The UK government’s Companies Act 2006 requires that all businesses must publicly report on their carbon emissions if they are listed under the following criteria:
- The UKLA (UK Listing Authority e.g. the London Stock exchange)
- Officially listed in any EEA state
- The NASDAQ or NYSE in the USA.
Falling into this category are typically large, multinational firms with resources. Some of these are taking carbon emissions seriously – a letter by BlackRock CEO Larry Fink in January this year, for example, clearly laid out that “Climate Risk is Investment Risk”.
Many large business such as Sainsbury’s, Amazon and Microsoft have made pledges – Sainsbury’s will rework their refrigeration and transport to go zero carbon by 2040, Amazon is seeking to electrify their delivery fleet and be carbon neutral by 2040, and Microsoft has pledged to be carbon negative by 2030. Meanwhile, Ecotricity became the first business to declare a climate emergency — committing to carbon neutrality by 202
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