Although it seems a contradiction, autumn is the greenest season: the major indexes of investment and recognitions in energy efficiency and climate change are disclosed at this time. Carbon Disclosure Project and The Carbon Trust were published in the past few weeks and The Gigaton Awards will be presented on December 3 in Durban (South Africa), coinciding with Summit on Climate Change COP 17.
Companies, investors, academics and experts are waiting for the awards that honor business for outstanding performance as defined by measurable carbon reductions and quantificable steps towards sustainability.
The Gigaton Awards, launched by the Carbon War Room, are given across five sectors and one overall best-of-best on an annual basis: Consumer Discretionary, Consumer Staples, Telecommunications, Industrials and Utilities. For example, KPN, Swisscom and Telefónica are the finalists in the telecommunications sector.
Winners are selected by an independent Academy, comprised of business and civic leaders, according to both quantitative and qualitative criteria. The Gigaton Awards methodology is a combination of data from the Carbon Disclosure Project’s Global 500 Report (an examination of CO2 reduction strategies at the world’s largest companies), annual emissions intensity analysis for each industry, and ethical criteria.
The awards ceremony, held once a year, culminates in the presentation of the Gigaton Awards, which goes to the company that has demonstrably reduced emissions by the largest absolute amount on an annual basis.
The name Gigaton Awards comes from the objectives that we’re seeking to honor: Looking at companies, sectors and others that are going to help achieve a gigaton scale of emissions reductions.