2.22.2011

Bonus bonus gem

Another gem from the confused world of all things to do with rankings and ratings. This one comes to us courtesy of the Environmental Investment Organisation: The ET UK 100 Carbon Rankings.

The ranking has the objective of "creating public pressure through the spotlight effect" and is "specifically designed to reduce global corporate greenhouse gas emissions"--ah, ambition. So, we're using yet another ranking to make sure corporates are making enough incremental changes to cut their emissions? And we're spotlighting the ones that aren't doing enough? Fine.

But as always, here lieth the gems of the top 10:

  • #6: Imperial Tobacco
  • #10: RBS
Right, the one bank that no one should be investing in. And a tobacco company. Remind me again why this ranking exists?

"The Environmental Investment Organisation (EIO) is an independent non-profit body that seeks to improve the environmental "output" of the financial system."

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