This analysis aims to quantify the amount of greenhouse gases emitted by companies in the S&P ASX200 for fiscal year 2008, identify changes in disclosure levels and carbon intensities between 2006 and 2008, and assess financial risk from carbon costs among companies in carbon-intensive sectors.
Among the main findings are that companies listed in the ASX200 emitted 268.7 million tonnes (Mt) of CO2-e. This is an increase of 25.3 million tonnes since last year. The 10.4% rise is due to a rise in direct and indirect emissions. Some 150.6 Mt CO2-e were directly due to companies’ fuel combustion and industrial processes. Under the GHG Protocol, these are known as direct “Scope 1” emissions. The Metals & Mining sector contributed most to the increase in direct emissions. This sector has seen a 28% rise in its direct emissions since 2007, and a 34% increase since 2006.