Carbon Emissions – The Conversation Has Started
07 August 2013
Posted by: Author: Bradley Preston
Author: Bradley Preston (MoneywebTax)
Increased focus by investors on environmental concerns.
In May National Treasury introduced the carbon tax policy paper, titled "Reducing greenhouse gas emissions and facilitating the transition to a green economy", for public comment. The debate has started. Where do corporates currently stand on the issue and what is likely to be the impact of the proposed carbon tax starting in 2015? Mergence Investment Managers has done some recent research described below.
The Carbon Disclosure Project (CDP) is a global initiative to promote the measurement and disclosure of environmental impact by listed companies. South Africa has participated in the CDP since 2007 and since 2008 the largest 100 companies on the JSE All Share Index have been sent requests to participate in the survey.
The CDP 2012 response rate of 78% ranks South Africa as the second highest response rate internationally behind Europe which had a response rate of 92%. South Africa compares very positively in comparison to developing region samples such as Brazil (65%), China (23%), India (26%) and Russia (8%). In April, London based research house Environmental Investment Organisation released a series of annual index reports which confirm this, showing that South Africa has the highest percentage of top companies that disclose their greenhouse gas emissions out of all Brics members.
To read the full article please click here: