CDP

It’s Companies, Not Countries That Are Contributing Most to Climate Change

(3BL Media/Justmeans) — If you’ve ever flown across an ocean and looked out the window from 39,000 feet, it’s easy to think about how incredibly vast this planet is, and wonder how one species among thousands could possibly change the meteorological course of something this big. Then, you think about how there is almost no place remotely close to civilization that you can’t get to in two days or less, thanks almost entirely to fossil fuels. Then you think of the hundreds, if not thousands of other airplanes in the air at this same moment, and the millions of cars and trucks on the roads every single moment as they have been for a century or more.

We’re taking this flight of fancy to prepare you for another fact that’s going to be difficult to believe. If you think the intensity of six or seven billion humans generating enough air pollution to irreversibly change the climate is a bit hard to swallow, you’ll need a glass of water to go with this one.

According to the Carbon Disclosure Project’s Carbon Majors Report, the world’s top 100 fossil fuel companies are responsible for 71% of all the emissions produced by humans on Planet Earth.

The numbers come from the Carbon Disclosure Project’s database, which began collecting data, primarily at the country level in 1988, when the UN IPCC was first created in recognition of the potential severity of the problem.

Wall Street And World’s Largest Asset Managers are Awake to Climate Change

(3BL Media/Justmeans) – Decarbonising the global economy is an ambitious plan. Now, corporate leaders understand the size of the challenge and the importance of meeting it. We are on the threshold of an economic revolution that will transform how we think about productive activity and growth.

Ingersoll Rand Focuses on Sustainability Mission

 

(3BL Media/Justmeans) Earlier this week, we wrote that General Motors (GM) received a perfect score in CDP’s climate assessment of the S&P 500. Today I want to talk about another, less well-known company that also did well in these rankings that has been quietly working behind the scenes to reduce their carbon footprint.

Ingersoll Rand is an Irish company with a history dating back to 1871. It now has facilities all over the world. Their first product was a steam-powered rock drill. Today they make a number of products under their own name (industrial and commercial power tools), as well as under several other brands including: Trane (HVAC equipment), Thermo King (refrigerated transport), ARO (fluid handling equipment) and Club Car (golf carts). These types of products have the potential to make a difference in the climate equation and the company knows it. The company has demonstrated a commitment to environmental responsibility throughout its product line.

The CDP report evaluated companies on both their level of climate disclosure as well climate actions. This was done as a service to a substantial investor group that considers these factors essential in evaluating the investment potential of a company. Ingersoll Rand’s 2014 score of 93 was a 13 point improvement over last year and a 38 point increase over 2011, the first year they participated. What has the company done to merit such a substantial increases?

The report evaluations were based on surveys sent to each company. The actual survey responses were not made public. However, the CDP announcement comes on the heels of Ingersoll Rand’s Climate Commitment to increase energy efficiency and reduce greenhouse gas emissions related to operations and products. The company has committed to reducing the greenhouse gas refrigerant footprint of their products by 50 percent and reducing greenhouse gas emissions from its operations by 35 percent by 2020. The company has also committed to invest $500 million in more climate-friendly and energy-efficient products over the next five years.  The results of these actions will undoubtedly show up in future CDP assessments.

This week the company’s Thermo King division is participating in the IAA Commercial Vehicle Show in Hannover, Germany. There they will be announcing new tractor-trailer refrigeration systems utilizing the alternative refrigerant R-452A. This new refrigerant was developed by DuPont as a drop-in replacement for R404 (the current standard) but with a 50% lower global warming potential (GWP). Transitioning to this refrigerant has the potential to avoid 1.6 million metric tons of CO2 in the US by 2020. They will be offering a wide range of other solutions including: pharmaceutical transport solutions,  low-noise PIEK certified refrigerated transport systems, cryonic systems using recovered liquid CO2 R-744, and rooftop air-conditioning units for hybrid and electric buses.

GM Receives CDP Top Rating for Climate Disclosure and Performance

(3Bl Media/Justmeans) - There is a now-famous quote attributed to Charles Wilson, who, in 1953 was the CEO of General Motors. What Wilson supposedly said was, “What’s good for General Motors is good for America.”

While that was never entirely true, GM has recently been doing some things that have been good for America, and the rest of the world, which has also been good for themselves as well.

What GM has been doing is taking action to minimize their carbon emissions and being highly transparent in their reporting of those actions. Enough so that CDP, formerly known as the Carbon Disclosure Project, gave them a perfect score of 100 in their 2014 assessment of all the companies in the S&P 500 based and disclosure and performance.

The CDP report, entitled “Climate Action and Profitability,” was undertaken to provide a massive group of investors representing some $92 trillion in assets with information on the climate actions and disclosure practices of all the companies in the S&P 500. Surveys were sent out to all 500 companies. A total of 348 responded. The report found strong correlation between climate action and profitability, specifically, return on equity (ROE).

Kellogg Improves Sustainability Score

The Carbon Disclosure Project has released its latest report and Kellogg is one of the companies singled out for praise

Subscribe to CDP