China's transport industry biggest polluter: report

The transportation industry produces the largest amount of carbon emissions in China, according to a list of companies that do not use fossil fuels co-released by WWF and the Hurun Report on Monday.

The companies surveyed for the list include overseas companies as well as Chinese domestic companies, most of which are listed on the Shanghai Composite Index or Shenzhen Component Index. The list is mostly based on the companies' comprehensive energy consumption and sales revenue.

Industrial and Commercial Bank of China Ltd stood out from the 300-plus companies with the lowest carbon emissions. Lenovo Group had the lowest carbon emissions among telecommunications, electronic equipment and electronic manufacturing industries. Weichai Power Co Ltd had the lowest carbon emissions in the transportation industry.

Among all the six surveyed industries, the finance industry produced the lowest carbon emissions, though Lu Lunyan, director of climate and energy program of WWF China, said the financial companies on the list only released energy consumption figures of their main headquarters.

Lu added that most of the companies in China have not released their energy consumption figures because they are not aware of the importance of reducing their energy consumption. China also lacks qualified people to help reduce a company’s energy consumption, she said.

Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, said that reducing carbon emissions is a problem that needs immediate addressing.