RANKED 294 OF 300 LARGEST EU COMPANIES
Friends of the Irish Environment are urging the Kerry Group to publicly release its greenhouse gas emission figures as the Company is ranked 294th in a new UK Report on the 300 largest companies in Europe.
The Report shows that the Kerry Group failed to provide ‘public, complete, and verified' data for their Scope 1 & 2 Greenhouse Gas (GHG) emissions under The Greenhouse Gas Protocol (GHG Protocol). The information is also not available in their recent Annual Report.
A spokesman for Friends of the Environment said that ‘the lack of publicly available data will have significantly impacted unfavourably on the Kerry Group's ranking.‘
28 APRIL 2011
KERRY GROUP URGED TO PUBLICLY RELEASE GREENHOUSE GAS FIGURES
The environmental lobby group Friends of the Irish Environment have urged the Kerry Group to publicly release its greenhouse gas emission figures as the Company is ranked 294th out of the 300 largest companies in Europe in Greenhouse Gas emissions.
The ranking is in a Report prepared by Environmental Investment Organisation, a independent non profit organisation based in the UK. The EIO 300 Carbon Ranking focuses not just on emissions but also on levels of disclosure and verification.
By comparison, CRH ranks 111th out of 300.
Sam Gill, Operational Director of the EIO, said, "The purpose of the Carbon Rankings is two fold: to highlight the carbon emissions and levels of disclosure of the world’s largest companies with the aim of fostering greater transparency and to form the basis of a series of stock market indexes, designed specifically to provide the investment community with a viable tool for tackling climate change."
The Report shows that the Kerry Group failed to provide ‘public, complete, and verified’ data for their Scope 1 & 2 Greenhouse Gas (GHG) emissions under The Greenhouse Gas Protocol (GHG Protocol). 13% of the top 300 companies fail to provide publicly available data.
The Kerry Group claimed in response that they could not be responsible for providing figures for every organisation but that they did so for the Carbon Disclosure Project (CDP) and for any governmental requirements.
However, the group does not allow the figures provided to the CDP to be made publicly available by the CDP. Nor are such figures included in its recently release Annual Report.
A spokesman for Friends of the Environment said that the lack of publicly available data may well have impacted unfavourably on the Kerry Group’s ranking, as a worst case figure is inferred based on the highest reported emissions intensity by any company within the same sector.
‘While the rankings in themselves are not an indicator of a companies environmental responsibility because they compare highly polluting industries with other sectors like banking and insurance, it would benefit the Kerry Group as well as the environment to ensure that it makes publicly available its emission before further such reports damage Ireland’s green image in Europe.’
‘The Irish authorities should require companies operating in Ireland to follow the guidelines provided by international protocols for reporting greenhouse gas emissions publicly in a clear manner.’
Verification: Tony Lowes 027 74771 / 087 2176316
The Greenhouse Gas Protocol (GHG Protocol) is the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions.
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