The Sustainability Reporting Performance by EcoAct: How some of the largest companies in the world are acting and reporting on climate change.

To understand how some of the largest companies based in the UK and internationally are tackling climate-related sustainability issues this detailed report by EcoAct plays an very crucial role.

The key areas of focus for this year’s report are:

Net Zero: How companies will contribute to the Net Zero transition.
Climate Risk: How companies should be assessing and disclosing climate risks and opportunities.
Target-Setting: Goal of limiting global warming to 1.5 degrees centigrade or well below 2 degree celcius as advised by the IPCC.
COVID-19: Global pandemic which has meant enormous and unparalleled challenges for many
businesses.

The Top three Companies and FTSE leaderboard:

Top 3 companies:

Unilever
BT Group
Landsec

FTSE leaderboard:

This year’s Top 20 performing companies have an average score of 76.8% compared to 75.4% last year. It is encouraging to see that companies appear to be increasing their actions in line with rising best practice, as this year our scoring has become increasingly strict. Although there have been changes at the top of the rankings, the Financial Services; and Energy, Water and Multi utilities sectors, also well represented last year, continue to predominate.

The report defines ‘sustainability’ as environmental sustainability, rather than wider, social and governance issues. Each company is scored against 64 questions with a maximum of 72 points available from the areas as Measurement and Reporting including the disclosure of carbon footprint data and its calculation methodology ; Strategy and Governance for achieving the commitments; Targets and Reduction with inclusions of absolute and relative reductions in carbon footprint and Engagement and Innovation on how companies are successfully influencing stakeholder behaviour, rather than simply providing them with information.

Source: https://eco-act.com/resources/

Website: https://eco-act.com/

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