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GHG Management Trends, Developments and Issues to Watch (CDP, 2013)
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GHG Management Trends, Developments and Issues to Watch (CDP, 2013)

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About CDP ...

About CDP

Trends & Insights:
-- Increasing investor interest & corporate disclosure
-- Quality of corporate disclosure is ever-improving
-- Corporations are engaging more with value chain
-- Value chain management not advanced for all sectors
-- Financial outperformance of leading CDP companies
-- Reducing GHG emissions can be done so profitably

Developments:
-- Corporate sustainability reporting partnerships & harmonization
-- Streamlining reporting - eXtensible Business Reporting Language

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    GHG Management Trends, Developments and Issues to Watch (CDP, 2013) GHG Management Trends, Developments and Issues to Watch (CDP, 2013) Presentation Transcript

    • Compliance & Core Values GHG Management Trends, Developments and Issues to Watch Montreal, 23rd October 2013 Stephen Donofrio Vice President, Partnerships & Innovation Stephen.Donofrio@CDP.net / 212.378.2086 132 Crosby Street, 8th Floor, New York, NY 10012 @stephendonofrio www.cdp.net | @CDP Page 1
    • Mission {{ To transform the global economic system to prevent dangerous climate change and value our natural resources by putting relevant information at the heart of business, investment and policy decisions. {{ @stephendonofrio www.cdp.net | @CDP
    • About CDP CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. {{ CDP’s detailed reporting is helping persuade companies throughout the world to measure, manage, disclose and ultimately reduce their greenhouse gas emissions. No other organization is gathering this type of corporate climate change data and providing it to the marketplace - Ban Ki Moon, UN Secretary General CDP has 501(c)3 charitable status in the U.S. via its fiscal agent and sponsor liaison, Rockefeller Philanthropy Advisors @stephendonofrio www.cdp.net | @CDP {{
    • CDP Programs – beyond carbon { Extension into new natural capital areas: Water – started in 2010; Forests – 2013 { Extension into Cities { Action Exchange – Launched in 2013 Investor Programs Corporate Programs { ACTION EXCHANGE Cities Program @stephendonofrio www.cdp.net | @CDP *New*
    • Disclosure drives behavior change Disclosure process improves performance @stephendonofrio www.cdp.net | @CDP Benchmarking accelerates learning Data informs investment and procurement analysis and engagement
    • Agenda { Trends & Insights { Increasing investor interest & corporate disclosure { Quality of corporate disclosure is ever-improving { Corporations are engaging more with value chain { Value chain management not advanced for all sectors { Financial outperformance of leading CDP companies { Reducing GHG emissions can be done so profitably { Developments { Corporate sustainability reporting partnerships & harmonization { Streamlining reporting - eXtensible Business Reporting Language @stephendonofrio www.cdp.net | @CDP 6
    • Agenda { Trends & Insights { Increasing investor interest & corporate disclosure { Quality of corporate disclosure is ever-improving { Corporations are engaging more with value chain { Value chain management not advanced for all sectors { Financial outperformance of leading CDP companies { Reducing GHG emissions can be done so profitably { Developments { Corporate sustainability reporting partnerships & harmonization { Streamlining reporting - eXtensible Business Reporting Language @stephendonofrio www.cdp.net | @CDP 7
    • 750 90 CDP Signatories & Signatory Assets: 2003 - 2013 75 600 60 Assets ($ trillion) Number of Signatories Trends: Increasing investor interest & corporate disclosure Implications on Disclosure: { 54% of world market capitalization To transform the global economic system to prevent { 81% dangerous climate change and value our natural resources of Global 500 45 companies by putting relevant information at the heart of business, investment and policy decisions. 30 { In 2012, 6.8 450 300 150 15 0 0 2003 2004 2005 2006 Climate change signatories Climate change assets @stephendonofrio www.cdp.net | @CDP 2007 2008 2009 2010 Water signatories Water assets 2011 2012 Forests signatories Forests assets 8 2013 gigatonnes of Scope 1 greenhouse gas emissions were disclosed through CDP, approximately 20% of global emissions
    • Trends: Quality of corporate disclosure is ever-improving Transparency Verification 97 71% min score for G500 disclosure leaders in 2013 of G500 companies verified their GHGs in 2013 { 2X % from 2011 { 8% increase from 2011 @stephendonofrio www.cdp.net | @CDP Page 9
    • Trends: Corporations are engaging more with value chain Benefits of engaging with the value chain: { Innovative solutions emerge for further GHG reductions { Strengthen relationships with stakeholders { Streamline processes & reduce costs { Redefine strategic advantage @stephendonofrio www.cdp.net | @CDP Page 10
    • Trends: Corporations are engaging more with value chain CDPSupplyChainProgram US$1 trillion @stephendonofrio www.cdp.net | @CDP
    • Trends: Corporations are engaging more with value chain “We recognize from our own experience, that working to reduce greenhouse gas emissions can drive innovation and enable support supplier disclosure savings....we are asking suppliers to publicly report their cost GHG emissions, reduction strategy and actions to the Carbon Disclosure Project” Asking suppliers to set a intensity target of 5% for suppliers’ Scope1 & 2 "Failure to meet these requirements [GHG disclosure, public targets, supplier engagement] can impact your supplier ranking and potentially diminish your ability to compete for Dell's business” @stephendonofrio www.cdp.net | @CDP
    • Agenda { Trends & Insights { Increasing investor interest & corporate disclosure { Quality of corporate disclosure is ever-improving { Corporations are engaging more with value chain { Value chain management not advanced for all sectors { Financial outperformance of leading CDP companies { Reducing GHG emissions can be done so profitably { Developments { Corporate sustainability reporting partnerships & harmonization { Streamlining reporting - eXtensible Business Reporting Language @stephendonofrio www.cdp.net | @CDP 13
    • Insights: Value chain management not advanced for all sectors { 403 co’s in Financials (Banks, Diversified Financials, Insurance & Real Estate) { Financials make up 24% of respondents, however, represents only 0.6% of total S1+2 emissions { Only 3% consider Scope 3 – Investments to be relevant and have calculated associated GHGs @stephendonofrio www.cdp.net | @CDP 14
    • {{ Under the CDP, in 2012 RBS reported greenhouse gas emissions of 735,437 tonnes of carbon dioxide equivalent (tCO2-e)... RBS did not report any emissions resulting from the money it loans to fossil fuel companies or projects. These ‘financed emissions’ resulting from the bank’s loans to coal, oil and gas companies bring the bank’s 2012 carbon footprint to up to 1,200 times the footprint reported... {{ - RBS’s true carbon emissions 2012, The World Development Movement (WDM) @stephendonofrio www.cdp.net | @CDP Page 15
    • Insights: Financial outperformance of leading CDP companies (Global 500) CDP & Sustainable Insight Capital Management link climate change engagement to financial performance Over low scoring peers, co’s w/ superior CDP disclosure provide: { +5.2% return on equity { +18.1% cash flow stability { +1.6% dividend growth @stephendonofrio www.cdp.net | @CDP
    • Insights: Reducing GHG emissions can be done profitably { CDP, WWF & McKinsey found: { By reducing emissions, the US corporate sector could save $780 billion (NPV basis) by 2020 { 79% of S&P 500 companies reporting to CDP earn higher returns on their carbon reduction investments than in their general portfolio { Companies with higher emissions intensities than others in their sectors tend to exhibit lower levels of profitability @stephendonofrio www.cdp.net | @CDP
    • Agenda { Trends & Insights { Increasing investor interest & corporate disclosure { Quality of corporate disclosure is ever-improving { Corporations are engaging more with value chain { Value chain management not advanced for all sectors { Financial outperformance of leading CDP companies { Reducing GHG emissions can be done so profitably { Developments { Corporate sustainability reporting partnerships & harmonization { Streamlining reporting - eXtensible Business Reporting Language @stephendonofrio www.cdp.net | @CDP 18
    • Developments: Corporate sustainability reporting partnerships & harmonization DJSI & GRI to promote the harmonization and clarification of sustainability reporting guidelines and frameworks SASB & IIRC to promote greater understanding, visibility and support for the development of integrated disclosure standards with regard to material issues in sustainability @stephendonofrio www.cdp.net | @CDP
    • Developments: Streamlining reporting - eXtensible Business Reporting Language Electronic language of the 'XML' family that enables computers to tag and recognize information in a comprehensive and standardized way across business systems @stephendonofrio www.cdp.net | @CDP Page 20
    • {{ We have also been encouraging CDP to develop sectoral methodologies, so that as the CPLI evolves it can more closely reflect the strategic challenges that are unique to high-impact sectors. {{ - Helen Wildsmith Head of Ethical & Responsible Investments, CCLA @stephendonofrio www.cdp.net | @CDP Page 21
    • Compliance & Core Values GHG Management Trends, Developments and Issues to Watch Montreal, 23rd October 2013 Stephen Donofrio Vice President, Partnerships & Innovation Stephen.Donofrio@CDP.net / 212.378.2086 132 Crosby Street, 8th Floor, New York, NY 10012 @stephendonofrio www.cdp.net | @CDP Page 22