• 12-SEP-2013

  • By PwC

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

PricewaterhouseCoopers LLP Logo
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