Tuesday, 15 January 2019

LafargeHolcim named second worst company for increasing CO2 emissions

The parent company of Aggregate Industries has been named by Sasja Beslik, the head of sustainable finance at Nordea, as the second worst company for increasing CO2 emissions in the five years between 2011 and 2016.

It’s something to bear in mind when AI – a company that now emits some 1.3 million tonnes of CO2 each year, a fivefold increase in 20 years – tweets greenwash photos of wind farms in the setting sun:

Of course, it's not just pretty photos that AI uses to greenwash its activities. Take AI’s sustainability reports; take the one from 2016, where the company claims:
We are committed to tackling climate change.
At Aggregate Industries we’ll continue our mission to cut our net CO2 emissions of all products.
We reduce our impact on climate change through the development, manufacture or promotion of innovative and sustainable products and solutions.
Unfortunately, however, AI's record is not one of cutting net CO2 emissions, nor of a reducing impact on climate change.

The chart below – which from 2016 includes emissions from two cement operations – shows AI’s commitment to tackling climate change. As we posted in The CO2 emissions that AI ‘forgot’ in 2016:
AI has talked about reducing its CO2 emissions for more than 15 years, and has achieved exactly the reverse. It is plainly in denial: denial about having to do anything to change the way it operates, denial about having to do anything to reduce its contribution to an impending climate catastrophe.
But is anyone surprised? Profits will obviously speak louder to AI – and its LafargeHolcim bean counters – than our "existential threat" to humanity.