FT lists fridge companies as climate leaders
UK: Air conditioning and refrigeration companies Johnson Controls, Trane Technologies and Epta are amongst 300 global companies deemed to have achieved the greatest greenhouse gas emission reductions.
The new listing by UK newspaper the Financial Times (FT), based on research by Statista, details the leaders in fighting climate change, it also underlines the scale of the challenges still confronting business leaders and politicians.
The FT list includes the 300 companies that achieved the greatest reduction in their greenhouse gas (GHG) emissions intensity between 2014 and 2019. Emissions intensity is defined as tonnes of emissions of CO2-equivalent per €1m of revenue.
Some way behind the top listed company – UK clothing manufacturer Superdry’s with a 51.9% reduction – Johnson Controls is listed as having reduced emissions by 10.4%, Trane Technologies by 8.7% and Italian commercial refrigeration manufacturer Epta by 7.2%.
Other air conditioning and refrigeration related businesses listed include French refrigerant manufacturer Arkema (8.3%), UK HVAC hire company Aggreko (22.2%), Swiss piping systems manufacturer Georg Fischer (9.7%), UK FM company MITIE (10.5%) and UK builders’ merchant, and owner of TF Solutions, Travis Perkins (9.6%).
Though some of the percentages are comfortably into double figures, they only take account of so-called Scope 1 and Scope 2 emissions — that is, respectively, those directly produced by a company itself, and those produced in generating the energy used by the company. Scope 3 emissions, which occur at all other points in the value chain, are not factored in, as there is no single standard for reporting them.
Interestingly, the UK is home to by far the largest number of companies on the list, 93 in total, followed by Switzerland and Germany, with 35 each.