CDP FTSE 350 report

CDP submissions for 2011 show that UK companies must set more ambitious greenhouse gas (GHG) emissions reduction targets if the UK is to meet its Carbon Budgets.

While there has been an increase in the number of reporting companies setting reduction targets, it is still only just under a quarter of companies who have set absolute targets, with the remainder adopting intensity targets.

 

Some of the key findings from this year’s report are highlighted below:

  • 66% (138) of FTSE 350 respondents disclosed emissions reduction targets, an overall increase from 58% (126) in 2010.

  • 91% (190) of respondents have established emissions reduction activities whether or not they have targets in place, up from 69% (150) in 2010.

  • 38% (79) of respondents have reduced emissions from some or all of their business by implementing specific emissions reduction measures in the last year.

  • 65% (135) of respondents provided financial incentives to staff to better manage climate change issues, versus 51% (111) in 2010.

  • 75% of emissions reduction activities by FTSE 350 respondents had paybacks of three years or less.

  • 33% (114 companies) of the FTSE 350 failed to respond this year.