05/26/2023 | Press release | Archived content
The British outlet annually publishes a ranking of the 500 European companies with standout greenhouse gas emission reduction policies, and Applus+ is among them
Applus+ has once again been included in the list of Europe's Climate Leaders from The Financial Times and Statista. This is the second consecutive year that Applus+ has been included in the ranking of companies that stand out for their reduction of greenhouse gas emissions. Emission reduction is essential to ensure that global warming does not increase by more than 1.5ºC as determined by the Paris Agreement.
The main criteria used for the ranking concerns the companies' reduction in Scope 1 and 2 emissions over the last five years, a standard that was endorsed by the UN's Climate Change Panel in March 2023. Furthermore, the transparency in reporting Scope 3 emissions has been very positively regarded by the authors of the ranking. Scope 3 emissions are those assessed along companies' value chains. They also appreciated the fact that the CDP has evaluated our performance and that the Science Based Targets initiative (SBTi) has confirmed Applus+ short-term reduction targets are in line with scientific criteria.
The Financial Times has stated that they raised their standards for the 2023 listing in response to the social pressure to hold companies accountable for their emissions levels. Applus+ received a score of 66.2, with a compound annual reduction rate of 8.3% in Scope 1 and 2 emissions. The majority of the companies on the list are in financial services, followed by transport, logistics and packing, with most of these companies being based in the UK, Germany, and France.
Other very recent positive news on our overall ESG impact comes from Sustainalytics, who has also once again confirmed Applus+ score as a "Low Risk" company in terms of environmental, social and governance (ESG) factors. Applus+ received an improved score of 13.3, with only 7% of assessed companies scoring better. Both recognitions confirm the efficiency of the policies and the positive outcome enacted by Applus+ to be net zero by 2050 and move towards a more sustainable world.