@CDSBGlobal www.cdsb.net 1
Briefing	
  webinar	
  on	
  CDSB	
  Framework	
  
consulta8on	
  
Wednesday	
  19th	
  March	
 ...
@CDSBGlobal www.cdsb.net 2
Outline	
  
+  Introduc8on	
  
+  About	
  the	
  Climate	
  Disclosure	
  Standards	
  Board	
...
@CDSBGlobal www.cdsb.net 3
Introduc.on	
  
Speakers	
  
Patrick	
  Crawford	
  
Corporate	
  Engagement	
  
Manager	
  
Dr...
@CDSBGlobal www.cdsb.net 4
Financial	
  statements	
  capture	
  less	
  than	
  20%	
  of	
  
corporate	
  risks	
  (sour...
@CDSBGlobal www.cdsb.net 5
About	
  the	
  Climate	
  Disclosure	
  Standards	
  Board	
  
+  Danish	
  Financial	
  State...
@CDSBGlobal www.cdsb.net 6
About	
  the	
  Climate	
  Disclosure	
  Standards	
  Board	
  
Many	
  organisa8ons	
  may	
  ...
@CDSBGlobal www.cdsb.net 7
Guidance	
  issued	
  with	
  others	
  
About	
  the	
  Climate	
  Disclosure	
  Standards	
  ...
@CDSBGlobal www.cdsb.net 8
The	
  integra*on	
  of	
  climate	
  change-­‐related	
  
informa*on	
  into	
  mainstream	
  ...
@CDSBGlobal www.cdsb.net 9
About	
  the	
  Climate	
  Disclosure	
  Standards	
  Board	
  
+  CDSB	
  is	
  a	
  consor8um...
@CDSBGlobal www.cdsb.net 10
About	
  the	
  Climate	
  Disclosure	
  Standards	
  Board	
  
Who	
  we	
  are	
  
+  Suppor...
@CDSBGlobal www.cdsb.net 11
CDSB’s	
  Repor.ng	
  Framework	
  
	
  
+  Complements	
  the	
  CDP	
  process	
  
+  Commun...
@CDSBGlobal www.cdsb.net 12
Guidance	
  issued	
  by	
  CDSB	
  
About	
  the	
  Climate	
  Disclosure	
  Standards	
  Boa...
@CDSBGlobal www.cdsb.net 13
A	
  stepping	
  stone	
  to	
  producing	
  integrated	
  reports	
  	
  
CDP	
  Informa.on	
...
@CDSBGlobal www.cdsb.net 14
Natural	
  capital	
  
+  CDP	
  has	
  expanded	
  into	
  forest	
  risk	
  commodi8es	
  an...
@CDSBGlobal www.cdsb.net 15
Consulta*on	
  on	
  CDSB	
  Framework	
  
About	
  the	
  Climate	
  Disclosure	
  Standards	...
@CDSBGlobal www.cdsb.net 16
Part	
  II	
  
Introduc*on	
  
Dr	
  Jarlath	
  Molloy	
  
Technical	
  Manager	
  
@CDSBGlobal www.cdsb.net 17
Framework	
  2.0	
  
+  CDSB	
  Framework	
  focuses	
  on	
  iden8fying	
  environmental	
  r...
@CDSBGlobal www.cdsb.net 18
Framework	
  2.0	
  
+  Harmonise	
  repor8ng	
  of	
  environmental	
  risk	
  by	
  having	
...
@CDSBGlobal www.cdsb.net 19
Framework	
  2.0	
  
Update	
  to	
  CDSB	
  Framework	
  
@CDSBGlobal www.cdsb.net 20
Framework	
  2.0	
  
+  Focus	
  of	
  previous	
  CDSB	
  Framework	
  on	
  climate	
  chang...
@CDSBGlobal www.cdsb.net 21
Framework	
  2.0	
  
+  Structure	
  has	
  been	
  reorganised	
  
+  Other	
  issues	
  may	...
@CDSBGlobal www.cdsb.net 22
Framework	
  2.0	
  
+  Framework	
  now	
  links	
  and	
  references	
  to	
  other	
  repor...
@CDSBGlobal www.cdsb.net 23
Framework	
  2.0	
  
+  Consulta8on	
  ques8ons	
  
+  Sec8on	
  I:	
  Introduc8on	
  
+  Sec8...
@CDSBGlobal www.cdsb.net 24
Framework	
  2.0	
  
The	
  consulta8on	
  ques8ons	
  cover	
  the	
  following:	
  
+  Objec...
@CDSBGlobal www.cdsb.net 25
Framework	
  2.0	
  
+  About	
  the	
  CDSB	
  Framework	
  
+  Framework	
  influences	
  
+ ...
@CDSBGlobal www.cdsb.net 26
Framework	
  2.0	
  
Part	
  A:	
  Informa8on	
  to	
  be	
  used	
  for	
  assessing	
  the	
...
@CDSBGlobal www.cdsb.net 27
Framework	
  2.0	
  
Requirements	
  and	
  guidance	
  about	
  the	
  organisa8on’s	
  envir...
@CDSBGlobal www.cdsb.net 28
Framework	
  2.0	
  
The	
  requirements	
  and	
  guidance	
  designed	
  to	
  ensure	
  tha...
@CDSBGlobal www.cdsb.net 29
Framework	
  2.0	
  
+  A	
  number	
  of	
  disclosure	
  tools,	
  standards,	
  methodologi...
@CDSBGlobal www.cdsb.net 30
Framework	
  2.0	
  
+  Fossil	
  fuel	
  energy	
  resources	
  
+  Organisa8onal	
  boundari...
@CDSBGlobal www.cdsb.net 31
Introduc*on	
  
Michael	
  Zimonyi	
  
Project	
  Officer	
  
Part	
  III	
  
@CDSBGlobal www.cdsb.net 32
Overview	
  
+  Available	
  at	
  cdsb.net/consulta8on	
  	
  	
  
+  90	
  day	
  consulta8o...
@CDSBGlobal www.cdsb.net 33
Consulta.on	
  
How	
  do	
  I	
  respond?	
  
@CDSBGlobal www.cdsb.net 34
Consulta.on	
  
Online	
  
+  Encourge	
  discussion	
  &	
  debate	
  
+  Available	
  at	
  ...
@CDSBGlobal www.cdsb.net 35
Consulta.on	
  
Online	
  
Demo	
  
@CDSBGlobal www.cdsb.net 36
Consulta.on	
  
Summary	
  
+  Download	
  consulta8on	
  draq	
  from	
  
cdsb.net/consulta8o...
@CDSBGlobal www.cdsb.net 37
Consulta.on	
  
Due	
  process	
  
+  Submissions	
  &	
  summary	
  published	
  
+  Reviewed...
@CDSBGlobal www.cdsb.net 38
Summary	
  
Concluding	
  remarks	
  
+  CDSB	
  working	
  with	
  others	
  on	
  sustainabi...
@CDSBGlobal www.cdsb.net 39
Thank	
  you	
  for	
  your	
  interest	
  
Ques*ons?	
  
Patrick	
  Crawford	
  
Corporate	
 ...
@CDSBGlobal www.cdsb.net 40@CDSBGlobal
@CDSBGlobal	
  
Climate	
  Disclosure	
  Standards	
  Board	
  
facebook.com/CDSBGl...
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CDSB Framework consultation briefing webinar

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<b>Find find out about the key aspects of the consultation draft of the expanded CDSB Framework and how to respond.</b>

The report 'Natural Capital at Risk – the top 100 externalities of business’ commissioned by the Natural Capital Coalition shows that environmental externality costs can be broken down into greenhouse gas emissions 38%, water 25% and land use 24%, of which 16% is directly related to forests risk commodities.

CDSB’s expanded Framework, out for consultation is expanding beyond climate change to include more information on natural capital, namely forest risk commodities and water. The Framework is designed to help organizations prepare and present environmental information in mainstream reports for the benefit of investors.

Information prepared in accordance with the CDSB Framework is designed to allow investors to assess the relationship between specific environmental matters and the organization’s strategy, performance and prospects. Through the provision of robust environmental information, CDSB hopes to encourage analysis and decision-making by investors that recognizes the dependence of economic and financial stability on a stable and healthy environment.

<b>Agenda</b>

Introduction to CDSB – Patrick Crawford, Corporate Engagement, CDSB

CDSB Framework consultation draft – Dr Jarlath Molloy, Technical Manager, CDSB

How to respond: the consultation process – Michael Zimonyi, Project Officer, CDSB

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CDSB Framework consultation briefing webinar

  1. 1. @CDSBGlobal www.cdsb.net 1 Briefing  webinar  on  CDSB  Framework   consulta8on   Wednesday  19th  March  2014  
  2. 2. @CDSBGlobal www.cdsb.net 2 Outline   +  Introduc8on   +  About  the  Climate  Disclosure  Standards  Board   +  Framework  2.0   +  Consulta8on   +  Q  &  A  
  3. 3. @CDSBGlobal www.cdsb.net 3 Introduc.on   Speakers   Patrick  Crawford   Corporate  Engagement   Manager   Dr  Jarlath  Molloy   Technical  Manager   Michael  Zimonyi   Project  Officer  
  4. 4. @CDSBGlobal www.cdsb.net 4 Financial  statements  capture  less  than  20%  of   corporate  risks  (source:  Eurosif,  IIRC)   Increasing  ESG  repor.ng  requirements  –  UK,  France,   EU,  South  Africa,  US?   Increasing  requirement  to  integrate  ESG  informa8on   with  financial  repor8ng   Increasing  impact  of  climate  change  on  decisions  and   ac8ons  by  management,  investors  &  other   stakeholders   About  the  Climate  Disclosure  Standards  Board  
  5. 5. @CDSBGlobal www.cdsb.net 5 About  the  Climate  Disclosure  Standards  Board   +  Danish  Financial  Statements  Act   +  EU  Accoun8ng  Direc8ves  (proposed)   +  French  Grenelle  II     +  South  African  King  Code   +  UK  Companies  Act   +  Find  out  more  at  cdsb.net/standards   Repor*ng  landscape  -­‐  mandatory  repor*ng    
  6. 6. @CDSBGlobal www.cdsb.net 6 About  the  Climate  Disclosure  Standards  Board   Many  organisa8ons  may  prepare  and  publish  informa8on  requested  by   an  increasing  number  of  bodies:         Repor*ng  landscape  -­‐  voluntary  repor*ng    
  7. 7. @CDSBGlobal www.cdsb.net 7 Guidance  issued  with  others   About  the  Climate  Disclosure  Standards  Board  
  8. 8. @CDSBGlobal www.cdsb.net 8 The  integra*on  of  climate  change-­‐related   informa*on  into  mainstream  corporate  repor*ng.   Objec8ve      When?   January  2007:  Launched  at  World  Economic  Forum,   Davos,  Switzerland,  as  a  special  project  of  CDP      Members   •  Main  accountants,   ACCA,  ICAEW  …   •  GHG  NGOs  e.g.  GHG   management  ins8tute,   Carbon  Tracker,  TCR   •  Investors,  e.g.  Investor   Group  on  Climate   Change,  Ceres   •  Business,  e.g.    WRI,   WBCSD,  BT,  WEF   Standardize  climate  change-­‐related  (natural  capital)   repor8ng  for  fair  and  transparent  markets      Why?   About  the  Climate  Disclosure  Standards  Board   Climate  change   informa8on  in  CDP  and   other  disclosures     CDSB   Framework   Annual  Report  
  9. 9. @CDSBGlobal www.cdsb.net 9 About  the  Climate  Disclosure  Standards  Board   +  CDSB  is  a  consor8um  of  business  and  environmental  organiza8ons   formed  at  the  2007  World  Economic  Forum’s  annual  Davos  mee8ng     +  CDP  has  provided  secretariat  support  since  incep8on  and  coordinates   day-­‐to-­‐day  ac8vi8es   Who  we  are  
  10. 10. @CDSBGlobal www.cdsb.net 10 About  the  Climate  Disclosure  Standards  Board   Who  we  are   +  Supported  by  leading  industrial  &  financial  services  companies,  NGO   representa8ves,  the  major  accoun8ng  firms,  professional  bodies,   academics  and  other  specialist  collaborators    
  11. 11. @CDSBGlobal www.cdsb.net 11 CDSB’s  Repor.ng  Framework     +  Complements  the  CDP  process   +  Communicates  management’s   assessment  of  natural  capital  impacts  in   annual  reports   +  Connects  Financial  and  non-­‐financial   informa8on;    harmonizing  with  exis8ng   accoun8ng  and  na8onal  standards   +  Conformance  with  the  Framework   prepares  companies  for  compliance  with   current  and  proposed  regula8ons   +  Download  CDSB’s  Repor8ng  Framework   and  Guidance  from  www.cdsb.net/ Framework   About  the  Climate  Disclosure  Standards  Board  
  12. 12. @CDSBGlobal www.cdsb.net 12 Guidance  issued  by  CDSB   About  the  Climate  Disclosure  Standards  Board  
  13. 13. @CDSBGlobal www.cdsb.net 13 A  stepping  stone  to  producing  integrated  reports     CDP  Informa.on   request   CDSB  Guidance  CDSB’s  Repor.ng   Framework   THE  DATA   THE  LENS   THE  HELP   VISIBILITY   Mainstream   Report   About  the  Climate  Disclosure  Standards  Board   CDSB’s  Framework  used  in  ADDITION  to  the  CDP  disclosure  
  14. 14. @CDSBGlobal www.cdsb.net 14 Natural  capital   +  CDP  has  expanded  into  forest  risk  commodi8es  and  water,  with   informa8on  requests  in  these  two  programmes   +  Natural  capital  is  a  core  part  of  the  IIRC’s  six  capitals   +  Regulators  are  increasingly  concerned  with  environmental  impact,  in   par8cular  in  the  EU,  but  also  elsewhere   +  Climate  change,  forests  and  water  accounts  for  79%  of  natural  capital   by  value   About  the  Climate  Disclosure  Standards  Board  
  15. 15. @CDSBGlobal www.cdsb.net 15 Consulta*on  on  CDSB  Framework   About  the  Climate  Disclosure  Standards  Board  
  16. 16. @CDSBGlobal www.cdsb.net 16 Part  II   Introduc*on   Dr  Jarlath  Molloy   Technical  Manager  
  17. 17. @CDSBGlobal www.cdsb.net 17 Framework  2.0   +  CDSB  Framework  focuses  on  iden8fying  environmental  risk  and   repor8ng  it  in  mainstream  reports   +  Framework  helps  prac88oners  prepare  &  present  environmental   performance  &  risk  informa8on  in  mainstream  financial  reports   +  Designed  to  allow  investors  to  assess  the  rela8onship  between   environmental  performance  &  risks  and  the  organisa8on’s  strategy  &   prospects   +  Benefit  for  those  repor8ng  to  CDP  (CC  informa8on  request  Q4)   Why  mainstream  reports?  
  18. 18. @CDSBGlobal www.cdsb.net 18 Framework  2.0   +  Harmonise  repor8ng  of  environmental  risk  by  having  it  included  in,  or   linked  to,  an  organisa8on’s  mainstream  financial  report   +  Environmental  performance  &  risk  subject  to  the  same  Interna8onal   Financial  Repor8ng  Standards  &  assurance  requirements  as  financial   informa8on     +  Centrally  deposited  with  competent  na8onal  authority  promptly  and   publically  available.  Working  with  regulators,  CDP  and  the  Fujitsu   Research  Ins8tute  to  develop  an  eXtensible  Business  Repor8ng   Language  (XBRL)  taxonomy     +  Growing  interest  among  policymakers  of  non-­‐financial  repor8ng   Advantages  of  mainstream  reports  
  19. 19. @CDSBGlobal www.cdsb.net 19 Framework  2.0   Update  to  CDSB  Framework  
  20. 20. @CDSBGlobal www.cdsb.net 20 Framework  2.0   +  Focus  of  previous  CDSB  Framework  on  climate  change  risks  &   opportuni8es  affec8ng  an  organisa8on’s  strategy  and  financial   performance   +  Scope  has  now  expanded  into  forest  commodity  risks  (i.e.  drivers  of   deforesta8on)  and  water   +  The  expansion  of  the  CDSB  Framework  will  now  cover  79%  of  natural   capital   Main  changes  -­‐  scope  
  21. 21. @CDSBGlobal www.cdsb.net 21 Framework  2.0   +  Structure  has  been  reorganised   +  Other  issues  may  be  added  in  future   +  Framework  introduc8on  text  outlines  context  and  highlights  key   changes  between  edi8on  1.1  and  2.0   +  Requirements  &  guidance  listed   +  Requirements  aligned  with  CDP  informa8on  requests   Main  changes  -­‐  others  
  22. 22. @CDSBGlobal www.cdsb.net 22 Framework  2.0   +  Framework  now  links  and  references  to  other  repor8ng   methodologies,  requirements  and  principles   Main  changes  -­‐  cross  references  
  23. 23. @CDSBGlobal www.cdsb.net 23 Framework  2.0   +  Consulta8on  ques8ons   +  Sec8on  I:  Introduc8on   +  Sec8on  II:  What  to  report   +  Sec8on  III:  About  your  report   +  Sec8on  IV:  How  to  report   +  Sec8on  V:  Supplementary  guidance   Structure  and  outline  
  24. 24. @CDSBGlobal www.cdsb.net 24 Framework  2.0   The  consulta8on  ques8ons  cover  the  following:   +  Objec8ves  and  scope;     +  Form  of  repor8ng,     +  Content  of  requirements  and  type  of  environmental  informa8on   disclosed,  minimum  repor8ng  requirements;   +  Language  &  terminology;   +  Metrics  &  indicators;     +  Assurance  &  verifica8on   Consulta*on  ques*ons    
  25. 25. @CDSBGlobal www.cdsb.net 25 Framework  2.0   +  About  the  CDSB  Framework   +  Framework  influences   +  List  of  requirements   Sec*on  I:  Introduc*on  
  26. 26. @CDSBGlobal www.cdsb.net 26 Framework  2.0   Part  A:  Informa8on  to  be  used  for  assessing  the  current  state  of  the   organisa8on   +  REQs  01-­‐04   Part  B:  Informa8on  to  be  used  for  assessing  the  business  implica8ons  of   the  informa8on  reported  above   +  REQs  05-­‐07   Part  C:  Informa8on  to  be  use  for  assessing  the  organisa8on’s  strategic   response  to  the  informa8on  reported  above   +  REQs  08-­‐11   Sec*on  II:  What  to  report  
  27. 27. @CDSBGlobal www.cdsb.net 27 Framework  2.0   Requirements  and  guidance  about  the  organisa8on’s  environmental   informa8on  repor8ng  prac8ces   +  REQ-­‐12:  Boundaries   +  REQ-­‐13:  Basis  for  prepara8on  and  presenta8on   +  REQ-­‐14:  Repor8ng  policies   +  REQ-­‐15:  Frequency  of  repor8ng   +  REQ-­‐16:  Restatements   +  REQ-­‐17:  Compliance   +  REQ-­‐18:  Assurance   Sec*on  III:  About  your  report  
  28. 28. @CDSBGlobal www.cdsb.net 28 Framework  2.0   The  requirements  and  guidance  designed  to  ensure  that  environmental   informa8on  in  mainstream  reports  is  useful  to  investors,  is  correct  and   complete  and  is  based  on  criteria  that  are  suitable  for  conduc8ng   assurance  ac8vi8es   +  REQ-­‐19:  Relevant   +  REQ-­‐20:  Faithfully  represented   +  REQ-­‐21:  Connected  with  other  informa8on   +  REQ-­‐22:  Consistency  of  disclosures   +  REQ-­‐23:  Presenta8on  and  communica8on   +  REQ-­‐24:  Materiality     Sec*on  IV:  How  to  report  
  29. 29. @CDSBGlobal www.cdsb.net 29 Framework  2.0   +  A  number  of  disclosure  tools,  standards,  methodologies  and  guidance   are  referenced   +  SG  01  (A)  Methodologies,  tools  and  guidance  to  prepare   environmental  results   +  SG  01  (B)  Characteris8cs  of  useful  key  performance  indicators   +  SG  02  Risks  &  opportuni8es   Sec*on  V:  Supplementary  guidance  
  30. 30. @CDSBGlobal www.cdsb.net 30 Framework  2.0   +  Fossil  fuel  energy  resources   +  Organisa8onal  boundaries   +  Shorter  consulta8on  period  in  parallel  with  draq  Framework   Discussion  papers  
  31. 31. @CDSBGlobal www.cdsb.net 31 Introduc*on   Michael  Zimonyi   Project  Officer   Part  III  
  32. 32. @CDSBGlobal www.cdsb.net 32 Overview   +  Available  at  cdsb.net/consulta8on       +  90  day  consulta8on  period  open       +  Online  consulta8on  plarorm            (offline  also  available)   Consulta.on   Deadline:  12th  May  2014  
  33. 33. @CDSBGlobal www.cdsb.net 33 Consulta.on   How  do  I  respond?  
  34. 34. @CDSBGlobal www.cdsb.net 34 Consulta.on   Online   +  Encourge  discussion  &  debate   +  Available  at  cdsb.net/consulta8on         +  Online  consulta8on  plarorm            (offline  also  available)  
  35. 35. @CDSBGlobal www.cdsb.net 35 Consulta.on   Online   Demo  
  36. 36. @CDSBGlobal www.cdsb.net 36 Consulta.on   Summary   +  Download  consulta8on  draq  from   cdsb.net/consulta8on   +  Comment  on  draq   +  Consulta8on  ques8ons   Deadline:  12th  May  2014  
  37. 37. @CDSBGlobal www.cdsb.net 37 Consulta.on   Due  process   +  Submissions  &  summary  published   +  Reviewed  by  Technical  Working   Group   +  Signed  off  by  Board     Images:  Macomb  Paynes,  ILRI,  kenmainr  /  flickr  
  38. 38. @CDSBGlobal www.cdsb.net 38 Summary   Concluding  remarks   +  CDSB  working  with  others  on  sustainability  repor8ng   +  CDSB  Framework  expanded  scope  and  aiming  for  natural  capital   +  Framework  consulta8on  now  open,  comments  welcome   +  Discussion  papers  to  follow,  comments  also  welcome   +  This  work  has  been  made  possible  with  the  kind  support  of  the   Velux  Founda8ons    
  39. 39. @CDSBGlobal www.cdsb.net 39 Thank  you  for  your  interest   Ques*ons?   Patrick  Crawford   Corporate  Engagement   Manager   Dr  Jarlath  Molloy   Technical  Manager   Michael  Zimonyi   Project  Officer  
  40. 40. @CDSBGlobal www.cdsb.net 40@CDSBGlobal @CDSBGlobal   Climate  Disclosure  Standards  Board   facebook.com/CDSBGlobal   Subscribe  to  our  newsleuer  at  cdsb.net/newsleuer   info@cdsb.net   Contact  us   Thank  you  

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