Top 500 companies' carbon emissions rise despite calls for cuts

Greenhouse gas emissions by the world’s top 500 companies rose 3.1% from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday.

The top 500 firms by capitalisation accounted for 13.8% of world greenhouse gas emissions and 28% of gross domestic product in 2013, according to the report, drawn up by the information provider Thomson Reuters and BSD Consulting, a global sustainability consultancy.

“Almost all of us use products from these companies,” said Tim Nixon, Director of Sustainability at Thomson Reuters. “This is about transparency. We hope companies will look at the report and engage with their stakeholders to reduce emissions.“

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