Displaying items by tag: Greenhouse Gas Emissions by Big Businesses

New UK rules require big companies to disclose their greenhouse gas emissions. 12% of businesses have cut greenhouse gas emissions enough to keep global warming below two degrees and only 20 of 160 big emitters are reducing emissions fast enough to meet the Paris agreement. Meanwhile globally a quarter of the highest-emitting publicly-listed companies have actually failed to even report their greenhouse gas emissions and nearly half do not properly consider the risks from the climate crisis in decision-making. The wealthy are causing climate change. It is over three years since the Paris agreement and although the corporate sector is improving its climate planning and performance, it is not fast enough. Barely 12% of companies in oil, gas, steel, aluminium, utilities, car manufacturing and air transport plan to reduce emissions at the rate required to keep global warming below 2C.