Connect with us

Hi, what are you looking for?


Energy Efficiency

Marks and Spencer Tops FTSE 100 Carbon Ranking For Third Year Running

Marks & Spencer retained its #1 position in Carbon Clear rankings of FTSE 100 companies . These carbon rankings reflect reporting efforts.

All but one company listed at the FTSE 100 reported their greenhouse emissions, thus complying with the mandatory emissions reporting regulations that came into force in October 2013, Carbon Clear has reported.


Marks and Spencer retained its number one position in Carbon Clear rankings of FTSE 100 companies reporting their emissions. Carbon Clear ranks companies against a set of different parameters related to the transparency and comprehensiveness of their emissions reporting. The ranking is not indicative of the measures taken by these companies to reduce their carbon footprint.

In 2011, when Carbon Clear first came out with these rankings, British Sky Broadcasting had topped 93 companies that had reported emissions. Marks and Spencer was a close second that year. The retail giant has been leading companies in the rankings since 2012.

In addition to rigorous and comprehensive emissions reporting standards, Marks and Spencer has also implemented several low-carbon initiatives including a plan to achieve carbon neutrality. In 2007, the company set the target to become carbon neutral, and achieved it by implementing energy efficiency measures across its stores and supply chain, and purchasing carbon offsets to cover all of its emissions.

Through energy efficiency measures, the company saved about 160,000 tonnes of carbon dioxide emissions every year. Last year, the company extended its carbon neutral target to cover all operated and joint venture stores, offices, warehouses and delivery fleets worldwide. The company supports low-carbon projects in several countries including South Africa, Turkey, Kenya, and Borneo.

While United Kingdom laws require all companies listed at the London Stock Exchange to report emissions, companies have been increasingly reporting emissions on a voluntary basis. A study conducted by the University of California – Davis two years ago suggested that voluntary reporting of emissions by companies led to noticeable increase in their share prices compared to companies that do not.

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Mridul currently works as Head-News & Data at Climate Connect Limited, a market research and analytics firm in the renewable energy and carbon markets domain. He earned his Master’s in Technology degree from The Energy & Resources Institute in Renewable Energy Engineering and Management. He also has a bachelor’s degree in Environmental Engineering. Mridul has a keen interest in renewable energy sector in India and emerging carbon markets like China and Australia.


You May Also Like

Clean Power

With more scrapping and more direct reduction using lower carbon technologies such as Midrex' DRI and HYBRIT every decade, and the likely creation of those...

Clean Transport

A new type of autonomous electric train is on track to electrify the US freight rail network and push diesel trucks off the highways,...

Clean Power

Already 2.4 times as expensive as very, very expensive Hinkley. First of a kind, so very likely to double or more in price. Very...

Clean Power

Equator Energy is a fully integrated solar power provider headquarted in Nairobi, Kenya. Equator Energy also has a presence in Uganda, as well as...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.