SA firms score for carbon disclosure

19 November 2010

South African companies had the fourth-highest response rate of 20 countries surveyed for their disclosure of greenhouse gas emissions in the 2010 report of the Carbon Disclosure Project.

“As many as 74 of the JSE’s top 100 companies responded to the 2010 Carbon Disclosure Project, the fourth-highest response rate among 20 countries in which 4 500 of the world’s largest corporations were surveyed,” the National Business Initiative said last week.

The response by corporate South Africa was evidence that climate change was high on the agenda of local companies, the NBI said.

The UK-based Carbon Disclosure Project is an independent not-for-profit organisation holding the largest database of primary corporate climate change information in the world.

Banking group FirstRand and mining company Gold Fields scored 93 percent on the organisation’s carbon disclosure leadership index (CDLI), the highest rating for the level of greenhouse gas emission disclosures.

They were followed by Anglo Platinum and Medi Clinic with a CDLI of 89 percent, and Nedbank with 88 percent.

Barloworld, Gold Fields, Nedbank and Woolworths received the CDLI for their performance in climate change mitigation and adaptation.

Of the 74 companies which responded to the survey, 94 percent disclosed their greenhouse gas emissions, an improvement from the 87 percent of 2009.

However, the real estate sector had a low response rate this year, with only one listed company participating.

The report found that climate change issues were increasingly being integrated into the governance activities of companies.

“Of the 74 respondent companies, 68 report having board committees or executive bodies responsible for climate change,” the report found.