Slow progress on Europe’s corporate emissions

A survey of the top 300 European firms has found that the majority still fail to provide complete and verified emissions data, with wide differences in carbon intensity even within the same sectors

Two insurance and asset management giants, UK-based Aviva and Dutch firm Aegon, top an independent carbon reporting ranking of Europe’s 300 largest companies. They have carbon intensities of 0.85 and 1.35 tonnes CO2 equivalent per million dollars turnover respectively.

The study, by the Environmental Investment Organisation (EIO), a UK-based independent non-profit research body, revealed that just 129 of the 300 companies (43%) publicly disclose complete and independently verified Scope 1 and 2 emissions data. These are from sources directly under the firm’s control and indirect emissions due to electricity use.

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