Issue of the week: SMI companies emit 21 million tonnes of CO2 on average

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Cement company Holcim is the largest CO2 emitter in SMI. Pictured is a rotary kiln that heats raw material to 1600 degrees Celsius at the Holcim cement plant in Untervaz, Graubeğen. (KEYSTONE/Gaetan Bally)

with 130 million tons of CO22 Construction group Holcim is the largest greenhouse gas emitter in Switzerland’s main stock index. ABB technology group is right behind it with approximately 127 million tons. Food company Nestlé is also one of the largest producers of CO2, with 113 million tons.2-Issuers. Data from the previous year were taken into account.

Numbers indicate full CO2-The footprint of a group. From greenhouse gas emissions in operations such as oil heating or vehicle fleets to emissions from the upstream and downstream value chain (Scopes 1, 2 and 3). These arise, for example, from suppliers, logistics or during the use of the products sold.

There is a large gap between the three largest emitters. Logistics group Kühne+Nagel (14 million tons) and building materials group Sika (13 million tons) are in fourth and fifth place.

Financial services providers emit relatively few emissions: major bank UBS and insurers Swiss Re, Swiss Life and Zurich each emit under half a million tonnes of CO22. However, financed emissions are not taken into account here.

(SDA)

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Source :Blick

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Tim

Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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