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Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
Compliance and practicalities of using CDSB's Framework
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Compliance and practicalities of using CDSB's Framework

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Slides of a webinar featuring reporting experts from climate change and corporate reporting to highlight possible issues and discuss solutions to communicate climate change in mainstream reports.

Slides of a webinar featuring reporting experts from climate change and corporate reporting to highlight possible issues and discuss solutions to communicate climate change in mainstream reports.

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  • 1. @CDSBGlobal Joseph'Donohoe' Energy'Reduc,on' Advisor' Na,onal'Grid' Lois'Guthrie' Execu,ve'Director' CDSB' Mike'Reid' Associate'Director' Energy,' Environment'&' Sustainability' Grant'Thornton'UK' LLP' Ben'Richards' Radley'Yeldar' Thursday'25th'July'2013 Patrick'Crawford' Corporate' Engagement' CDSB' Freddie'Woolfe' Engagement' Manager' Hermes'EOS' Compliance'and'prac,cali,es'of'using' CDSB's'Repor,ng'Framework'
  • 2. @CDSBGlobal Compliance'and'prac,cali,es' of'using'CDSB's'Repor,ng'Framework' Thursday'8th'August'2013 Patrick'Crawford' Corporate'Engagement'
  • 3. @CDSBGlobal Financial'statements'capture'less'than'20%'of'corporate' risks'(source:'Eurosif,'IIRC)' Increasing'ESG'repor>ng'requirements'–'UK,'EU?' Increasing'requirement'to'integrate'ESG'informa,on' with'financial'repor,ng' Increasing'impact'of'climate'change'on'decisions'and' ac,ons'by'management,'investors'&'other'stakeholders' Connec,ng'Non`Financial'and'Financial'Informa,on'
  • 4. @CDSBGlobal The$integra+on$of$climate$change1related$ informa+on$into$mainstream$corporate$repor+ng.$ Objec,ve' ''When?' January'2007:'Launched'at'World'Economic'Forum,' Davos,'managed'as'a'special'project'of'CDP' Climate'change' informa,on'in'CDP' disclosure' ' CDSB’s' Framework' Annual'Report' ''Members' •  Main'accountants,' ACCA,'ICAEW'…' •  GHG'NGOs'e.g.'GHG' management'ins,tute,' Carbon'Tracker,'TCR' •  Investors,'e.g.'Investor' Group'on'Climate' Change,'Ceres' •  Business,'e.g.''WBCSD,' BT,'WEF' Standardize'climate'change`related'repor,ng' for'fair'and'transparent'markets' ''Why?' The'need'for'CDSB’s'Repor,ng'Framework'
  • 5. @CDSBGlobal CDSB’s'Repor>ng'Framework' ' •'Complements'the'CDP'process' •'Communicates'management’s' assessment'of'climate'change'in'annual' reports' •''Connects'Financial'and'non`financial' informa,on;''harmonizing'with'exis,ng' accoun,ng'and'na,onal'standards' •'Conformance'with'the'Framework'is'a' means'of'compliance'with'UK' greenhouse'gas'regula,ons' •'Download'CDSB’s'Repor,ng' Framework'and'Guidance'from' www.cdsb.net/Framework'' CDSB’s'Repor,ng'Framework'
  • 6. @CDSBGlobal Communicating Climate Change “Reporting from the principle of communication rather than compliance.“ Hermes EOS Investors CDSB’s'Repor,ng'Framework'in'Prac,ce'
  • 7. @CDSBGlobal 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' CDSB’s'Repor,ng'Framework'in'Prac,ce'
  • 8. @CDSBGlobal PuOng'it'into'prac>ce' ' 1.'Determina>on:' Decide'what'to'report' ' 2.'Prepara>on:' Gather'clear,'consistent,'complete' Informa,on' ' 3.'Presenta>on:' Ensure'disclosure'is'clear' ' 4.'Review:' Check'accuracy'and'ensure'relevance' CDSB’s'Repor,ng'Framework'in'Prac,ce'
  • 9. CDSB National Grid Corporate Perspective
  • 10. National Grid carbon management systems Carbon targets Carbon budgets Carbon data Carbon performance Climate change papers • Reductions on 1990 baseline • 2020: 45% reduction • 2050: 80% reduction • Set annually by business unit • SAP CI • Monthly data submission • GHG Protocol • Verification • Presented to senior management committee and Executive board periodically
  • 11. National Grid carbon reporting in Annual Report and Accounts •  Context of climate change •  Changing energy mix •  Energy policy and national targets •  Innovation and technology •  High level implications for National grid s operations Operating environment
  • 12. National Grid carbon reporting in Annual Report and Accounts •  Climate Change sub- section •  Annual emissions volumes •  Progress against targets •  Emissions measurement methodology: GHG Protocol •  Emissions verification statement •  Pursuit of opportunities such as CCS What did we achieve?
  • 13. National Grid carbon reporting in Annual Report and Accounts •  Regulatory requirements •  Contribution to decarbonisation of energy system •  Reduction in National Grid emissions •  Adaptation to impacts of climate change to ensure reliability of energy system •  Risk Factors •  Failure to meet carbon targets •  Impacts of extreme weather Additional Information
  • 14. © 2013 Grant Thornton International. All rights reserved© 2013 Grant Thornton International. All rights reserved Practicalities of Carbon Reporting •  the reporting process •  accounting issues •  risk management •  stakeholder engagement 8 August 2013
  • 15. © 2013 Grant Thornton International. All rights reserved Practicalities of Reporting – the process 15 Obligations Investor Needs Executive Overview Business Model review Reporting Period and Boundary Standard and Policies Materiality Timescales link risk and prospects comparability segmented information KPI comparison Review against 1,2 & 3 Internal review External stakeholder review REPORTING PROCESSREVIEW PRESENTATION PREPARATION DETERMINATION
  • 16. © 2013 Grant Thornton International. All rights reserved CDP Workshop - Key Findings 16 !  Data quality !  Reputational risk !  Verification !  International variation !  Suppliers !  Internal buy-in !  Leadership !  External interest !  Data gathering !  Boundary !  Added value? !  Responsibility Accounting Issues Risk Management Stakeholder Engagement
  • 17. © 2013 Grant Thornton International. All rights reserved 17 Thank you Mike Reid Associate Director Grant Thornton mike.reid@uk.gt.com
  • 18. ©Radley Yeldar Ltd 1 Making it relevant Engaging techniques for climate change reporting BenRichards,RadleyYeldar 8August2013 SayhelloviaTwitter @radleyyeldar
  • 19. ©Radley Yeldar Ltd 2 We help the world’sbravest,brightest and best organisationsto find and tell their story, in one clear voice, by whichever meansworks best. A bit about RY
  • 20. ©Radley Yeldar Ltd 3 Relevance and relationships BIS’ vision for the future of narrative reporting Value chain Strategy KPIs Risk Performance
  • 21. ©Radley Yeldar Ltd 4 The value of a clear story Working out your organisation’s story about climate change will help to make you consistent, credible and distinctive
  • 22. ©Radley Yeldar Ltd 5 The value of a clear story Working out your organisation’s story about climate change will help to make you consistent, credible and distinctive ...in turn making it easier for stakeholders to trust you and to become advocates for your approach
  • 23. ©Radley Yeldar Ltd 6 The value of a clear story Working out your organisation’s story about climate change will help to make you consistent, credible and distinctive ...in turn making it easier for stakeholders to trust you and to become advocates for your approach ...which helps drive performance
  • 24. ©Radley Yeldar Ltd 7 Who’s doing a good job? Unilever – joined-up and clear
  • 25. ©Radley Yeldar Ltd 8 Who’s doing a good job? British Land – clear and user-driven
  • 26. ©Radley Yeldar Ltd 9 Who’s doing a good job? GSK – transparency across the value chain
  • 27. ©Radley Yeldar Ltd 10 Who’s doing a good job? Siemens – material, focused, relevant
  • 28. ©Radley Yeldar Ltd 11 1. Join it up Show how climate change is relevant to your corporate story 2. Collaborate Work with other teams to increase relevance for all stakeholders 3. Prioritise Tell the story throughout – and offer the detail only where relevant Top tips If you only do three things...
  • 29. ©Radley Yeldar Ltd 12 For more information How does it stack up? Best practice research into UK and European reporting Visit ry.com for publications or event registration.
  • 30. ©Radley Yeldar Ltd 13 Stay in touch Contactdetails: BenRichards b.richards@ry.com RadleyYeldarLtd 24CharlotteRoad LondonEC2A3PB T02070330700 F02070330800 www.ry.com
  • 31. @CDSBGlobal Freddie'Woolfe' Engagement'Manager' Hermes'EOS' Investor'perspec,ve'
  • 32. @CDSBGlobal@CDSBGlobal Patrick'Crawford' Corporate'Engagement' patrick.crawford@cdsb.net' Tel:'+44'(0)'7770'382256' Skype:'patrickcrawford' www.cdsb.net' @CDSBGlobal' Climate'Disclosure'Standards'Board' facebook.com/CDSBGlobal' Subscribe'to'our'newsleler'by'emailing'info@cdsb.net' Thank'you'

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