Majority of Companies Over-Carbon-ated

â–¶ Over Carbon-ated: Seems like companies can only be so green. Over 80% of the world’s top companies aren’t achieving significant carbon emissions reductions, according to the 2010 Carbon Disclosure Project report from PricewaterhouseCoopers. Specific findings of the report include:

• While 65% of the Global 500 have implemented carbon emissions reduction targets, only 19% actually show significant carbon emissions reduction. In fact, Fortune 500 companies contribute 11% of global emissions.

• The report’s top 10 scorers for disclosing greenhouse gas emissions and trying to reduce carbon output include: Con Edison, News Corp., Spectra Energy, Praxair, Cisco Systems, Dean Foods, CSX, Exelon, PG&E and Xcel Energy.

• On a positive note, more companies are actually disclosing their emissions, up from 52% in 2009 to 59% this year, or a 30% increase since 2008. PRN

Source: PricewaterhouseCoopers

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