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CDP Climate Change 2021 Questionnaire

(C2.4a) Provide details of opportunities identified with the potential to have a substantive financial or strategic impact on your business.

Question dependencies

This question only appears if you select “Yes” in response to C2.4.

Change from 2020

No change

Connection to other frameworks

TCFD

Strategy recommended disclosure a) Describe the climate related risks and opportunities the organization has identified over the short, medium, and long term.

Strategy recommended disclosure b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.

Please note: columns 1-7 align with the TCFD recommendations.

SDG

Goal 7: Affordable and clean energy

Goal 12: Responsible consumption and production

Goal 13: Climate action

Response options

Please complete the following table. The table is displayed over several rows for readability. You are able to add rows by using the “Add Row” button at the bottom of the table.

Identifier Where in the value chain does the opportunity occur? Opportunity type Primary climate-related opportunity driver Primary potential financial impact Company-specific description Time horizon
Select from:
  • Opp1 - Opp100
 Select from:
  • Direct operations
  • Upstream
  • Downstream
 Select from:
  • Resource efficiency
  • Energy source
  • Products and services
  • Markets
  • Resilience
 See drop-down options below See drop-down options below Text field [maximum 2,500 characters] Select from:
  • Short-term
  • Medium-term
  • Long-term
  • Unknown
Likelihood Magnitude of impact Are you able to provide a potential financial impact figure? Potential financial impact figure (currency) Potential financial impact figure - minimum (currency)
 Potential financial impact figure - maximum (currency)
Select from:
  • Virtually certain
  • Very likely
  • Likely
  • More likely than not
  • About as likely as not
  • Unlikely
  • Very unlikely
  • Exceptionally unlikely
  • Unknown
 Select from:
  • High
  • Medium-high
  • Medium
  • Medium-low
  • Low
  • Unknown
 Select from:
  • Yes, a single figure estimate
  • Yes, an estimated range
  • No, we do not have this figure
 Numerical field [enter a number from 0 to 999,999,999,999,999 using up to 2 decimal places] Numerical field [enter a number from 0 to 999,999,999,999,999 using up to 2 decimal places]
 Numerical field [enter a number from 0 to 999,999,999,999,999 using up to 2 decimal places]
Explanation of financial impact figure Cost to realize opportunity Strategy to realize opportunity and explanation of cost calculation Comment
Text field [maximum 2,500 characters] Numerical field [enter a number from 0 to 999,999,999,999,999 using up to 2 decimal places] Text field [maximum 2,500 characters]
 Text field [maximum 2,500 characters]

[Add Row]

Primary climate-related opportunity driver drop-down options (column 4)

Select one of the following options:

Resource efficiency
  • Use of more efficient modes of transport
  • Use of more efficient production and distribution processes
  • Use of recycling
  • Move to more efficient buildings
  • Reduced water usage and consumption
  • Other, please specify
Energy source
  • Use of lower-emission sources of energy
  • Use of supportive policy incentives
  • Use of new technologies
  • Participation in carbon market
  • Shift toward decentralized energy generation
  • Other, please specify
 Products and services
  • Development and/or expansion of low emission goods and services
  • Development of climate adaptation, resilience and insurance risk solutions
  • Development of new products or services through R&D and innovation
  • Ability to diversify business activities
  • Shift in consumer preferences
  • Reputational benefits resulting in increased demand for goods/services [Financial services only]
  • Other, please specify
Markets
  • Access to new markets
  • Use of public-sector incentives
  • Access to new assets and locations needing insurance coverage
  • Increased diversification of financial assets (e.g., green bonds and infrastructure) [Financial services only]
  • Increased sales of liability and other insurance to cover climate-related risks [Financial services only]
  • Reduced risk of asset stranding considered in investment decision making [Financial services only]
  • More timely preparation for investors in adhering to current and potentially stricter future regulation in relation to fiduciary duty [Financial services only]
  • Increased demand for funds that invest in companies that have positive environmental credentials [Financial services only]
  • Enhanced financial performance of investee companies as a result of being able to access new markets and develop new products to meet green consumer demand [Financial services only]
  • The development of new revenue streams from new/emerging environmental markets and products [Financial services only]
  • Improved ratings by sustainability/ESG indexes [Financial services only]
  • Other, please specify
Resilience
  • Participation in renewable energy programs and adoption of energy-efficiency measures
  • Resource substitutes/diversification
  • New products and services related to ensuring resiliency [Financial services only]
  • Increased reliability, climate- resilience of investment chain [Financial services only]
  • Other, please specify

Primary potential financial impact drop-down options (column 5)

Select from the following options:

  • Reduced direct costs
  • Reduced indirect (operating) costs
  • Increased revenues resulting from increased demand for products and services
  • Increased revenues through access to new and emerging markets
  • Increased revenues resulting from increased production capacity
  • Increased access to capital
  • Increased value of fixed assets
  • Increased diversification of financial assets
  • Increased portfolio value due to upward revaluation of assets [Financial services only]
  • Returns on investment in low-emission technology
  • Other, please specify