The document discusses how companies can use information from their CDP climate change disclosure responses to report on climate-related matters in their mainstream annual reports. It provides an overview of the Climate Disclosure Standards Board (CDSB) Framework, which companies can use to ensure their reporting meets principles such as relevance, consistency and comparability. The document also includes a table mapping elements of the CDP information request, CDSB Framework and other reporting standards to illustrate areas of alignment between the different frameworks.
4. @CDSBGlobal
Climate change
information in
CDP disclosure
CDSB
Framework
Annual Report
What is the CDSB Reporting Framework?
cdsb.net/Framework
Non-financial
information
Financial information
Connector
5. @CDSBGlobal
Adding value
cdsb.net/Framework
HOW – CDSB Framework
+ Relevance & materiality
+ Faithful representation
+ Connected with other information
+ Consistent and comparable
+ Clear and understandable
+ Verifiable
+ Forward looking
WHAT – source: CDP response
+ Strategic analysis
+ Governance
+ Policies
+ Risks
+ Opportunities
+ Greenhouse gas emissions
6. @CDSBGlobal
Connecting with CDP: Climate Change Questions
A: In mainstream financial reports in accordance
with the CDSB Framework
CC4. Communications
cdsb.net/ccrf
7. @CDSBGlobal
Connecting with CDP: Climate Change Questions
CC9. & CC10. Scope 1&2 Emissions breakdown
Please indicate which other Scope 1 / 2 emissions
breakdowns you are able to provide (tick all that apply)
✔︎ By legal structure – CC 9.2e & CC10.2d
9. @CDSBGlobal
You can also use the CDSB Framework to …
+ Put climate change information in your integrated report
+ Comply with UK GHG reporting regulations
+ EU Non-Financial Reporting (NFR) Directive
+ Keep your investors happy
“Reporting from the principle of communication rather than compliance”
– Hermes Investors
10. @CDSBGlobal
“We are a group of companies and investors sharing a concern
that financial markets do not yet take sufficient account of
climate-related corporate performance, risks and opportunities
relevant to future shareholder value because of a lack of
comprehensive and comparable information in “mainstream”
corporate reports for the investment community. This
information gap undermines the efficiency by which markets are
able to allocate capital to its most productive uses over the
medium to long term — a crucial enabler of strong and
sustainable economic growth.
For this reason, we have decided to produce and make use of
such information on a common basis through the Climate
Change Reporting Framework, or other comparable framework,
whether or not required by current regulation. We take this step
primarily out of a sense of fiduciary responsibility…”
Fiduciary duty & climate change disclosure
cdsb.net/fiduciary
11. @CDSBGlobal
+ CDSB Framework expanding to
environmental information & natural capital
reporting
+ Specific guidance on climate, water & forests
+ Help complying with EU Non-Financial
Reporting Directive
+ Launch on 15th April (London)
+ Sign up at cdsb.net/newsletter to find out
more
Save the date
The future: environmental reporting
12. @CDSBGlobal
Mike Zimonyi
michael.zimonyi@cdsb.net
Get in touch
@CDSBGlobal
Climate Disclosure Standards Board
facebook.com/CDSBGlobal
www.cdsb.net
Subscribe to our newsletter at cdsb.net/newsletter
Slides available at:
cdsb.net/CDPWorkshop2015