissions. A further 39% of US firms do not report any data at all.

As well as its main ranking, EIO also compiles regional lists covering the top 300 companies in North America, Europe and Asia Pacific.

The full rankings will be republished on the first day of the COP17 meeting in Durban later this year, giving companies a final opportunity to make new data publicly available.

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Related stories:
Business coalition issues call to action over climate change to governments (20-Oct)
Half of multinationals looking for low-carbon suppliers, finds report (27-Sept)
Majority of corporations now include climate change in business strategy (15-Sept)
Some FTSE 100 companies still lack emission reduction targets, says Carbon Trust (16-Jun)


02 November 2011