Sun, 03/07/2010 - 06:08
The non-profit Environmental Investment Organisation launched a series of global and regional Carbon Rankings of the world's largest companies based on absolute greenhouse gas emissions and the reliability of the data disclosed.
To view the Rankings online please visit http://etindex.com/etindex.sife.php
Highlights:
Verification Leaders:
Natura Cosmeticos SA - Brazil
Novozymes AS - Denmark
AstraZeneca Plc - United Kingdom
Vestas Wind Systems AS - Denmark
Panasonic Elec. Works - Japan
Panasonic Corp - Japan
Repsol YPF-SA - Spain
Bottom 10 of ET Global 1000 Carbon Ranking
Goldman Sachs - United States
Rosneft Oil - Russia
Philip Morris International - United States
Sanofi-Aventis - France
Gazprom - Russia
China Petroleum & Chemical - China
General Electric - United States
Petrobras - Brazil
Berkshire Hathaway - United States
Industrial & Commercial Bank of China - China
For information: The Rankings go further than a simple "naming and shaming" campaign as they have been specifically designed to create an effective tool for investors to help tackle climate change.
Each companies within the indexes is penalised or rewarded according to its position in the Carbon Ranking, which means that if a large enough pool of investors begin to track these indexes then pressure can be applied to a company's share price to reduce its emissions.
The Environmental Tracking indexes, as they are known, effectively offer investors the same risk-returns profile as traditional index methods, whilst also providing a mechanism to harness the power of the financial system to bridge the greatest gap currently facing the climate change movement - the lack of incentive for individuals, companies and governments to act.
http://etindex.com/etindex.sife.php
