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27 Irish-based firms receive 'F' grade for not disclosing carbon emissions

In 2017 there has been a total of 220 companies operating in Ireland making disclosures to CDP (formerly Carbon Disclosure Project), a 9% increase on last year
In 2017 there has been a total of 220 companies operating in Ireland making disclosures to CDP (formerly Carbon Disclosure Project), a 9% increase on last year

The number of Irish-headquartered companies have failed to report on their carbon emissions, a new report from a not-for-profit measuring the environmental impact of thousands of companies globally.

Ryanair, and Permanent TSB, Paddy Power Betfair, and Dalata Hotel Group are among 27 firms here to be given an 'F' grade for failing to disclose emissions details for the CDP Ireland Climate Change Report 2017.

However, overall the number of Irish-based firms reporting on their carbon emissions rose by a fifth to 30 last year, with Kingspan and AIB receiving the top grade, placing them on a list of only 114 companies globally on CDP’s 'A List'.

In 2017 there has been a total of 220 companies operating in Ireland making disclosures to CDP (formerly Carbon Disclosure Project), a 9% increase on last year.

Commenting on the report, CDP Chief Executive Paul Simpson said: "This year more than 6,300 companies, accounting for around 55% of the total value of global listed equity markets, have disclosed information on climate change, water and deforestation through our reporting platform.

"The request for information from CDP was made on behalf of more than 800 investors with assets of over $100 trillion. It’s encouraging to see companies setting longer term targets, and data will be key to seeing how they are performing against these over time."

The annual CDP report will be launched at an event this evening at the Royal Hospital Kilmainham.