October 2011 Verification of climate data Verification of climate data This event will start at 15:00 BST Please use your computer headset to listen to the audio or See S registration confirmation email t di l i using t l h i t ti fi ti il to dial in i telephoneIf you have problems during the webinar, please use the CHAT function to send a message to the HOST. HOST
October 2011 Verification of climate data Verification of climate dataBenefits and importance of verification. Two reporting companies share their experience Q&A with four leading verification service providers experience,
October 2011 Verification of climate data - AgendaToday... • Importance of verification and highlights from 2011 data: Michelle Cox, CDP • ConAgra Foods and verification: Marcella Thompson, ConAgra Foods • Embraer and verification: Guilherme de Almeida Freire Embraer Freire, • Q&A - Expert panel: Bureau Veritas, LRQA Lloyds Register Quality Assurance, PricewaterhouseCoopers LLP and TÜV NORD
October 2011 Verification at a glanceWhat is verification? The verification or assurance process is “Verification is defined as a Verification undertaken by an independent third party systematic, independent and and examines: documented process for the evaluation of climate data 1. The system or model that forms the basis of a greenhouse gas (GHG) against a set of predefined assertion – for example set boundaries criteria.“ or equipment calibration; 2. The data and information included in an assertion – a factual and objective declaration made by a company.
October 2011 Why is verification important?Importance and benefits of verification Data quality! Meeting market demand • Current and future regulation • Global prospective buyers • Investors Bloomberg Google Finance Indices – e.g. Dow Jones Sustainability Indexes g y Benefits – Enhancing processes and gaining competitive advantage: • Increasing reliability, comparability, credibility and trust • Identifying risks and opportunities • Competitive advantage
October 2011 When can verification take place?Data requirementsA general process that companies go through can be summarized in four steps:Step 1 Collect scope 1 and scope 2 emissions dataStep 2 Monitor / measure corporate carbon footprint (i e carbon dioxide equivalent (i.e.emissions per source and categorized by scope)Step 3 Manage / highlight areas where emissions savings can be made and the datacollection process optimizedStep 4 Reduce emissions
October 2011 Support for verificationUse of verification standards and streamlining of the processes Use of standards is essential and provides consistency across delivery and outcomes of verification. Criteria to consider when choosing a standard for verification: g Relevance Competency Independence Methodology Availability Streamlining verification: Climate reporting maturity Carbon management solutions
October 2011 Useful informationInformation about verification Read CDP’s Verification of climate data paper available CDP s from the CDP website Find out about CDP’s requirements around verification and stay update to date with developments Give us your feedback on CDP’s verification strategy – Open until October 31stVisit https://www.cdproject.net/verification for CDP’s latest verification updates
October 2011 Highlights from 2011 CDP data Overview: which companies are getting their data verified? Companies verifying Scope 1 emissions Underway 19% Verified Not verified 47% 53% Complete 81% Rest of World China Hong Kong 400 India 350 TaiwanNo. of companies 300 Brazil 250 Japan 200 Canada Verified c 150 South Africa 100 Not verified Australia Not verified 50 Verified South Korea 0 Rest of Europe UK US 0 100 200 300 400 500 600 No. of companies
October 2011 Highlights from 2011 CDP data What verification practices are reported? Scope 1 verification standards Scope 2 verification standards AA1000 AA1000 AT101 AT101 10% 11% EC 1% 1% EC Directive Directive 8% 1% Other 32% Other Oth 40% ISAE 3000 ISAE 3000 25% 25% ISO14064 3 ISO14064-3 ISO14064 ISO14064- 24% 3 22% Utilities Utilities Telecomms Telecomms Materials Materials IT IT Industrials Industrials Health Care Health Care Energy Energy Consumer StaplesConsumer Staples p Consumer Disc. Consumer Disc. Banks Banks 0 50 100 150 200 0 50 100 150 200
October 2011 Verification of climate data Thank you Michelle Cox Technical Manager Carbon Disclosure Project Verification@cdproject.net
ConAgra Foods Overview ConAgra Foods is a $12+ billion Fortune 500 company with more than 24,000 employees, with the company’s world headquarters located in Omaha, Neb. located in Omaha, Neb. ConAgra Foods began tracking a corporate greenhouse gas inventory in fiscal year 2008; just completed third‐party i t i fi l 2008 j t l t d thi d t verification of our fiscal year 2011 inventory.
GHG Reporting & Verification BoundaryConAgra Foods has 80manufacturing locations 40 Consumer Foods 23 flour mills 15 Lamb Weston 2 Spicetec Headquarter qlocations in Omaha, Naperville, and Kennewick
GHG Inventory Profile Verification included all Scope Also ifi d th Al verified other 1 & 2 emissions, i i sustainability KPIs and Scope 3 transportation
ConAgra Foods GHG Data Management Journey FY09 Compiled first GHG inventory using Excel spreadsheets Compiled first GHG inventory using Excel spreadsheets Submitted first response to CDP Investor Questionnaire FY10 Internally developed an Oracle web‐based sustainable reporting application Announced public sustainability goals, including 20 GHG reduction target Submitted second response to CDP Investor Questionnaire FY11 Completed first internal audit of GHG inventory Began issuing quarterly sustainability progress reports to management Submitted third response to CDP Investor Questionnaire Completed internal audit of all sustainability metrics Completed internal audit of all sustainability metrics Completed external verification GHG inventory and sustainability metrics FY12 Will submit verified data to the CDP in fourth response to Investor Questionnaire
Lessons Learned & Value in Verification Mature data management systems simplify auditing process. Internal Audit prepared us for third‐party verification and allowed us to develop an accurate scope of work. Regularly communicating sustainability KPIs to management improves data management process. Third party verification provided an objective assessment of our data management systems and facilitates continuous improvement. Verification enhances data‐owner accountability and engagement.
CDP Webinar Verification of Climate DataGuilherme FreireDirector,Director Environmental Strategies and TechnologiesOctober 20th, 2011
• Improved quality of information and meeting the deadlines for preparing the annual GHG inventory;• Defining and implementing a GHG Emissions Management System, based on ISO14064 - part 1;• Increased awareness across administrative and operational areas;• Minimising the environmental impact across the organization;• Increased transparency with key stakeholders.