The ET Carbon Rankings: the world’s largest companies ranked by absolute greenhouse gas emissions.
Launch of ET Carbon Ranking
Monday 22.02.2010 saw the launch of the Environmental Investment Organisation’s new Global Carbon Rankings. For the first time a Ranking has been created which penalises and rewards companies on a global scale against absolute emissions with a particular emphasis on the reliability of the data being provided.
The effect of the Rankings is first and foremost to encourage disclosure and verification amongst companies. It will then begin to create incentives for companies to reduce their emissions through share price pressure.
Over the coming months the Environmental Investment Organisation will be working with the investment community to put the final touches to its Environmental Tracking (ET) Index Series so as to make them as attractive as possible to large scale index investors.
Michael Gill, chairman of the EIO and former City analyst points out: “due to the way the indexes have been designed – that is to replicate traditional mainstream indexes with minimum tracking error whilst still applying sufficient pressure to companies to reduce their emissions – we expect the investment community to respond well to this new product which offers them a tool harness the power of the financial system in tackling climate change.”
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Tags: 350ppm, carbon, Carbon Budget, Carbon Footprint, carbon ranking, climate, Climate change, co2, combating climate change, environment, global temperatur, Global Warming, greenhouse gas, klima, low carbon, UNFCCC
