A new list of Asia-Pacific Climate Leaders is being compiled by the Financial Times and Statista to identify companies that have made significant reductions in their greenhouse gas emissions. The list will highlight those companies whose emissions intensity, measured relative to revenue, has fallen the most between 2017 and 2022. The aim is to recognize businesses that are actively tackling climate change and transitioning to cleaner energy sources.
Asia, being the world’s largest emitter of CO₂, faces significant challenges due to climate change. The region has experienced extreme weather events such as floods and heatwaves, which scientists attribute to climate change caused by CO₂ emissions from fossil fuels. However, governments in the region are also taking steps to combat climate change through the implementation of emissions trading schemes and support for renewable energy technologies.
To be eligible for consideration, companies must have a minimum revenue of $50 million in 2022. Participating companies will be required to fill out a short questionnaire about their greenhouse gas emissions and revenue for the years 2017 to 2022. The determination of eligibility for the list will be based on the compound annual reduction rate in the intensity of Scope 1 and Scope 2 emissions, as well as transparency and performance in reducing absolute emissions.
Inclusion in the Asia-Pacific Climate Leaders list is not only a recognition of a company’s environmental performance but also offers new business opportunities and effective media coverage. The list will be published in a special report by the Financial Times, generating attention from potential partners, customers, employees, and investors worldwide. Participating companies will also receive a free two-week trial of a Statista corporate subscription.
The new list aims to encourage businesses in the Asia-Pacific region to take proactive steps towards reducing their greenhouse gas emissions. By showcasing the companies leading the way in sustainability, the list hopes to inspire others to follow suit and contribute to global efforts to combat climate change.
Definitions:
– CO₂: Carbon dioxide, a greenhouse gas that contributes to climate change.
– Emissions intensity: The amount of greenhouse gas emissions produced per unit of revenue.
– Scope 1 emissions: Emissions that arise from a company’s own operations.
– Scope 2 emissions: Emissions that result from the energy purchased by a company.
– Scope 3 emissions: Emissions that occur elsewhere in the value chain of a company.
Sources:
– Financial Times
– Statista
