26 Apr 2011 12:04:09
Aviva tops European carbon intensity league table
Financial companies have fared best in a list of Europe's 300 biggest companies ranked by their greenhouse gas emissions.
Topping the list, which was compiled by the UK-based Environmental Investment Organisation (EIO), was the insurance giant Aviva, followed by Dutch financial services firm Aegon. The pair had carbon intensity ratings of 0.85 and 1.35 respectively.
Also performing well in the rankings were Swisscom, Nokia and BSkyB.
The EIO bases its results on both scope one and two emissions based on the Greenhouse Gas Protocol, with the companies performing best reporting "public, complete and verified" emissions data. Just 129 companies of the 300 assessed were said to reach this standard.
Polish mining company KGHM came last in the rankings.
"We urgently need to start considering ways in which we can harness the enormous power wielded by the investment system and use it to change corporate behaviour and cut emissions," Michael Gill, EIO chairman and founder, said.
The EIO's list of the UK's 100 biggest companies based on their emissions was released last year, placing the insurer Amlin at the top, followed by Aviva.