SOUTH African power utility, Eskom, is the largest of the country’s emitters in its failure to set targets to reduce its impact on the climate, said Bloomberg News citing a report by the Cape Town-based Centre for Environmental Rights (CER).
Eskom also doesn’t disclose who at the company is responsible for assessing its climate-based risks, the CER said. Eskom accounts for two-fifths of South Africa’s greenhouse gas emissions, said Bloomberg News.
South Africa ranks as the continent’s biggest producer of greenhouse gases and matches the level produced by the UK, which has a gross domestic product almost eight times bigger, said the newswire. In July, Eskom said that emissions of particulate matter from its plants were at the highest in two decades.
In addition to Eskom, the steelmaker ArcelorMittal, and Sappi, a wood-pulp company, also don’t disclose details of how they plan to cut emissions. Cement producer PPC is another.
Sasol, South Africa’s second biggest emitter, has set a target as has Anglo American and Gold Fields, said Bloomberg News.
Sasol, Anglo American and South32 are the only companies of the 10 that have linked executive remuneration to climate targets, according to the report. And of those companies only five have disclosed that the board is responsible for oversight of climate-related matters.
ArcelorMittal and coal miner Exxaro Resources don’t identify climate change as a material business risk, the report says.