If any area exemplifies the mix of disaster, inertia and chance that local weather change creates, it’s Asia.
The floods and heatwaves that struck it this 12 months — with China reporting a file temperature of 52C in July — had been, in accordance with scientists, all pushed by local weather change, which is brought on largely by the CO₂ emitted by fossil fuels.
Asia is by far the world’s largest CO₂ emitter, with a lot of it coming from the still-growing use of coal — extensively seen because the dirtiest gas — in energy technology. However, on the identical time, governments are accelerating efforts to deal with local weather change, within the type of new or stricter emissions buying and selling schemes, and substantial help for renewable power expertise.
So, how are the area’s companies responding to those traits? To assist reply this query, the Monetary Instances and Statista, the German knowledge supplier, are compiling their third annual checklist of Asia-Pacific Local weather Leaders.
The intention is to determine these firms whose greenhouse gasoline emissions depth — that’s, emissions relative to income — fell essentially the most between 2017 and 2022. The checklist can be revealed in a print complement of the Monetary Instances in mid-2024 and on-line at ft.com. A sister checklist protecting European firms could be discovered right here.
All Asia-Pacific firms with a minimal income of $50mn in 2022 are eligible for consideration (see under for the complete checklist of eligible nations).
With the intention to take part, we invite you to fill out a brief questionnaire about your organization’s GHG emissions for all out there years between 2017 and 2022, and its income over the identical interval (or, for banks, the web curiosity revenue). We additionally ask you to ship us a knowledge verification kind, which must be downloaded and signed.
As in earlier years, eligibility for the checklist can be decided mainly by the compound annual discount fee (CARR) within the depth of Scope 1 and Scope 2 emissions, which come up respectively from an organization’s personal operations and from the power it purchases.
Nonetheless, whereas Scope 1 and a couple of emissions are comparatively simple to measure, they’re usually dwarfed by so-called Scope 3 emissions, which happen elsewhere within the worth chain and are far tougher to quantify. Companies’ transparency on Scope 3 will due to this fact additionally contribute to their closing rating within the checklist, together with their efficiency as assessed by local weather standard-setters CDP and SBTi, and their progress on absolute emissions.
Potential candidates can be contacted by Statista or can put their identify ahead on the Statista web site, which additionally has extra details about the methodology, circumstances of participation and helpful contacts.
Why ought to my firm take part?
▩ NEW BUSINESS OPPORTUNITIES
Inclusion within the Asia-Pacific Local weather Leaders checklist can be a visual and public acknowledgment of your organization’s environmental efficiency that extends far past your particular business and nation. It is going to additionally generate consideration for what you are promoting on the a part of potential companions, clients, staff and buyers world wide.
▩ EFFECTIVE MEDIA COVERAGE
The complete checklist can be revealed in a particular report (a complement inside a weekday version of the FT newspaper), and on-line at ft.com. The report will even embody articles by FT journalists on attention-grabbing firms, sectors and traits throughout the sustainability discipline.
▩ REPUTATION
All firms that make it on to the checklist might use the award brand for advertising purposes¹.
▩ ACCESS TO MORE THAN 1M FACTS
All members that present us with knowledge on their GHG emissions and income will obtain a free two-week Statista company subscription trial — regardless of whether or not or not they’re among the many firms listed within the rating.
Who’s eligible?
To be thought-about for inclusion within the checklist your organization should meet the next standards:
Income of not less than $50mn generated in 2022¹
Headquartered within the Asia-Pacific region²
Reporting emissions knowledge independently
If a CDP score has been assigned, the rating have to be not less than B-³
How do I register?
STEP ONE: ONLINE REGISTRATION
Please register with Statista on-line right here by December 22 2023. Alternatively, you’ll be able to obtain the shape and ship it to [email protected] upon completion.
STEP TWO: DATA VERIFICATION
Your emissions and income knowledge must be verified. The mandatory kind have to be downloaded, signed in particular person by a managing director or a member of your govt committee (chief govt or chief sustainability officer), after which despatched to Statista by electronic mail, fax or mail. All crucial tackle particulars could be discovered on the shape.
Contact particulars
Ought to you might have any extra questions or would in any other case wish to contact us, please electronic mail [email protected]