Some corporate sponsors of the COP21 Paris climate talks are failing to properly report their greenhouse gas (GHG) emissions a new reportย reveals.
The Paris climate conference is sponsored by over 60 companies including big polluters EDF, Engie and BNP Paribas. And while countries continue to negotiate a deal on tackling climate change, what have these corporate sponsors brought to theย table?
A new study published this week by French social research group BASIC and the Multinationals Observatory shows that very few of the COP21 sponsors are declaring their GHG emissions in a transparentย way.
The report looked at the GHG emission reduction policies of ten COP21 sponsors: Accor, BNP Paribas, Carrefour, EDF, Engie, Kering, LVMH, LโOrรฉal, Micheline andย Renault.
Of these, only one company โ EDF โ has actually reduced its overall carbon footprint in line with EUย targets.
Corporateย Transparency
Olivier Petitjean of Multinationals Observatory told DeSmog UK: โThere has been a growing trend, especially when you listen to what the French government says, to suggest that corporations have all the solutions to deal with the climate crisis, and that they are the ones that will deliver on the objectives set inย Paris.โ
โBut as we show in our report, private companies are not as exemplary as they’d like to pretend. Only a minority of them report on their emissions in a transparent, accessible way,โ Petitjeanย said.
Only four of the ten companies examined actually publish their GHG emissions data: BNP Paribas, Carrefour, Kering and LVMH. However, none of these companies take into consideration the full impact of its businessโ value chain โ from raw materials to wasteย disposal.
And while half of the companies in the study โ Accor, Kering, LโOrรฉal, Michelin and Renault โ did commission a full assessment of their emissions over the value chain, none of them have shown any GHG emission cuts at thisย scale.
The failure to address a companiesโ upstream and downstream emissions is troubling given that for these COP21 sponsors, the majority of their emissions are located in these areas which represent up to 85 percent of their global GHGย footprint.
Where companies do make GHG reductions, many times this is done through carbon offsets elsewhere rather than investing in emission cuts at their home-operations inย Europe.
EDF andย Engie
In particular, Petitjean highlighted the contradiction between EDF and Engieโs prominence at the climate talks compared to their environmentalย performance.
โThe French government has always been very explicit about its intention to use COP21 to promote the French โnational championsโ, Engie and EDF,โ said Petitjean, noting that both companies have large-scale advertising campaigns going on which highlight their sponsorship of the climateย talks.โ
He continued: โWhen you look at the reality of their investments and their portfolio, the share of renewables is still really minimal, and it mostly comes from gobbling up smallerย companies.โ
Both also continue to invest in coal and have also just signed contracts with Cheniere to import liquefied natural gas from the U.S. starting inย 2017.
Photo: UNFCCC viaย Flickr
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