(C-CE9.6/C-CG9.6/C-CH9.6/C-CN9.6/C-CO9.6/C-EU9.6/C-MM9.6/C-OG9.6/C-RE9.6/C-ST9.6/C-TO9.6/C-TS9.6) Does your organization invest in research and development (R&D) of low-carbon products or services related to your sector activities?
Change from last year
No change
Rationale
Investment in R&D of new low-carbon technologies is needed to mitigate transition risk. According to the TCFD recommendations, the level of investment provides an indication of how exposed future earning capacity is to climate risks.
Response options
Please complete the following table:
| Investment in low-carbon R&D | Comment |
|---|---|
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Explanation of terms
- Low-carbon product or service: Despite the increasing focus on low-carbon investments, there is no precise and generally accepted definition of low-carbon products/services. It can be loosely defined as a product or service that leads to an absolute reduction in GHG emissions or to reduced carbon intensity of an activity. To define whether the product or service is low-carbon, CDP encourages the use of existing industry taxonomies and frameworks such as Climate Bonds Taxonomy, the Global Investor Coalition on Climate Change’s Low Carbon Investment Registry, and the EU Taxonomy for Environmentally Sustainable Economic Activities.
- Research and development (R&D): Refers to the activities companies undertake to innovate and introduce new products and services. It is often the first stage in the development process. Investment in R&D is a type of operating expense associated with the research and development of a company's goods or services.
