Governance News from Manifest - ISSN 1745 - 1132

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Environment

Barclays and Morrison accused on climate reporting

 

Barclays Bank and supermarket chain Wm Morrison have been named by Christian Aid as leading examples of inaccurate reporting on climate change. Paul Brannen, the charity’s head of campaigns, said that at many FTSE 100 companies the full extent of emissions are not known, despite their massive emissions of carbon dioxide.

 

Christian Aid is demanding companies publish the full extent of their emissions and commit to a 5% annual reduction. Brannen drew particular attention to the fact that Morrison excludes from its reported emissions those from its transport fleet and supply chain.

 

Barclays is being asked to publicly disclose emissions resulting from its lending and investment activities.

 

Brannen argued that it is the moral duty of the developed world to halt the carbon emissions that are endangering millions in the developed world through rising sea levels, floods and famines.

 

As part of its campaign Christian Aid will demand that the chancellor of the exchequer introduce mandatory carbon emission reporting requirements across UK businesses.

 

Links

Barclays Bank

Wm Morrison

Christian Aid

 

March 2007

   

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