‘Only 1/4 of firms disclose financial risks of climate change’

Almost three-quarters of large global companies do not acknowledge the financial risks of climate change in their annual reports. That’s according to new data from professional services firm KPMG, which compiles annual reports from 49 countries’ largest 100 businesses. It found only five countries in the world where a majority of the top 100 companies […]

‘Look at carbon footprint of Russian products for Sochi’s green legacy’

The Carbon Trust is calling on Russia to look at the lifetime carbon emissions of its exports to win a lasting ‘green’ legacy for the Sochi Winter Olympics in 2014. The recommendation comes in a report published by the trust and commissioned by a development branch of the UN. With many companies trying to go green, […]

Big firms 'don't show evidence their carbon reports are A-OK'

Not enough big companies have measures in place to show their sustainability and carbon reporting is done properly, according to a new report from Carbon Smart. Every year the firm measures the quality of ‘assurance statements’ released by companies alongside their reports. An assurance statement shows the report has been done correctly and that the […]

Ofgem slaps £375k fine on Welsh utility

Ofgem slapped a £375,000 fine on a Welsh utility after the firm admitted it didn’t keep up with reports about replacing iron gas pipes. Wales & West Utilities (WWU) breached its obligations to deliver “timely and accurate data” about this work three times between 2006 and 2009. The company voluntarily confessed to saying it decommissioned […]

Merry Christmas to all our readers!

I’d like to take this chance to say thanks to all of you for reading and watching ELN over the past year. What a year 2011 has been in terms of energy and in terms of our growth. Next week we’ll bring you a review of the year and you’ll see just how much has […]