Addressing her annual state of the union speech to the European parliament final month, European Fee president Ursula von der Leyen praised companies’ efforts to chop greenhouse gasoline (GHG) emissions. “Europe’s business is. . . proving that modernisation and decarbonisation can go hand in hand,” she declared.
Nationwide pursuits, nevertheless, imply that Europe’s business doesn’t all the time transfer as swiftly as EU policymakers would love. In March, for instance, Germany pushed efficiently to protect carmakers from a 2035 ban on the sale of combustion engines, by securing an exemption for automobiles that run on supposedly low-carbon e-fuels.
Such tussles would merely be the routine stuff of politics — however for the truth that GHG-driven local weather change is, scientists say, making Europe extra liable to excessive climate, with catastrophic penalties. After one other summer time of heatwaves, wildfires and floods, final month was the continent’s — and the world’s — warmest September on report.
So which European firms are transferring quickest on decarbonisation? To assist reply this query, the Monetary Instances and Statista, the German knowledge supplier, publish an annual listing of those who have achieved the best discount of their GHG emissions depth. The entry interval for companies that suppose they might be eligible for subsequent 12 months’s version, the fourth, has simply begun.
Whereas the 2024 Europe’s Local weather Leaders listing will spotlight the companies whose Scope 1 and a pair of GHG emissions depth — that’s, emissions relative to income — fell essentially the most between 2017 and 2022, it can additionally draw on different metrics.
Scope 1 and a pair of emissions, which come up respectively from an organization’s personal operations and from the power it purchases, are comparatively straightforward to measure. Far tougher to account for, although in lots of circumstances far bigger, are so-called Scope 3 emissions, which happen elsewhere within the worth chain; companies’ transparency on these, along with their efficiency as assessed by local weather standard-setters CDP and SBTi, and their progress on absolute emissions, will assist decide the ultimate listing, which will likely be revealed in an FT print complement in spring 2024, in addition to on-line at ft.com.
All European firms with a minimal income of €40mn or £36mn in 2022 are eligible for consideration (see beneath for the complete listing of eligible nations). In an effort to take part, we invite you to fill out a brief questionnaire about your organization’s GHG emissions for all obtainable years between 2017 and 2022, and its income over the identical interval (or, for banks, the web curiosity earnings). We additionally ask you to ship us a knowledge verification type, which must be downloaded and signed.
Eligibility for the listing will likely be decided by the compound annual discount charge (CARR) of the emissions depth. Potential candidates will likely be contacted by Statista or can put their title 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 Europe’s Local weather Leaders listing will likely be a visual and public acknowledgment of your organization’s environmental efficiency that extends far past your particular business and nation. It should additionally generate consideration for your online business on the a part of potential companions, clients, workers and traders all over the world.
▩ EFFECTIVE MEDIA COVERAGE
The total listing will likely be revealed in a particular report, a complement inside a weekday version of the FT newspaper and on FT.com. The report may also embrace articles by FT journalists on attention-grabbing firms, sectors and developments inside the sustainability area.
▩ REPUTATION
All firms that make it on to the listing could use the award emblem 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 listing your organization should meet the next standards:
Income of not less than €40mn/£36mn generated in 2022¹
Have to be headquartered in Europe²
Should report emissions knowledge independently
In case a CDP ranking is offered, the rating should 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, upon completion, ship it to [email protected] or to the postal deal with given.
STEP TWO: DATA VERIFICATION
Your emissions and income knowledge should be verified. The required type should 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 needed deal with particulars will be discovered on the shape.
Contact particulars
Ought to you may have any extra questions or would in any other case wish to contact us, please electronic mail [email protected]