Kingspan is among the companies named on the latest Climate ‘A’ List by CDP - a not-for-profit group measuring the environmental impact of firms.
The company, the only Irish-listed one on the list, claims its products help its customers reduce their annual energy consumption by 148,600m kilowatt hours – the equivalent to six times the annual energy consumption of Dublin city.
CDP’s report ‘Out of the starting blocks: Tracking progress on corporate climate action’ presents carbon emissions and climate change mitigation data from 1,089 companies, disclosed to CDP at the request of 827 institutional investors with assets of $100 trillion (€92 trillion).
Others on CDP’s list of 194 firms include Microsoft, Citigroup, and Unilever.
This is Kingspan’s second successive year on the ‘A’ list as it aims to reach net-zero energy use at its facilities by 2020, with renewable energy use across more than 90 manufacturing sites forecast to account for 57% of its consumption this year.
Commenting on the achievement, Kingspan CEO Gene Murtagh said: “The building sector contributes around 30% of global annual greenhouse gas emissions and consumes up to 40% of all energy, which means our sector has a crucial role to play in helping countries hit the new targets set in last year’s Paris Agreement.”
The Climate A List has been released the week before the Paris Climate Change Agreement on climate change negotiated last year comes into force on 4 November.
To date 85 of the 190 parties to the UN Framework Convention on Climate Change have ratified the agreement.
