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Picking up the pace:
Tracking progress on corporate
climate action
CDP 2017 Japan Launch
October 24, 2017
Paul Dickinson, Executive Chair, CDP
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www.cdp.net | @CDP
CDP’s global climate change analysis 2017
Picking up the pace: Second global analysis in CDP’s series
‘Tracking progress on corporate climate action’
Tracks progress from baseline set in 2016
1,073 high impact companies disclosing data to CDP
12% of global direct greenhouse gas emissions
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www.cdp.net | @CDP
Companies are stepping up their
response to climate change. More are
setting long-term and science-based
targets.
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Global business taking action
89% of companies report
emissions reductions targets in
2017
68% of companies have targets
for 2020
20% map out sustainability
actions to 2030 and beyond
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89%
68%
20%
2017 2020 2030
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2 degree median scenario. Source: Carbon Tracker
Companies are closing the
emissions gap:
31% of the way to meeting the aims
of the Paris Agreement
Up from 25% last year
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Aligning targets with climate science
The number of companies in the sample committing
to science-based targets has grown:
61% increase since 2016
14% of the sample
Major new companies committing include BT Group, Tesco, Honda and MetLife
300+ companies have ambitions to set science-based targets within two years
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BT target approved by SBTi:
87% reduction Scope 1 and 2 emissions
25% reduction in value chain emissions
By 2030 compared to 2015 baseline.
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EDP commits to reducing scope 1 and 2 emissions
by 55% per TWh by 2030 from 2015 levels
Reduction of scope 3 emissions by 25% over same
period
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Companies taking action
20% increase in companies
offering low carbon products
Companies with a renewable
energy consumption target up 23%
Companies with a renewable
energy production target up 36%
Three quarters of companies say
their products and services enable
others to reduce emissions
Nearly a third (32%) of companies
now using internal carbon pricing
A further 18% plan to use pricing
within two years
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Nissan aims to be the leader in zero-emission vehicles
It has sold more than 240,000 electric vehicles (EVs)
around the world
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San Diego is working with GE Current, AT&T, Intel and
others on its US$30 million Smart City initiative
It aims to combine climate action with economic growth
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Climate change in the boardroom
98% of companies now have
Board-level management
90% have financial incentives
in place to reach corporate
climate targets
96% of companies now
reporting engagement with
policymakers on climate issues
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Steve Waygood, Chief Responsible Investment Officer,
Aviva Investors
For those that recognize climate exposures, the new norm is that companies
should be considering climate risk at the board level. The recommendations
from the Task Force on Climate-Related Financial Disclosures created a new
concept of climate risk governance. And disclosure of high-quality, comparable
environmental data is at the heart of this concept.
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The CDP A List 2017
Climate, Water, Forests
#AList #TippingPoint
www.cdp.net/en/scores-2017
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The CDP A List 2017
CDP’s A List names 160 corporates pioneering action on
climate change, water and deforestation
Companies include: Colgate Palmolive Company, Diageo Plc.,
J Sainsbury Plc., Sky Plc. and Sony Corporation
L’Oréal and Unilever top performers – ‘A’s for climate change,
water, deforestation
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Disclosing to CDP
33% increase in disclosures since 2013
Over 3,000 disclosing companies across Climate, Water,
Forests
40% of world’s biggest companies disclosing
Harder than ever to score an A
Disclosing companies progressing year on year
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Growth in disclosing companies since 2003
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A List as proportion of disclosing companies
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0
500
1000
1500
2000
2500
Climate Water Forests
A List
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How many are on the A List?
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0
20
40
60
80
100
120
Climate Water Forests
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A List – regional breakdown
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0
5
10
15
20
25
30
35
Climate Water Forests
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A List – sector breakdown
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0
5
10
15
20
25
30
35
ConsumerDiscretionary
ConsumerStaples
Energy Financials Health Care Industrials IT Materials Real Estate Telecoms Utilities
Climate Water Forests
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Climate
112 global companies on A List
2,359 companies disclosing
10% increase since 2011
Recognizing companies cutting emissions, mitigating
climate risks and developing the low-carbon economy
Toyota, LG and Sky among A Listers
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Owens Corning
Exceeded 2020 greenhouse gas reduction targets in
2014
Now reducing emissions intensity by 50% by 2020
Developing guide to building net zero homes
Increasing renewable energy sources
Reducing energy use across fleet and buildings
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Water
73 global companies on A List
Assesses awareness of water impacts and good water
management
753 companies disclosing
166% increase since 2011
Fujitsu, Intel, Ford, Kellogg Company among A Listers
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AstraZeneca
Setting local environmental standards
Sponsoring research on the environmental impact of
pharmaceuticals
Assesses and mitigates global and local water stress
Focus on knowledge sharing
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Forests
6 companies in A List
206 companies disclosing across the four categories
Timber, soy, palm oil, cattle
Grades efforts to remove deforestation from supply chain
47% increase since 2013
Tetra Pak, L’Oréal, Unilever among A Listers
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L’Oréal
Improving supply chain traceability
Commitment to zero deforestation by 2020
Certified palm oil derivatives
Global Forest Watch Tool
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Disclosure never been more important
Over 800 investors with assets over US$100 trillion
International coalitions of investors requesting greater
transparency on climate risk at AGMs
1800 companies and major investors have endorsed or
are responding to the recommendations of the TCFD
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Paul Simpson, CEO, CDP
The transition to a low-carbon economy will create winners and
losers within and across sectors. As new businesses and
technologies emerge and scale up, billions of dollars of value are
waiting to be unlocked, even as many more are at risk.
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Thank you