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Accenture: Italian Companies Show Growing Commitment to Carbon Disclosure

By Rob Starr, Content Manager, Big4.com

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.

Climate change is taking on greater importance on the agendas of publicly listed companies, with an increasing number of firms (95 percent from 61 percent in 2011) reporting that they have entrusted climate-change management to their boards. The report also shows that over half of companies (58 percent) set reductions targets, which includes seven of 8 utilities respondents and 4 out of 6 from the industrials sector.

Despite this, just five firms set long-term goals to be reached by 2020. Of the total, 90 percent of the targets are set for 2015, but 40 percent of these are expected to be reached by the end of 2012.

The top ten firms making up the Carbon Disclosure Leadership Index (CDLI) this year improved their scores by seven points. Last year the top ten came from five sectors. This year they represent seven (Consumer Goods, Energy, Finance, Materials, Industry, Information Technology, and Public Services). Twenty scored more than CDP’s ‘high scorer’ benchmark of 70, up from 13 in 2011.

 

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