Business Action on Climate Change

Transcription

1 Delhi 22 nd March 2013 Business Action on Climate Change Frances Way Co-Chief Operating Officer Programs What we do CDP is to the future of business what the X-ray was to the then-future of medicine without it, we would never have seen the insides of the patient's health. Christiana Figueres Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC) 1

2 CDP seeks disclosure on behalf of investors Investors Information Authority Authority Information Corporations CDP over time Number of Signatories CDP Signatories & Signatory Assets: Climate change signatories Water signatories Forests signatories Carbon Action signatories Climate change assets Water assets Forests assets Carbon Action assets Assets (US$ Trillion) 2

3 CDP today 4,112 Companies reported to CDP in Countries in which CDP operates Water Questionnaire sent to 629 companies in 2013 S&P 500 Global 500 Targeted industry sectors include: apparel chemicals food & beverage metals & mining oil & gas pharmaceuticals power generation semiconductors JSE 100 Companies outside these sectors and regions are welcome to respond voluntarily; to register ASX 100 3

4 CDP Forests: plans for 2013 Number of requests increasing from 450 to 786 companies Companies chosen from the major global indices, filtered by known or expected exposure to key commodities Earlier disclosure cycle requests sent out in February, deadline of June 27th Work being undertaken by CDP to articulate what best practice looks like and to define scope and metrics of reporting CDP s Questions Global standardisation 18 th March 2013: As part of its annual corporate sustainability ranking process, RobecoSAM, the company behind the Dow Jones Sustainability Indices (DJSI), produced with S&P Dow Jones Indices, will now ask public companies the same climate change questions as those developed over the past decade by CDP, provider of the only global environmental disclosure system and producer of the annual Climate Disclosure and Climate Performance Leadership Indexes (CDLI & CPLI). 4

5 CDP s scoring and benchmarking Investor use of CDP data Financial Data/ESG Research Providers Provide access to CDP data Create metrics based on CDP data Conduct company, sector and industry analyses Buy Side Rank, score and compare companies Construct ESG metrics Integrate climate change, water and supply change into risk and opportunity analyses Use indices to optimize returns Assess carbon sensitivity of portfolios Support company engagement Exclusion criteria CDP DATA Index Providers Create climate change or sustainability indices using CDP data Sell Side Inform broker recommendations Rank, score and screen companies Conduct sector analysis Design new financial products: Green ETF s, Funds and Indices Assess the carbon intensity of lending portfolios Due diligence of corporate finance 5

6 How companies use CDP data for supplier management CDM Policy Dialogue CDP s CEO Paul Simpson invited on to the high level panel on the CDM policy dialogue The panel calls on nations not only to increase their mitigation ambition but also to investigate the establishment of a new fund to purchase and cancel part of the current overhang of emission allowances held by countries under the Kyoto Protocol Recommendations addressing 22 topics are detailed in this publication The panel urges that its recommendations be implemented fully and without delay with a timetable agreed that will bring them into effect by the United Nations Climate Change Conference in December

7 CDP on the high-level panel on the CDM Policy Dialogue Summary of Recommendations 1. Secure market stability Urgently address the immediate crisis of demand: Increased mitigation ambition Wider access to the CDM Fund and reserve bank 2. Adapt to new conditions Enhance mitigation impact Sectoral REDD+ Net mitigation Linking Set standards Harmonization Support GCF 3. Enact operational reforms Standardized methods for determining additionality Better sustainable development assessments Strengthened cobenefits Greater access for underrepresented regions 4. Strengthen governance Clearer roles and greater accountability Stakeholder relations and public engagement Appeals and grievance mechanisms Regulatory certainty and streamlining 7