• 12-SEP-2013

PwC / CDP 2013: Path to low carbon business "likely to be littered with awkward compromises and trade offs" on growth, environment and communities

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PwC comment on CDP Global 500 Climate Change report 2013

PwC's Jonathan Grant, director, PwC sustainability and climate change and a specialist in climate policy and carbon emissions, comments on the results of the CDP Global 500 Climate Change report 2013 released today.

The report, co-written by PwC and CDP provides the most comprehensive analysis of corporate progress on climate change. The results underline the concerns of a lack of progress on breaking the link between rising emissions and economic growth. Key findings include:
  • Total Scope 1 & 2 emissions have fallen, but the largest 50 emitters, which account for 73% of 2013's total, have increased again
  • The 50 largest emitters have increased their emissions since 2009, as a slow economic recovery has gathered pace
  • Current reporting of indirect emissions in company supply chains is incomplete and does not reveal the full impact of company operations
  • 80% of responding companies are providing financial incentives for employees, particularly at board level to drive emissions reductions