By Rob Starr, Content Manager, Big4com
Italian companies have improved their level of carbon disclosure, according to a report published today by the Carbon Disclosure Project (CDP) and Accenture (NYSE: ACN), which reveals that nearly half of Italy’s largest companies are disclosing their carbon and emissions performance.
“Italian companies have significantly improved their transparency on their emissions performance and their growing commitment to disclosure will help reduce financial risks and improve their standing with investors and insurers,” said Danilo Troncarelli, of Accenture. “More importantly, better quality measurement of emissions performance will drive more advanced forms of emissions management that will positively impact the bottom line.”
This year companies were all scored by IMQ, the Italian Institute for the Quality Mark, Italy’s certification body and a European leader in conformity assessments. IMQ rated companies according to their climate change transparency with the best disclosers entering CDP’s Carbon Disclosure Leadership Index (CDLI). Companies were also assessed according to the scale and quality of their emissions reductions and strategies, and ranked according to performance bands. The best performers enter CDP’s Carbon Performance Leadership Index (CPLI). The indices are used by investors to assess corporate preparedness for national emissions regulation and to guide investment decisions.