Thursday 22 August 2019

Well known Irish companies ranked for efforts in tackling climate change

(Stock picture)
(Stock picture)
Louise Kelly

Louise Kelly

Kingspan and AIB have ranked highly on a list of Irish firms leading the way in terms of climate change mitigation.

According to the CDP Ireland Climate Change Report 2017 published today, these companies made the 'A List' and were placed on a list of only 114 companies, a measure of both firms' disclosure and performance.

CDP, formerly the Carbon Disclosure Project, is the international investor led not-for-profit that measures environmental impact of thousands of companies around the world. 

Other companies that received a mention for their A-rating include Accenture, Ingersoll-Rand, Shire and Seagate.

"This year more than 6,300 companies, accounting for around 55pc of the total value of global listed equity markets, have disclosed information on climate change, water and deforestation through our reporting platform," CDP’s chief executive officer Paul Simpson said.

"The request for information from CDP was made on behalf of more than 800 investors with assets of over $100 trillion. It’s encouraging to see companies setting longer term targets, and data will be key to seeing how they are performing against these over time."

Emma Jane Joyce
Emma Jane Joyce

Glanbia Plc, Origin Enterprises and An Post were applauded for reporting for the first time in 2017 while Smurfit Kappa Plc was congratulated for being the only Irish company to participate in CDP’s water and forest monitoring programmes, in addition to the core climate change programme.

"Measurement and transparency are where meaningful climate action starts and it’s clear that investors are taking an ever-increasing interest in the environmental footprint of companies they invest in," Emma Jane Joyce, Chairperson of the CDP Ireland Network, said.

The annual CDP report highlights the best performers in Ireland, as well as companies who do not disclose their climate change impacts.

The report will be launched at an event this evening at the Royal Hospital Kilmainham.

Companies who were asked to respond to the CDP’s questionnaire but didn’t included Dalata Hotel Group, Paddy Power Betfair, Ryanair and Permanent TSB Group.

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