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CDP Climate Change Questionnaire Preview and Reporting Guidance 2020 - Version Control
Version number
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Release/Revision date
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Revision summary
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1.0
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Released: December 16, 2019
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The
2020 climate change questionnaire preview and preliminary version
of the reporting guidance was released.
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2.0
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Released: March 13, 2020
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- C1.1a, C2.2a: Modification to “Requested content” for “Please explain”.
- C2.3a: Modification to “Requested content” for “Explanation of financial impact figure” and “Description of response and explanation of cost calculation”.
- C2.4a: Modification to “Requested content” for “Explanation of financial impact figure” and “Strategy to realize opportunity and explanation of cost calculation”.
- C3.1d, C3.1e: Modification to “Requested content” for “Description of influence”.
- C3.1f: Updated character limit to 7000 characters.
- C6.10: Modification to “Requested content” for “Reason for change”.
- C8.2e: Modification to “Requested content”.
Real estate and construction sectors:
- C-CN6.6c/C-RE6.6c, C-RE9.9a, C-CN9.10a/C-RE9.10a: Property classification updated in line with 2020 GRESB Real Estate Assessment – column header renamed to “Property sector” and drop-down options revised.
Financial services sectors:
- C2.3a: Modification to a drop-down option in ”Primary potential financial impact”.
- C-FS2.2f: Modification to “Please explain”.
|
2.1 |
Released: March 31, 2020 |
- C3.1d, C3.1e, C4.2a: Added "Example response".
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2.2 |
Released: April 14, 2020 |
- The Terms were added for the 2020 Investor and Supply Chain questionnaires.
- The Deadline for submission was updated to: August 26, 2020.
|
2.3 |
Released: May 7, 2020 |
- C3.1e: Updated character limit to 7000 characters for "Description of influence".
|
2.4 |
Released: May 28, 2020 |
- C-EU8.2d: Modification to “Requested content” and “Change
from last year”.
- C-MM9.3a: Modification to “Requested content” for “Production, copper-equivalent units, metric tons”.
- C-MM9.3b: Modification to “Change from last year”.
|
2.5 |
Released: June 11, 2020 |
- C8.2e: Modification to “Requested content” for “General” and “MWh consumed accounted for at a zero emission factor”
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CDP disclosure cycle 2020
Accessing questionnaire previews, reporting guidance, and scoring methodologies
CDP’s corporate questionnaire previews, reporting guidance, and scoring methodologies for climate change, forests and water security can be accessed from the guidance for companies page of CDP's website.
Submitting a response to the questionnaire(s)
Responses to questionnaires must be submitted via CDP's Online Response System (ORS), which is part of CDP's online disclosure platform. Please refer to Using CDP's Online Disclosure Platform for more details. Please note that while the questions themselves are the same in the questionnaire preview as they are in the ORS, the display format of some questions may differ, particularly for drop-down options and tables.
Sector-specific questions
Companies in high-impact sectors, in addition to the general questions, will be presented with questions specific to that sector. The rationale for developing a refined questionnaire for each of these sectors is outlined in the relevant sector introduction.
The sector-specific questions to companies are defined by CDP's Activity Classification System (CDP-ACS). This system categorizes companies by focusing on the activities from which they derive revenue and associating these with the impacts to their business from climate change, water security and deforestation.
Please note that since each questionnaire includes sector-specific questions throughout, and not all questions will be applicable to your organization, some question numbers may skip.
Full and Minimum versions of the questionnaire
All organizations completing the climate change, forests and water security questionnaires are eligible to complete the full questionnaire.
In some cases, organizations may be eligible to complete a minimum version which contains fewer questions, and no sector-specific questions or data points. Organizations are eligible to complete the minimum version in the following circumstances:
- They are disclosing to that questionnaire for the first time; OR
- They are not disclosing to that questionnaire for the first time, but have an annual revenue of less than EUR/US $250 million*
Organizations opting to complete a minimum version will only be eligible for scoring if they are submitting a response to customers (CDP Supply chain members). For more information on scoring eligibility and implications, please see our Scoring Introduction.
* For previous responders to a questionnaire with an annual revenue of less than EUR/US$250 million, CDP reserves the right to remove the option of a minimum version questionnaire due to the organization’s potential or existing environmental impact.
Timeline:
December 2019
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- Preview of 2020 questionnaires and preliminary version of reporting guidance released on CDP website.
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March 2020
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- Final version of reporting guidance and scoring methodologies released on CDP website.
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April 2020
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- Online Response System (ORS) opens in the week commencing 13 April 2020.
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August 2020
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- Companies must submit their responses to investors and/or customers using the ORS by 26 August 2020 to be eligible for scoring and inclusion in reports (where applicable).
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For any disclosure-related enquiries, please contact your regional CDP contact, or [email protected].
CDP climate change questionnaire
This questionnaire is the property of CDP Worldwide, reproduction of all or part (including within software platforms) without permission of CDP Worldwide is prohibited. Please contact [email protected] for more information on this.
Introduction to CDP's climate change program and questionnaire
The 2015 Paris Agreement was a tipping point in the global approach to climate change. By agreeing to limit global temperature rises to well below 2°C, governments have committed to transforming to a low-carbon economy. This transition will create winners and losers within and across business sectors, as the manifestation of climate-related opportunities and risks accelerates in both size and scope. Business as usual will not be a good indicator of how companies will perform.
CDP believes that improving corporate awareness through measurement and disclosure is essential to the effective management of carbon and climate change risk. We request information on climate risks and low-carbon opportunities from the world’s largest companies on behalf of investors, customers, and policy makers.
Regulators have begun to respond to the risks, notably with the Task Force on Climate-related Financial Disclosures (TCFD). Established by the Financial Stability Board, the TCFD has moved the climate disclosure agenda forward by emphasizing the link between climate-related risk and financial stability. The Task Force has recommended that both companies and investors disclose climate change information. This includes whether they are conducting scenario analysis in line with a 2-degree pathway and then setting out how climate-related issues impact their strategy and financial planning. This amplifies the long-standing call from CDP’s investor signatories for companies to disclose comprehensive, comparable environmental data in their mainstream reports, driving climate-related risk management further into the boardroom.
Commit to Action
CDP and its partners in the We Mean Business coalition have created a central platform for companies to tackle key climate issues, with hundreds of companies from every economic sector and geography taking action to date. The We Mean Business “Take Action” platform gives companies a clear pathway for building the Paris Agreement into their business strategies and to future-proof growth, giving policy makers the confidence in raising their ambitions as governments prepare to ratchet up their national pledges in 2020.
Companies who have made commitments through We Mean Business can track progress against them via CDP’s annual disclosure requests. For example, companies can track their commitment to adopt a science-based emissions reduction target by answering C4.1 and C4.2 sub-questions in detail. For more specific information on each commitment and how companies can report on their progress in the relevant sections of CDP’s questionnaires, please refer to the "Commit to Action Technical Note".
Climate change questionnaire structure
There are 14 modules in the general climate change questionnaire, including the Introduction and Signoff modules, plus a module presented only to organizations that are responding to a customer request from one or more CDP Supply Chain Members. The journey through CDP’s general climate change questionnaire includes the following:
- Governance
- Risks and opportunities
- Business strategy
- Targets and performance
- Emissions methodology
- Emissions data
- Energy
- Additional metrics
- Verification
- Carbon pricing
- Engagement
Sector approach
The structure of the CDP climate change questionnaire was redesigned in 2018 in response to market needs and trends in corporate climate change reporting. Revisions included the inclusion of the TCFD recommendations, an increased emphasis on forward-looking metrics, improved alignment with other reporting frameworks, and the integration of sector-specific questions.
For climate change, CDP has incorporated sector-specific questions for 16 high-impact sectors.
Each question number in the climate change questionnaire begins with the letter C. Questions that are unique to companies in a particular sector are labelled using a two-letter abbreviation within the question number. These abbreviations are noted below.
2020 climate change sectors:
- Agriculture: Agriculture commodities (AC); Food, beverage & tobacco (FB); Paper & forestry (PF)
- Energy: Coal (CO); Electric utilities (EU); Oil & gas (OG)
- Financial: Financial services (FS)
- Materials: Cement (CE); Capital goods (CG); Chemicals (CH); Construction (CN); Metals & mining (MM); Real estate (RE); Steel (ST)
- Transport: Transport services (TS); Transport OEMs (TO)
Climate change questionnaire changes in 2020
The changes for 2020 complete CDP’s alignment with the sectors included in the TCFD recommendations. Other changes include revisions to simplify existing modules and questions, correct errors and improve alignment across CDPs questionnaires.
Modifications include:
- New sector-specific questions for the capital goods, construction, financial services, and real estate sectors.
- Modules C2, C3 and C4 revised to remove repetitions, clarify the data requested and improve question pathways.
- Some general questions removed for the electric utilities and financial services sectors.
Revisions and changes are indicated within the questionnaire as: “no change”, “minor change” or “modified question”. “Minor change” indicates wording edits and revisions to drop-down options or a simple clarification, while a “modified question” indicates that the data requested has been revised. A detailed document on climate change question changes from 2019 to 2020 can be found on the Guidance page of the website.
Preparing your CDP response
CDP disclosure support
CDP provides a variety of support materials to help organizations disclosing to our questionnaires. Before completing the corporate questionnaires, we strongly recommend you read the relevant Reporting Guidance, Scoring Introduction document, and relevant Scoring Methodology. Please also see our Frequently Asked Questions.
Reporting guidance
CDP's reporting guidance includes the following sections:
- Module-level guidance: for select modules this guidance provides an overview, key changes, sector-specific content for the module, and important disclosure notes. This section also presents question pathway diagrams showing the flow of questions through each module.
- Question-level guidance: at the question level, guidance is separated into the following components, to provide clarity around questions, terminology and requirements.
- Rationale: provides reasoning behind the inclusion of each question;
- Connections to other frameworks: notes connections to the Sustainable Development Goals (SDGs), RobecoSAM Corporate Sustainability Assessment (DJSI), and Task Force on Climate-related Financial Disclosures (TCFD) for each relevant question in the climate change questionnaire;
- Requested content: offers context around each question and requested criteria;
- Explanation of terms: provides detailed definitions for specific terminology;
- Example responses: for select questions, this provides an example of a response that would include all information requested; and
- Additional information: for select questions, this provides optional contextual information and sources related to the subject of the disclosure request.
- Glossary: viewable at the end of the reporting guidance, the glossary contains a subset of "Explanation of terms".
- Appendix A: Agricultural/Forestry management practices.
If you have any questions that are not answered in the reporting guidance, the additional guidance noted below, or our Frequently Asked Questions, please contact your local CDP office or [email protected].
Additional CDP guidance
In addition to the reporting guidance, scoring methodologies and a selection of technical notes can be found on the guidance for companies page of CDP's website. The full suite of technical notes and guidance materials are accessible from the guidance tool after signing in (updating in progress until March 2020).
Webinars and workshops
CDP hosts live webinars and workshops designed to aid you with environmental reporting.
Please visit the workshops and webinars and climate change pages of CDP's website for more details.
CDP Reporter Services
CDP Reporter Services program offers tailored support, enhanced data access and thought leadership on managing and reporting environmental risk to your business. Access the tools you need to move from disclosure to leadership on integrating climate, forests management, and water security into your wider business strategy. For year-round, personalized disclosure support from a dedicated CDP account manager, a gap analysis of your previous response, final review before submission, and analytics tools to benchmark yourself against peers and understand best practice contact [email protected]. Visit the Reporter Services page of CDP's website for more information.
CDP accredited solutions providers
CDP partners with leading environmental service providers that can support companies throughout all stages of the measurement, reporting and management of their climate and sustainability data and impacts. All CDP solutions providers have met specific accreditation criteria. See provider areas of expertise below, and visit the accredited solutions provider directory to search for the provider best able to support you:
- Carbon reduction solutions providers offer technology and services that can help your organization reduce carbon emissions and improve energy efficiency.
- Climate consultancy solutions providers have a wide range of technical expertise to support companies with establishing and implementing climate change and sustainability strategies.
- Science-based target (SBT) accredited providers have expertise in helping companies to set and implement targets in line with what the latest climate science says is necessary.
- Education & training service providers improve employee awareness and understanding of how climate change affects their organization through carbon management training programs.
- Renewable energy solutions providers provide expertise in procuring, tracking, and generating renewable power.
- Software solutions providers simplify the collection, monitoring, and reporting of sustainability, CSR, and environmental data through integrated sustainability software applications.
- Verification solutions providers help organizations disclose accurate data and improve internal processes by providing third-party verification and assurance of emissions data, a practice recommended by CDP.
As well as visiting our accredited solutions provider webpage, you can also contact [email protected] to find out more.
Notes for completing your disclosure
Acronyms
Avoid using bespoke internal acronyms unless required for your organization’s response, in which case please provide their meaning to enable correct analysis and scoring.
Blank responses
Leaving a response blank is interpreted as non-disclosure. For numeric fields, values of zero (0) imply a measurement has been made, and the value is zero (0). For numeric fields where no measurement has been made, please leave the field blank and provide an explanation in an open text field for that same question (e.g. "Comment" or "Please explain"). If there is no open text field for the question, you may provide an explanation in the "Further information" field in the ORS at the end of your disclosure. Leaving a response blank and entering a value of zero (0) have different scoring implications. Please see the scoring methodology for more details.
Character limits
Limits noted in the guidance and the ORS include spaces.
"Comment" column
Some questions include a column labelled as "Comment". Note that providing information in these columns is optional.
Company-specific information
Some questions request company-specific information. Be sure to include company-specific detail, such as references to activities, programs, products, services, methodologies, or operating locations unique to your company’s business or operations. A company-specific explanation should include details that make the answer true for the responding company and are distinct from other companies in the same industry and/or geography. This level of detail gives data users confidence that the issue at hand has been thoroughly considered in the context of the responder’s own business and not simply assessed in general terms.
Consistency
CDP encourages a comprehensive and consistent response. Please ensure there is no conflicting information in your responses, both within a question and across the questionnaire.
Copy from last year
The "copy from last year" functionality will be available in the ORS for companies that disclosed to CDP in the previous reporting year.
Note that this functionality may have been disabled for modified data points. The reporting guidance will indicate which questions have been modified. The Questionnaire Changes document on the guidance section of the CDP website lists all revisions. Your responses should always be checked before submission.
Data accuracy
CDP recognizes that there may be uncertainty linked to data – this can arise from data gaps, assumptions, metering/measurement constraints including equipment accuracy etc. CDP allows estimated data to be submitted. However, an emphasis is placed on reporting transparently and this means that a company should always provide an explanation when its reported data is not accurate and detail the uncertainty (use the "Please explain" or "Comment" columns provided in the question).
Drop-down options ("Other, please specify")
Please select from the options provided whenever possible, and only select "Other, please specify" when none of the listed options is appropriate. This greatly assists data analysis. If selecting "Other, please specify", you must add a label that describes the option you are providing data for.
"Further information" field
At the end of the questionnaire, there is an opportunity to provide additional information or context that you feel is relevant to your organization’s response. This field is optional and not scored.
Mergers and acquisitions (M&As)
All disclosure should be defined by the organizational boundary applicable at the time of the stated reporting period. (Note that for CDP disclosure, organizations are encouraged to align their reporting period and organizational boundaries with their financial reporting).
Regarding forward-looking disclosure, organizations should include information that was correct at the time of the stated reporting period (for example, for data points referring to the future or "the next two years"). Organizations undergoing (or that have undergone) M&As need to consider the timing of the M&As and reporting period as follows:
- Organizations that were acquired after the end of the current reporting period: these should respond with what was planned (strategy, targets, etc.) before being acquired (i.e., during the reporting period). For transparency, where possible they may state where they consider that the forward-looking information may be subject to change due to the very recent acquisition.
- Organizations that were acquired during the reporting period: these should provide information that was applicable and correct to the best of their knowledge at the end of the reporting period. At the time of submitting their response to CDP, this information may not be the most up to date due changes underway following the acquisition. For transparency, the company may state this in their disclosure where possible.
Personal data
It is important that you do not include the name of any individual or any other personal data in your response. For questions that ask for the positions of staff, out of respect for personal data privacy we are asking only for the position and not for the individual’s name or any other information relating to them.
Providing feedback to CDP
You can provide feedback to CDP on the content of our questionnaires and supporting documents through our online technical feedback form.
We are unable to respond individually to all feedback, but please be assured that all form submissions are reviewed and contribute towards our continuous improvement. However, if you represent a responding organization and would like to request a response, please email [email protected] or your local CDP contact.
C0 Introduction
Module Overview
This module requests information about your organization’s disclosure to CDP and will help data users to interpret your responses in the context of your business operations, timeframe and reporting boundary.
The information provided here should apply consistently to your responses throughout the questionnaire and be complete and accurate as it may determine response options presented in subsequent modules.
For this reason, you should respond to every question in this module before accessing the rest of the questionnaire.
Key changes
- New questions have been added for the construction, real estate and financial services sectors: C-CN0.7/C-RE0.7 and C-FS0.7.
- Click here for a list of all changes made this year.
Sector-specific content
Additional questions on organizational activities for the following high-impact sectors:
- Agricultural commodities
- Capital goods
- Cement
- Chemicals
- Coal
- Construction
- Electric utilities
- Financial services
- Food, beverage and tobacco
- Metals & mining
- Oil & gas
- Paper & forestry
- Real estate
- Steel
- Transport original equipment manufacturers (OEMs)
- Transport services
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C0 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Introduction
(C0.1) Give a general description and introduction to your organization.
Change from 2019
No change
Rationale
This will help data users interpret your responses.
Response options
This is an open text question with a limit of 5,000 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Requested content
General
- Provide information about your operations to help data users understand your greenhouse gas (GHG) emissions inventory and corporate climate change strategy. Include information on your business divisions and your emissions-generating activities (e.g. extraction and/or processing/refining of natural resources, electricity generation, transportation, manufacturing etc.).
-
This information helps data users understand your company’s emissions profile and differences in emissions figures between peer companies.
-
Note and explain any changes in your reporting year (C0.2) from previous CDP disclosures (e.g. from reporting calendar year to financial year, or vice versa).
Explanation of terms
- Organization: Throughout this questionnaire, “your organization” refers collectively to all the companies, businesses, other entities or groups that fall within the definition of your reporting boundary (provided in C0.5). This term is used interchangeably with “your company”, but CDP recognizes that some disclosing organizations may not consider themselves to be, or be formally classified, as “companies”.
(C0.2) State the start and end date of the year for which you are reporting data.
Change from 2019
No change
Rationale
This will help data users interpret your responses.
Response options
Please complete the following table.
Start date
|
End date
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Indicate if you are providing emissions data for past reporting years
| Select the number of past reporting years you will be providing emissions data for |
From: [DD/MM/YYYY]
|
To: [DD/MM/YYYY]
|
Select from: | Select from:
|
Requested content
General
- Apply this reporting year to your answers for the entire questionnaire unless the ability is provided to specify other reporting periods.
- Please ensure that the reporting period represents only one full year that has already passed. Reporting periods should not be in the future. This information is important for others to understand the time dimension of your disclosure.
- If you are using the Export/Import functionality, please check that the imported date is correct.
- The current reporting year is the most recent 12-month period for which data is reported.
- This reporting period applies to all answers except where other reporting periods can be disclosed. CDP does not require companies to align their reporting year with their fiscal year. However, when organizations report emissions intensity using a financial metric, both emissions and financial information provided should align with the reporting year reported here.
- Note that the investment community generally prefers a company's disclosure period to match the fiscal year for their financial jurisdiction. This facilitates the assessment of environmental performance data in alignment with financial performance data.
- CDP recommends that companies provide a year for which they have complete data if possible. However, if you do not have data for the entirety of your reporting year, you have the following options:
- Extrapolate your data to cover the entire reporting year.
- Outline in C6.4 the sources of Scope 1 and 2 emissions within your selected reporting boundary and not included in your disclosure.
- Select "No" in column 3 (Indicate if you are providing data for past reporting years) unless you are a first time responder providing emissions from past years or a previous responder to CDP who is restating your emissions data. For more information on this see the note for first-time responders and the note for restating data below.
- If multiple years of data are provided, only data pertaining to the most recent reporting year will be scored.
Note for first-time responders:
- If you have not provided emissions data before, supply gross global Scope 1 and Scope 2 emissions data for the three years prior to the current reporting year in the emissions accounting questions (C6.1 and C6.3).
- To report emissions data for years prior to the current reporting year select "Yes" in column 3 (Indicate if you are providing emissions data for past reporting years). Then select how many years of emissions data you will be providing.
- This will enable you to enter multiple years of data when you reach questions C6.1 and C6.3.
Note for restating data:
- You may also choose to restate your emissions data previously supplied to CDP, for example to ensure that your historical data reflects your current organizational boundary.
- Reporting recalculated figures for these years is optional. However, if you wish to do this it can provide transparency to stakeholders using your data.
- If you choose to restate data previously supplied to CDP, report the dates of those reporting periods here by selecting "Yes" in column 3 (Indicate if you are providing emissions data for past reporting years). Then select how many years of emissions data you will be providing.
- This will enable you to enter multiple years of data when you reach questions C6.1 and C6.3.
- When you arrive at the relevant questions that need to be restated (C6.1 and C6.3), use the comment column to identify the reason for the restatement.
- For more information on restatements see CDP's technical note on restatements here.
(C0.3) Select the countries/areas for which you will be supplying data.
Change from 2019
Minor change
Rationale
This will help data users interpret your responses.
Response options
Please complete the following table:
Country/area
|
Select all that apply:
[Country/area drop-down list]
|
Requested content
General
- Select all countries/areas in which you operate from the drop-down menu provided.
(C0.4) Select the currency used for all financial information disclosed throughout your response.
Change from 2019
No change
Rationale
CDP encourages companies to report financial figures associated with their impacts, risks, and opportunities. Establishing a single currency will facilitate the collection of comparable financial information. This will benefit investors and other data users when assessing the costs and benefits reported by your organization.
Response options
Please complete the following table:
Currency
|
Select from:
[Currency drop-down list]
|
Requested content
General
- Select the currency to be applied to all financial information reported in this disclosure.
- For example, if you select USD($), provide metric tons CO2e per USD($) as the financial intensity metric in question C6.10.
C1 Governance
Module Overview
Board-level oversight of climate-related issues is considered best practice and provides an indication of the importance of climate-related issues to the organization.
This module is intended to capture the governance structure of your company with regard to climate change, and provides data users with an understanding of the organization's approach to climate-related issues at the board level and management level.
Key changes
For the financial services sector only:
- New question: C-FS1.4.
- Modified questions: C1.1b, C1.2 - new columns.
- New response options: C1.1a column 1, C1.3a columns 1 and 3.
- Click here for a list of all changes made this year.
Sector-specific content
Additional questions on retirement schemes for the following high-impact sectors:
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C1 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Board oversight
(C1.1) Is there board-level oversight of climate-related issues within your organization?
Change from 2019
No change
Rationale
This question provides an indication of the importance of climate-related issues to your business. Investors and other data users are interested in an organization's understanding and approach to climate-related risks at the board level; how aligned this is with business strategy, policies, and performance objectives; and how the board monitors progress against targets and goals. This question supports TCFD’s Governance recommendation a) Describe the board’s oversight of climate-related risks and opportunities.
Connection to other frameworks
SDG
Goal 12: Responsible consumption and production
Response options
Select one of the following options:
Requested content
General
- Consider whether the board and/or board committees take account of climate-related issues when reviewing and guiding their business strategy, major plans of action, risk management policies, annual budgets, and budget plans as well as setting the organization's performance objectives, monitoring implementation and performance, and overseeing major capital expenditures, acquisitions, and divestitures.
- If your organization has board-level oversight of risk assessment that includes climate-related risks, select "Yes". You'll be able to provide details in subsequent questions.
Note for financial services sector companies:
- Consider whether the board and/or board committees have oversight of climate-related issues in relation to the financial activities undertaken by your organization such as lending, financial intermediary, investment and/or insurance underwriting activities, in addition to operational activities.
- Further details can be provided in subsequent questions C1.1a and C1.1b
Explanation of terms
- Board: Or “Board of Directors” refers to a body of elected or appointed members who jointly oversee the activities of a company or organization. Some countries use a two-tiered system where “board” refers to the “supervisory board” while “key executives” refers to the “management board".
Additional information
For further information on board-level oversight in governance, see TCFD’s recommendations, CDP’s technical note on the TCFD’s recommendations and “How to Set Up Effective Climate Governance on Corporate Boards - Guiding principles and questions” (World Economic Forum, 2019).
(C1.1c) Why is there no board-level oversight of climate-related issues and what are your plans to change this in the future?
Question dependencies
This question only appears if you select “No” in response to C1.1.
Change from 2019
No change
Rationale
As board-level oversight of climate-related issues is considered best practice, this question allows organizations to explain why there is no board-level oversight.
Response options
Please complete the following table:
Primary reason
|
Board-level oversight of climate-related issues will be introduced within the next two years.
|
Please explain
|
Text field [maximum 1,000 characters]
|
Select from:
- Yes, we plan to do so within the next two years
- No, we do not currently plan to do so
|
Text field [maximum 2,400 characters]
|
Requested content
Primary reason (column 1)
- Provide your organization's main rationale for not currently having board-level oversight of climate-related issues.
Please explain (column 3)
- Explain what you plan to implement in the next two years, or why you do not currently plan to do so.
Management responsibility
(C1.2) Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues.
Change from 2019
Modified question for FS only
Rationale
While it is most important for a member of the board to have responsibility for climate-related issues, assigning management-level responsibility indicates to CDP data users that the organization is committed to implementing its climate-related strategy.
Connections to other frameworks
TCFD
Governance recommended disclosure b) Describe management’s role in assessing and managing climate related risks and opportunities.
SDG
Goal 12: Responsible consumption and production
Response options
Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table.
Name of the position(s) and/or committee(s)
|
[FINANCIAL SERVICES ONLY] Reporting line
|
Responsibility
|
[FINANCIAL SERVICES ONLY] Coverage of responsibility
|
Frequency of reporting to the board on climate-related issues
|
Select from:
- Chief Executive Officer (CEO)
- Chief Financial Officer (CFO)
- Chief Operating Officer (COO)
- Chief Procurement Officer (CPO)
- Chief Risks Officer (CRO)
- Chief Sustainability Officer (CSO)
- Chief Investment Officer (CIO) [Financial services only]
- Chief Credit Officer (CCO) [Financial services only]
- Chief Underwriting Officer (CUO) [Financial services only]
- Other C-Suite Officer, please specify
- President
- Risk committee
- Sustainability committee
- Safety, Health, Environment and Quality committee
- Corporate responsibility committee
- Credit committee [Financial services only]
- Investment committee [Financial services only]
- Responsible Investment committee [Financial services only]
- Audit committee [Financial services only]
- Other committee, please specify
- Business unit manager
- Energy manager
- Environmental, Health, and Safety manager
- Environment/Sustainability manager
- Facility manager
- Process operation manager
- Procurement manager
- Public affairs manager
- Risk manager
- Portfolio/Fund manager [Financial services only]
- ESG Portfolio/Fund manager [Financial services only]
- Investment/credit/insurance analyst [Financial services only]
- Dedicated responsible investment analyst [Financial services only]
- Investor relations manager [Financial services only]
- Risk analyst [Financial services only]
- There is no management level responsibility for climate-related issues
- Other, please specify
|
Select from:
- Reports to the board directly
- CEO reporting line
- Risk - CRO reporting line
- Finance - CFO reporting line
- Investment - CIO reporting line
- Operations - COO reporting line
- Corporate Sustainability/CSR reporting line
- Other, please specify
|
Select from:
- Assessing climate-related risks and opportunities
- Managing climate-related risks and opportunities
- Both assessing and managing climate-related risks and opportunities
- Other, please specify
|
Select all that apply:
- Risks and opportunities related to our bank lending activities
- Risks and opportunities related to our investing activities
- Risks and opportunities related to our insurance underwriting activities
- Risks and opportunities related to our other products and services
- Risks and opportunities related to our own operations
|
Select from:
- More frequently than quarterly
- Quarterly
- Half-yearly
- Annually
- Less frequently than annually
- As important matters arise
- Not reported to the board
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[Add Row]
Requested content
General
- Please provide details of the highest management-level position or committee with a responsibility for climate-related issues.
- The responsibility may be for assessing and/or managing climate-related risks and opportunities, or have another primary focus.
- Note that this question asks about the position and not about the names of the staff holding these positions. Do not include the name of any individual or any other personal data in your response.
Name of the position(s) and/or committee(s) (column 1)
- Select the best match for the position/committee in your organization, or select "Other, please specify".
- The list includes senior positions that may sometimes but not always be at board level.
- Note that positions already listed in C1.1a are also listed here; select one of those positions only if the individual has effective management responsibility for climate-related issues.
- If there is more than one position/committee with high management-level responsibility and you would like to describe this, you may use the "Add Row button". This is optional.
- If you are selecting more than one position or committee by adding rows, make sure that the position/committee with the highest level of responsibility is in the top row of the table.
Reporting line [FINANCIAL SERVICES ONLY]
- Select the best match for the reporting line that is in charge of overseeing the positions with responsibility for climate-related issues.
Coverage of responsibility [FINANCIAL SERVICES ONLY]
- This column seeks to understand whether the highest management-level position or committee with responsibility for climate-related issues considers both climate-related risks and opportunities related to your own operations as well as core financing activities.
Explanation of terms
- Highest management-level position(s) or committee(s): The most senior individual or committee with operational responsibility for the implementation of decisions taken at the board level and day-to-day management.
Employee incentives
(C1.3) Do you provide incentives for the management of climate-related issues, including the attainment of targets?
Change from 2019
Modified question
Rationale
CDP data users aim to understand the degree to which companies encourage their employees to address climate-related issues and impacts of the business, as well as the mechanisms by which companies are incentivizing certain behaviors and performances.
Connection to other frameworks
SDG
Goal 12: Responsible consumption and production
Response options
Please complete the following table:
Provide incentives for the management of climate-related issues
|
Comment
|
Select from:
- Yes
- No, not currently but we plan to introduce them in the next two years
- No, and we do not plan to introduce them in the next two years
|
Text field (maximum 1,000 characters)
|
Requested content
General
- Note that incentives can be positive (i.e. give people something) or negative (prevent access to something).
C2 Risks and opportunities
Module Overview
Evaluating exposure to climate-related risks and opportunities over a range of time horizons allows for a strategy for the transition to a low-carbon economy recognized in the Paris Agreement and UN SDGs. This module focuses on processes for identifying, assessing, and responding to climate-related issues as well as on the climate-related risks and opportunities identified by your organization. This information helps investors to assess the potential impacts to valuations and the adequacy of the company’s risk response.
Many of the challenges you face when reporting on climate-related issues are common to other aspects of corporate reporting, requiring you to provide statements about your prospective condition. Some organizations, particularly accounting firms and their governing bodies, have published guidance about how to prepare statements that contain forward-looking information.
You may wish to consult with your financial, legal, and/or compliance departments for advice on your company’s general approach to the provision of forward-looking statements and information concerning risks.
Note that the questions relate to “inherent” risk and not the “residual” risk that remains after management measures have been taken into account.
Note for financial services sector companies:
The TCFD recommendations highlight the importance of the financial sector considering the impacts of climate-related issues in the context of their financing activities. When evaluating exposure to climate-related risks and opportunities, financial services sector companies should primarily consider the impact on their lending, financial intermediary, investing and/or insurance underwriting activities, in addition to operational activities.
Key changes
This module has been restructured to improve the flow of questions, reduce repetitions, and to better align with CDP’s forests and water security questionnaires. As a result of this, the question numbering has changed.
- Two new questions: C2.1 and C2.1b. The request to provide a definition of a substantive financial or strategic impact has been broken out from 2019 C2.2b into C2.1b.
- Four 2019 questions merged: C2.2, C2.2a, C2.2b and C2.2d have been merged into C2.2.
- Two 2019 questions moved: C2.5 and C2.6 that requested information on impacts of climate-related issues on strategy and financial planning have been integrated into Module C3 Strategy.
- Click here for a list of all changes made this year.
Financial services sector:
- Five new questions: C-FS2.2b, C-FS2.2c, C-FS2.2d, C-FS2.2e, C-FS2.2f.
- Modified question: C2.3a – new column.
- New response options: C2.3a and C2.4a, columns 4 and 5.
Sector specific content
Additional questions for financial services sector companies.
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C2 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Management processes
(C2.1) Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities?
Change from 2019
New question
Rationale
For many companies, climate change poses significant financial challenges and opportunities, now and in the future. CDP asks about a process for identifying, assessing, and responding to climate-related risks and opportunities so that data users may gauge the thoroughness of your company's understanding of its exposure to climate-related issues.
Connection to other frameworks
TCFD
Risk Management recommended disclosure a) Describe the organization’s processes for identifying and assessing climate-related risks.
Risk Management recommended disclosure b) Describe the organization’s processes for managing climate-related risks
Risk Management recommended disclosure c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.
Response options
Select one of the following options:
Requested content
General
- Select "Yes" if you have any process in place for identifying, assessing, and responding to climate-related risks and opportunities, regardless of how thorough it is. You will be able to provide further details in the subsequent questions.
- Only select "No" if you do not have any form of process for identifying, assessing, and responding to climate-related issues.
Explanation of terms
- Climate-related risk, in line with the TCFD, refers to the potential negative impacts of climate change on an organization. Physical risks emanating from climate change can be event-driven (acute) such as increased severity of extreme weather events (e.g., cyclones, droughts, floods, and fires). They can also relate to longer-term shifts (chronic) in precipitation, temperature and increased variability in weather patterns (e.g., sea level rise). Climate-related risks can also be associated with the transition to a lower-carbon global economy, the most common of which relate to policy and legal actions, technology changes, market responses, and reputational considerations.
- Climate-related opportunity, in line with the TCFD, refers to the potential positive impacts on an organization resulting from efforts to mitigate and adapt to climate change, such as through resource efficiency and cost savings, the adoption and utilization of low-emission energy sources, the development of new products and services, and building resilience along the supply chain. Climate-related opportunities will vary depending on the region, market, and industry in which an organization operates.
- Risk management: Risk management involves identifying, assessing and responding to risk to make sure organizations achieve their objectives. It must be proportionate to the complexity and type of organization involved (based on Institute of Risk Management, 2016).
(C2.2g) Why does your organization not have a process in place for identifying, assessing, and responding to climate-related risks and opportunities, and do you plan to introduce such a process in the future?
Question dependencies
This question only appears if you select “No” in response to C2.1.
Change from 2019
Minor change (2019 C2.2e)
Rationale
A thorough risk and opportunity assessment is integral to addressing climate-related issues. Therefore data users want to understand why your company does not carry out such assessments, as well as any plans to do so in the future. Without a process for managing risks and opportunities, companies may be unable to determine the best ways to prepare for future uncertainties and liabilities, or to capitalize on available opportunities.
Response options
Please complete the following table:
Primary reason | Please explain |
Select from: - We are planning to introduce a climate-related risk management process in the next two years
- Important but not an immediate business priority
- Judged to be unimportant, explanation provided
- Lack of internal resources
- Insufficient data on operations
- No instruction from management
- Other, please specify
| Text field [maximum 1,500 characters] |
Requested content
Primary reason (column 1)
- Select the primary reason why your company does not have a process in place to identify, assess, and respond to climate-related issues.
- Select only one option from the drop-down menu. If multiple options reasonably apply to your company, explain any additional reasons in column 2.
- If you select “Other, please specify”, provide a label for the primary reason.
Please explain (column 2)
- Ensure your explanation is company-specific and provides additional details as to why you do not have a process in place, including any specific plans to create a process and the anticipated timeline for its creation. For instance, you may include details on how you are exploring creating a process, using concrete examples from your company’s experience.
- Please also include details of how climate-related risks are addressed as they do arise (such as environmental legislation, weather-related events, or reputational risks related to climate change). Include company-specific examples in your description.
Risk disclosure
(C2.3) Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business?
Change from 2019
No change
Rationale
Investors and data users are interested in learning whether your organization has knowledge at the corporate level of any substantive climate-related risks, across any part of your value chain.
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.
SDG
Goal 13: Climate action
Response options
Select one of the following options:
Requested content
General
- Please indicate if you have identified any inherent climate-related risks.
- For the purposes of this response, the risks reported should only be those which:
- May pose substantive financial or strategic impacts, in line with your definition of substantive impact provided in C2.1b; and
- Are inherent (risks that exist in the absence of controls, i.e. not taking into account any potential mitigation or management measures that have been or could be implemented).
Note for financial services sector companies:
- For the purposes of this response, the risks reported should be inherent and have the potential for substantive impacts on your investing, financing, underwriting and/or operational activities. Further details can be provided in subsequent questions.
(C2.3a) Provide details of risks 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 C2.3.
Change from 2019
Modified question
Rationale
Your response to this question will allow data users to see, in one place, details of the risks posed to your organization by climate-related issues, and also the estimated potential financial impact of these risks at the corporate level and your response strategy to manage these risks.
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 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 risk driver occur?
|
Risk type
|
Primary climate-related risk driver
|
Primary potential financial impact
|
[Financial services only]
Climate risk type mapped to traditional financial services industry risk classification
|
Company- specific description
|
Time horizon
|
Select from:
|
Select from:
- Direct operations
- Upstream
- Downstream
|
Select from:
- Current regulation
- Emerging regulation
- Legal
- Technology
- Market
- Reputation
- Acute physical
- Chronic physical
|
See drop-down options below
|
See drop-down options below
|
Select from:
- Capital adequacy and risk-weighted assets
- Liquidity risk
- Funding risk
- Market risk
- Credit risk
- Reputational risk
- Policy and legal risk
- Systemic risk
- Operational risk
- Strategic risk
- Other non-financial risk
- None
|
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]
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Numerical field [enter a number from 0 to 999,999,999,999,999 using up to 2 decimal places]
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Numerical field [enter a number from 0 to 999,999,999,999,999 using up to 2 decimal places]
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Explanation of financial impact figure
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Cost of response to risk
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Description of response and explanation of cost calculation
|
Comment
|
Text field [maximum 2,500 characters]
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Numerical field [enter a number from 0-999,999,999,999,999 using a maximum of 2 decimal places]
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Text field [maximum 2,500 characters]
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Text field [maximum 2.500 characters]
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[Add Row]
Primary climate-related risk driver drop-down options (column 4)
Select one of the following options:
Current regulation
- Carbon pricing mechanisms
- Enhanced emissions-reporting obligations
- Mandates on and regulation of existing products and services
- Regulation and supervision of climate-related risk in the financial sector [Financial services only]
- Other, please specify
Emerging regulation
- Carbon pricing mechanisms
- Enhanced emissions-reporting obligations
- Mandates on and regulation of existing products and services
- Regulation and supervision of climate-related risk in the financial sector [Financial services only]
- Other, please specify
Legal
- Exposure to litigation
- Regulation and supervision of climate-related risk in the financial sector [Financial services only]
- Lending that could create or contribute to systemic risk for the economy [Financial services only]
- Investing that could create or contribute to systemic risk for the economy [Financial services only]
- Insurance underwriting that could create or contribute to systemic risk for the economy [Financial services only]
- Other, please specify
Technology
- Substitution of existing products and services with lower emissions options
- Unsuccessful investment in new technologies
- Transitioning to lower emissions technology
- Other, please specify
|
Market
- Changing customer behavior
- Uncertainty in market signals
- Increased cost of raw materials
- Inability to attract co-financiers and/or investors due to uncertain risks related to the climate [Financial services only]
- Loss of clients due to a fund’s poor environmental performance outcomes (e.g. if a fund has suffered climate-related write-downs) [Financial services only]
- Contraction of insurance markets, leaving clients exposed and changing the risk parameters of the credit [Financial services only]
- Rise in risk-based pricing of insurance policies (beyond demand elasticity) [Financial services only]
- Other, please specify
Reputation
- Shifts in consumer preferences
- Stigmatization of sector
- Increased stakeholder concern or negative stakeholder feedback
- Lending that could create or contribute to systemic risk for the economy [Financial services only]
- Investing that could create or contribute to systemic risk for the economy [Financial services only]
- Insurance underwriting that could create or contribute to systemic risk for the economy [Financial services only]
- Negative press coverage related to support of projects or activities with negative impacts on the climate (e.g. GHG emissions, deforestation, water stress) [Financial services only]
- Other, please specify
Acute physical
- Increased severity and frequency of extreme weather events such as cyclones and floods
- Increased likelihood and severity of wildfires
- Other, please specify
Chronic physical
- Changes in precipitation patterns and extreme variability in weather patterns
- Rising mean temperatures
- Rising sea levels
- Deforestation [Financial services only]
- Water stress [Financial services only]
- Other, please specify
|
Primary potential financial impact drop-down options (column 5)
Select one of the following options:
- Increased direct costs
- Increased indirect (operating) costs
- Increased capital expenditures
- Increased credit risk
- Increased insurance claims liability
- Decreased revenues due to reduced demand for products and services
- Decreased revenues due to reduced production capacity
- Decreased access to capital
- Decreased asset value or asset useful life leading to write-offs, asset impairment or early retirement of existing assets
- Reduced profitability of investment portfolios [Financial services only]
- Devaluation of collateral and potential for stranded, illiquid assets [Financial services only]
- Other, please specify
Requested content
General
- For the purposes of this response, the risks reported should only be those which may pose inherently substantive impacts in your business operations, revenue, or expenditure, regardless of whether or not the company has taken action to mitigate the risk(s).
Identifier (column 1)
- Select a unique identifier from the drop down menu provided to identify the risk in subsequent questions, if required, and to track the status of the risk in subsequent reporting years. Please select from Risk1-Risk100 and use the same identifier in subsequent years for the same risk. For any new risks you are adding, always use a new identifier that you have not used previously.
Where in the value chain does the risk driver occur? (column 2)
- Upstream value chain refers to activities, products and services that are inputs to the activities of your business, sourced from third parties. This may include the regulations and policies applied by governments; the products and services provided by your suppliers (i.e. the supply chain).
- Downstream value chain refers to the third parties benefiting from the outputs, products and services of your business activities. This may be your customers and clients, or the organizations and projects your business invests in.
Note for financial services sector companies:
- Value chain: Upstream and downstream risks should reflect the risks in your customer and/or investment value chain, in addition to your operations. The downstream risks of your value chain relate to the risks for your clients/investee companies, while upstream risks include other transition risks that provide value to your products, services and/or investments e.g. policy and legal, market or technology.
Risk type (column 3)
- See explanation of terms for definitions of risk types.
- Note that a selection must be made for both column 3 and column 4. Your data will not be saved if either column is left blank.
Primary climate-related risk driver (column 4)
- Risk driver describes the source of the risk and will depend on the risk type chosen in column 3. Select an option that best describes the primary risk driver of the identified risk from the drop-down menu.
- Note that a selection must be made for both column 3 and column 4. Your data will not be saved if either column is left blank.
Primary potential financial impact (column 5)
- This column refers to the potential financial impact that the risk could have on your organization. The financial impacts of climate-related issues on organizations are not always clear or direct, and for many organizations there might be more than one financial impact associated with a climate-related risk. Select the option from the drop-down menu that you evaluate as having the biggest impact. You can provide additional details on other financial impacts in the column Explanation of financial impact figure (column 14).
Climate risk type mapped to traditional financial services industry risk classification [Financial services only]
- In this column consider how climate-related risks fit into your already existing organizational framework. Consider where in your traditional industry risk framework you classify the potential financial impact of the climate risk. As per the TCFD supplemental guidance to financial institutions, “Banks should consider characterizing their climate-related risks in the context of traditional banking industry risk categories such as credit risk, market risk, liquidity risk, and operational risk.” If an identified risk maps to multiple risk categories, choose the primary risk category.
Company-specific description (column 6)
- Provide further contextual information on the risk driver, including more detail on the exact nature, location and/or regulation of the effect concerned, as well as any notable geographic/regional examples.
- Be sure to include company-specific detail, such as references to activities, programs, products, services, methodologies, or operating locations specific to your company’s business or operations.
Likelihood (column 8)
- The likelihood of the impact occurring along with the magnitude of the impact are the building blocks of a risk/opportunity matrix – a common method of identifying and prioritizing risk and opportunities.
- The likelihood refers to the probability of the impact to your business occurring within the time horizon provided, which in the case of an inherent risk might be similar to the probability of the climate event itself.
- For example, if the risk relates to a piece of new legislation which has already been prepared in draft form, the likelihood of the impact associated with that risk occurring will be relatively high.
Magnitude of impact (column 9)
- The magnitude describes the extent to which the impact, if it occurred, would affect your business. You should consider the business as a whole and therefore the magnitude can reflect both the damage that may be caused and the exposure to that potential damage.
- For example, two companies may have identical facilities located on a coast in an area which is vulnerable to sea level rise. However, if company A relies on that facility for 90% of its production capacity and company B relies on it for only 40% of its production capacity, the magnitude of a sea level rise impact on company A will be comparatively higher than that on company B.
- It is not possible for CDP to accurately define terms for magnitude as they will vary from company to company. For example, a 1% reduction in profits will have different effects on different companies depending on the profit margins on which they work. Therefore, companies are asked to determine magnitude on a qualitative scale. Factors to consider include:
- The proportion of business units affected;
- The size of the impact on those business units; and
- The potential for shareholder or customer concern.
Are you able to provide a potential financial impact figure? (column 10)
- Your selection will determine whether columns 11,12, and 13 will be presented.
- It is acknowledged that these figures will be estimates.
- If you are unable to provide a figure for a financial impact, you may use column 14 "Explanation of financial impact" to provide a description of the impact in relative terms; for example, as a percentage relative to a stated or publicly available figure, or give a qualitative estimate of the financial impact.
Potential financial impact figure (currency) (column 11)
- Provide a single figure for the inherent financial impact of the risks (before taking into consideration any controls you may have in place to mitigate the impacts). This figure should be in the same currency that you selected in question C0.4 for all financial information disclosed throughout your response.
- An example would be the cost of destruction of facilities from extreme weather (before taking into consideration how much insurance coverage you have).
Potential financial impact figure - minimum/maximum (currency) (columns 12, 13)
- Provide the estimated range for the inherent financial impact (before taking into consideration any controls you may have in place to mitigate the impacts). This figure should be in the same currency that you selected in question C0.4 for all financial information disclosed throughout your response.
- Potential financial impact figure – minimum (currency): Use this field to report the lower point of your estimated financial impact associated with the risk. For example, if the range is from US $5,000 to $50,000, ‘5,000’ should be reported here.
- Potential financial impact figure – maximum (currency): Use this field to report the upper point of your estimated financial impact associated with the risk. For example, if the range is from US $5,000 to $50,000, ‘50,000’ should be reported here.
Explanation of financial impact figure (column 14)
- Use this open text field to explain the figure provided in the “Potential financial impact” (columns 10, 11, 12);
- Describe how you arrived at this figure (or range), including:
- What approach was employed to calculate the figure;
- The figures used in your calculation;
- Any assumption the figure is dependent on.
- If "We do not have this figure" was selected in column 10, use this column to provide a description of the financial impact in relative terms (for example as a percentage relative to a stated or publicly available figure) or give a qualitative estimate of the financial impact. Otherwise, if you have no information about the financial impact, please state “The impact has not been quantified financially”.
- You can also describe here other financial impacts of the selected climate-related risk (other than the main impact identified in column 5), and provide more details on the nature of the impact in case you selected “Other, please specify” in column 5.
Cost of response to risk (column 15)
- Provide a quantitative figure for the cost of your risk response actions. If there are no costs to responding to the risk, enter 0.
- If you cannot provide absolute values, you may provide a percentage value in the “Comment” column (column 17).
- This figure should be in the same currency that you selected in question C0.4 for all financial information disclosed throughout your response.
Description of response and explanation of cost calculation (column 16)
- Provide details of your organization’s response to mitigate, control, transfer or accept the risk.
- Include an example of company-specific risk responses actions (activities, projects, products and/or services).
- Provide an explanation of how the figure for the cost of managing the risk (in column 15) was calculated, including the figures used in your calculation.
Comment (column 17) (optional)
- You can use this text field to enter any additional relevant information.
Note for oil and gas sector companies:
- In answering the questions above, please consider the impact of national and international emissions targets and how those could affect demand for oil and gas products. Will they lead to your company having a less carbon-intensive fuel mix? Will fuel efficiency standards affect the demand for fuel? Are there other instances where demand is likely to reduce due to regulation?
- Is your company affected by other types of regulation such as restrictions on flaring, or by requirements for a certain level of climate-related performance in order to receive permission to operate and/or as a condition of accessing new oil & gas resources? (e.g. a requirement for carbon sequestration).
- Companies are encouraged to include these drivers in the response to this question and explain how their portfolio of reserves is evolving in response to these drivers (in the Comment column).
Note for electric utility sector companies:
- Electric utilities are asked to consider, among other issues:
- How national and international targets on demand management might affect demand for electricity;
- The impacts of related policies such as building regulations specifying more energy-efficient buildings;
- Policies to increase renewable electricity supply or to support developments that may result in GHG emissions reductions, e.g. CO2 capture and storage, clean coal technologies and energy storage;
- The impacts of any emissions trading schemes and any emissions reduction targets you have set or with which you have to comply, including the analysis of possible scenarios and their effect on the company;
- The effects on wholesale and retail power prices of carbon prices in the different markets in which you operate and the extent to which carbon prices are passed through, or may in the future be passed through, into electricity prices in the markets, based on current and anticipated regulatory requirements.
Note for auto and auto component manufacturing companies:
- Please consider the financial and strategic implications of current and planned national, regional, and international policies for increasing automobile fuel efficiency and developing “clean” engines for each of the markets in which you operate. You should also consider how other related environmental policies, such as regulations and standards regarding air quality, use of alternative fuels, and sustainable mobility could further impact your business.
- Specifically, you should take into account how climate change policy could impact you in terms of sales, the financial cost of any loss or potential loss of market share, additional costs of complying with regulation and, if applicable, how you have or will pass increased costs down the value chain.
Note for agricultural sector companies:
- Agricultural companies should report on risks that may affect the revenue associated with the agricultural/forestry, processing/manufacturing and/or distribution. These risk are often driven by:
- Physical factors, e.g. extreme weather events that disrupt production/supply of raw materials.
- Changes in regulation pertaining to agricultural, processing, manufacturing, distribution and/or consumption activities.
- Changes in consumer demands and new market trends
Note for companies with coal reserves:
Note for financial services sector companies:
- For the purposes of this response, the risks reported should be inherent and have the potential for substantive impacts on your investing, financing, underwriting and/or operational activities, regardless of whether any action has been taken to respond to the risk(s).
- Consider providing a description of risks by sector and/or geography, as appropriate. This can be provided in the "Company-specific description" (column 6).
- Both physical and transition risks in your investing, financing, underwriting, and/or operational activities should be considered, including the risk of stranded assets. These are assets that are no longer economically viable as a result of climate-related transition or physical risks.
- Banks:
- Banks should describe significant concentrations of credit exposure to carbon-related assets.
- Additionally, banks should consider disclosing their climate-related risks (transition and physical) in their lending and other financial intermediary business activities.
- Insurance companies should consider climate-related risks on re-/insurance portfolios by geography, business division, or product segments, including the following risks:
- Physical risks from changing frequencies and intensities of weather-related perils;
- Transition risks resulting from a reduction in insurable interest due to a decline in value, changing energy costs, or implementation of carbon regulation; and
- Liability risks that could intensify due to a possible increase in litigation. For example, the risk of an increase in claims for defense costs in relation to directors and officers (D&O) liability.
- Additionally, as an asset owner, please also describe the climate-related risks relevant to your investment portfolio.
- Asset managers should consider climate-related risks for each product or investment strategy.
Note for real estate companies:
- Since real estate is a location-bound and a long-term investment, it is highly exposed to climate-related risks. Commercial real
estate companies should consider stranding risks - the devaluation or
non-performance of assets, thus making them ‘stranded’.
- Stranded assets may be subject to write-downs due to:
- Demand shifts towards sustainable properties, putting pressure on ‘non-green’ assets;
- Higher exposure to acute physical risks (storms, flooding, wildfires, etc.);
Notes for capital goods sector companies:
- All the end markets supplied to by the capital goods sector face increasing regulation and decarbonization targets; from building standards to mandated technologies for power generation. Companies in this sector are therefore indirectly exposed to risks in their value chain, and should consider, among other issues, risks associated with:
- Carbon pricing regulation and stricter emissions constraints on products and services;
- Shifts in end-market demand away from fossil fuel dependent technologies.
Explanation of terms
- Climate-related risks: TCFD divides climate-related risks into two major categories: risks related to the transition to a lower-carbon economy and risks related to the physical impacts of climate change.
- Transition risks
- Current and emerging regulation – policy developments that attempt to constrain actions that contribute to the adverse effects of climate change or policy developments that seek to promote adaptation to climate change;
- Technology – all risks associated with technological improvements or innovations that support the transition to a lower-carbon, energy-efficient economic system;
- Legal – all climate-related litigation claims;
- Market – all shifts in supply and demand for certain commodities, products, and services;
- Reputation – all risks tied to changing customer or community perceptions of an organization’s contribution to or detraction from the transition to a lower-carbon economy.
- Acute – risks that are event-driven, including increased severity of extreme weather events, such as cyclones, hurricanes, or floods;
- Chronic – longer-term shifts in climate patterns (e.g., sustained higher temperatures) that may cause sea level rise or chronic heat waves.
- Likelihood: The terms used to describe likelihood are taken from the Intergovernmental Panel on Climate Change’s (IPCC) 2013 reports. They are associated with probabilities, indicating the percentage likelihood of the event occurring. It is not necessary for respondents to have calculated probabilities for the risks they are considering, however they can give an indication as to the meaning of the terms:
- Virtually certain: 99–100% probability
- Very likely: 90–100%;
- Likely: 66–100%;
- More likely than not: 50–100%;
- About as likely as not: 33–66%;
- Unlikely: 0–33%;
- Very unlikely: 0-10%;
- Exceptionally unlikely: 0–1%.
- Direct costs: Also known as “costs of goods or services sold”. These expenses can be attributed to the manufacture of a particular product or the provision of a particular service.
- Indirect (operating) costs: Refers to the essential expenses incurred in order to maintain the business including wages, rent, transport, energy (electricity, fuel, etc.), maintenance, and so on. These expenses cannot be attributed to the manufacture of a particular product or the provision of a particular service - they are standard costs that apply regardless of the volume of goods produced.
- Capital expenditure: A measure of the value of purchases of fixed assets such as property, buildings, an industrial plant, technology, or equipment. Put differently, CapEx is any type of expense that a company capitalizes, or shows on its balance sheet as an investment, rather than on its income statement as an expenditure.
- Revenue: Income arising in the course of an entity’s ordinary activities (less returns, allowances and discounts) - before deducting costs for the goods/services sold and operating expenses to arrive at profit (based on the International Financial Reporting Standard)
- Access to capital: Cash flows from sources other than an organization’s sales and other revenues. It includes cash infusions from investors or securing lines of credit with banks and other lenders.
(C2.3b) Why do you not consider your organization to be exposed to climate-related risks with the potential to have a substantive financial or strategic impact on your business?
Question dependencies
This question only appears if you select “No” in response to C2.3.
Change from 2019
No change
Rationale
A risk assessment may identify no substantive climate-related risks. This conclusion is important to disclose and explain. Knowing why your organization has concluded that it is not exposed to risks is crucial for data users to understand your business.
Response options
Please complete the following table:
Primary reason
|
Please explain
|
Select from:
- Risks exist, but none with potential to have a substantive financial or strategic impact on business
- Evaluation in process
- Not yet evaluated
- Other, please specify
|
Text field [maximum 2,500 characters]
|
Requested content
Primary reason (column 1)
- Select the reason that best describes why you consider your organization to not be exposed to climate-related risks with the potential to have a substantive financial or strategic impact on your business, given your definition of substantive as reported in C2.1b.
Please explain (column 2)
- Your explanation should include company-specific details such as your evaluation process or specific reasons why you have not yet conducted a risk assessment or why there are no climate-related risks to your organization.
Opportunity disclosure
(C2.4) Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business?
Change from 2019
No change
Rationale
Investors and data users wish to know whether your organization has identified at the corporate level any substantive climate-related opportunities, presented across any part of your value chain.
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.
SDG
Goal 13: Climate action
Response options
Select one of the following options:
- Yes
- Yes, we have identified opportunities but are unable to realize them
- No
Requested content
General
- Regulation on climate change as well as physical changes related to climate may present opportunities for your organization in a variety of ways, for example through the adoption of low-emission energy sources, the development of new products and services and access to new markets. Further details of such opportunities are provided in the guidance for question C2.4a.
- Please note that opportunities can be:
- Currently being experienced or expected to arise in the future
- Being managed or newly identified
- Well understood or with high levels of uncertainty with regard to the likelihood of the opportunity materializing and the extent to which it will impact the business
Note for financial services sector companies:
- For the purposes of this response, the opportunities reported should be inherent and have the potential for substantive impacts on your investing, financing, underwriting and/or operational activities. Further details can be provided in subsequent questions.
(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 2019
Modified question
Rationale
Your response to this question will allow CDP data users to see, in one place, details of the opportunities posed to your organization by climate-related issues, and also the estimated potential scale of these opportunities at the corporate level and your response strategy to take advantage of these opportunities.
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:
|
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]
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Explanation of financial impact figure
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Cost to realize opportunity
|
Strategy to realize opportunity and explanation of cost calculation
|
Comment
|
Text field [maximum 2,500 characters]
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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]
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Text field [maximum 2,500 characters]
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[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
Requested content
General
- For the purposes of this response, the opportunities identified should only be those which may pose substantive impacts in your business operations, revenue, or expenditure.
Identifier (column 1)
- Select a unique identifier from the drop down menu provided to identify the opportunity in subsequent questions, if required, and to track the status of the opportunity in subsequent reporting years. Please select from Opp1-Opp100 and use the same identifier in subsequent years for the same opportunity. For any new opportunities you are adding, always use a new identifier that you have not used previously.
Where in the value chain does the opportunity occur? (column 2)
- Upstream value chain refers to activities, products and services that are inputs to the activities of your business, sourced from third parties. This may include the regulations and policies applied by governments; the products and services provided by your suppliers (i.e. the supply chain).
- Downstream value chain refers to the third parties benefiting from the outputs, products and services of your business activities. This may be your customers and clients, or the organizations and projects your business invests in.
Opportunity type (column 3)
- Select an option from the drop-down menu that best describes the type of the identified opportunity:
- Resource efficiency – opportunities related to improving resource efficiency across production and distribution processes, buildings, machinery/appliances, and transport/mobility.
- Energy source - opportunities related to shifting energy usage toward low emission energy sources.
- Products and services - opportunities related to innovation and development of new low-emission and climate adaptation products and services.
- Markets – opportunities in new markets or types of assets that may help organizations to diversify their activities and better position themselves for the transition to a lower-carbon economy.
- Resilience – opportunities related to the development of adaptive capacity to respond to climate change. They may be especially relevant for organizations with long-lived fixed assets or extensive supply or distribution networks; those that depend critically on utility and infrastructure networks or natural resources in their value chain; and those that may require longer-term financing and investment.
Primary climate-related opportunity driver (column 4)
- Opportunity driver describes the source of the opportunity and will depend on the opportunity type selected in column 3. Select an option from the drop-down menu that best describes the identified opportunity. If you select “Other”, please provide further details in column Company-specific description (6).
Primary potential financial impact (column 5)
- This column refers to the potential financial impact that the opportunity could have on your organization. The financial impacts of climate-related opportunities on organizations are not always clear or direct, and for many organizations there might be more than one financial impact associated with a climate-related opportunity;
- Select the option that you deem to have the biggest impact. You can provide additional details on other financial impacts in the column Explanation of financial impact figure (column 14);
Company-specific description (column 6)
- Provide further context on the opportunity driver, including more detail on the exact nature, location, and/or regulation of the effect concerned, as well as any notable geographic/regional examples.
- Be sure to include company-specific detail, such as references to activities, programs, products, services, methodologies, or operating locations specific to your company’s business or operations.
Likelihood of impact (column 8)
- The likelihood of the impact occurring, along with the magnitude (see below) are the building blocks of a risk/opportunity matrix – a common method of identifying and prioritizing risk and opportunities.
- The likelihood refers to the probability of the impact to your business occurring within the time horizon provided, which in the case of an inherent opportunity might be similar to the probability of the climate event itself.
- For example, if the opportunity relates to a piece of new legislation which has already been prepared in draft form, the likelihood of the impact associated with that opportunity occurring will be relatively high.
Magnitude of impact (column 9)
- The magnitude describes the extent to which the impact, if it occurred, would affect your business. This should consider the business as a whole and therefore the magnitude can reflect both the opportunity and the extent to which it applies throughout the organization.
- It is not possible to accurately define terms for magnitude as they will vary from company to company. Therefore, companies are asked to determine magnitude on a qualitative scale. Factors to consider include:
- The proportion of business units affected;
- The size of the impact on those business units; and
- The potential for shareholder or customer response.
Are you able to provide a potential financial impact figure? (column 10)
- Your selection will determine whether column 11 or columns 12 and 13 will be presented.
- It is acknowledged that these will be estimates and, where possible, assumptions made in arriving at a financial impact figure should be stated in the column 14 ("Explanation of financial impact").
- If you are unable to provide a figure for a financial impact, you may use column 14 to provide a description of the impact in relative terms; for example, as a percentage relative to a stated or publicly available figure, or give a qualitative estimate of the financial impact
Potential financial impact figure (currency) (column 11)
- Provide a single figure for the financial impact of the opportunity. This figure should be in the same currency that you selected in question C0.4 for all financial information disclosed throughout your response.
Potential financial impact figure (currency) (columns 12, 13)
- Provide the estimated range for the financial impact of the opportunity. This figure should be in the same currency that you selected in question C0.4 for all financial information disclosed throughout your response.
- Potential financial impact figure – minimum (currency): use this field to report the lower point of your estimated financial impact associated with the opportunity. For example, if the range is from US $5,000 to $50,000, "5,000" should be reported here.
- Potential financial impact figure – maximum (currency): use this field to report the upper point of your estimated financial impact associated with the opportunity. For example, if the range is from US $5,000 to $50,000, "50,000" should be reported here.
Explanation of financial impact figure (column 14)
- Use this open text field to explain the figure provided in the “Potential financial impact” (columns 10, 11, 12).
- Describe how you arrived at this figure (or range), including:
- What approach was employed to calculate the figure;
- The figures used in your calculations;
- Any assumptions the figure is dependent on.
- If ‘We do not have this figure’ was selected in column 10, use this column to provide a description of the financial impact in relative terms (for example as a percentage relative to a stated or publicly available figure) or give a qualitative estimate of the financial impact. Otherwise, if you have no information about the financial impact, please state “The impact has not been quantified financially”.
- You can also describe here other financial impacts of the selected climate-related opportunity (other than the main impact identified in column 5), and provide more details on the nature of the impact in case you selected “Other, please specify” in column 5.
Cost to realize opportunity (column 15)
- Provide numerical data on the cost to realize opportunity. If there are no costs to this, enter 0.
- If you cannot provide absolute values you may provide a value in the “Comment” column (column 17).
Strategy to realize opportunity and explanation of cost calculation (column 16)
- Use this text field to provide information on methods you are using or plan to use to exploit the opportunity and maximize its potential realization. Make sure to include an example of company specific activities, projects, products and/or services which are aiming to realize the opportunity. Make sure to include:
- An example of company-specific activities, projects, products and/or services which are aiming to realize the opportunity; and
- An explanation of how the figure for the cost to realize opportunity (in column 15) was calculated, including the figures used in your calculation.
Comment (column 17) (optional)
- You can use this text field to enter any additional relevant information.
Note for electric utility sector companies:
- In answering the questions above, please consider:
- Opportunities that may arise from emissions trading;
- The opportunities that national or international targets on energy efficiency and demand management might present for your company e.g. revenue implications from energy services business units;
- Your company’s views on any opportunities that may result from policies on renewable energy or low emissions technologies e.g. current or planned investments in these areas; and
- The extent to which you receive financial incentives to reduce the electricity use of customers.
Note for agricultural sector companies:
- Agricultural companies should report on opportunities that the revenue associated with the agricultural/forestry, processing/manufacturing and/or distribution of raw materials and goods. For example, opportunities might arise from:
- Increased efficient by reducing energy use during the production of raw materials and/or the manufacture of food, beverage and other goods;
- Reduced costs due to carbon payments by adopting practices or technology to reduce carbon footprint;
- Government of private financial incentives for adoption low impact agriculture/forestry.
Note for financial services sector companies:
- Consider opportunities associated with products and services such as green bonds, green infrastructure, green loans/mortgages, green insurance products, products and services ensuring resiliency, specialty climate-related risk advisory services and others.
- You should consider providing a description of your opportunities by sector and/or geography, as appropriate.
Note for capital goods sector companies:
- In line with the TCFD’s recommendations, companies in this sector should consider opportunities for products or services that improve efficiency, reduce energy use and support closed-loop product solutions.
Explanation of terms
- Likelihood: The terms used to describe likelihood are taken from the Intergovernmental Panel on Climate Change’s (IPCC) 2013 reports. They are associated with probabilities, indicating the percentage likelihood of the event occurring. It is not necessary for respondents to have calculated probabilities for the risks they are considering, however they can give an indication as to the meaning of the terms:
- Virtually certain: 99–100% probability;
- Very likely: 90–100%;
- Likely: 66–100%;
- More likely than not: >50–100%;
- About as likely as not: 33–66%;
- Unlikely: 0–33%;
- Very unlikely: 0-10%;
- Exceptionally unlikely: 0–1%.
- Direct costs: Also known as “costs of goods or services sold”. These expenses can be attributed to the manufacture of a particular product or the provision of a particular service.
- Indirect (operating) costs: Refers to the essential expenses incurred in order to maintain the business including wages, rent, transport, energy (electricity, fuel, etc.), maintenance, and so on. These expenses cannot be attributed to the manufacture of a particular product or the provision of a particular service - they are standard costs that apply regardless of the volume of goods produced.
- Revenue: Income arising in the course of an entity’s ordinary activities (less returns, allowances and discounts) - before deducting costs for the goods/services sold and operating expenses to arrive at profit (based on the International Financial Reporting Standard)
- Access to capital: Cash flows from sources other than an organization’s sales and other revenues. It includes cash infusions from investors or securing lines of credit with banks and other lenders.
(C2.4b) Why do you not consider your organization to have climate-related opportunities?
Question dependencies
This question only appears if you select “No” or “Yes, we have identified opportunities but are unable to realize them” in response to C2.4.
Change from 2019
No change
Rationale
Investors and other data users are interested to know whether you are aware of climate-related opportunities. An explanation of why your organization has concluded that it is not exposed to opportunities is crucial for understanding your business strategy.
Response options
Please complete the following table:
Primary reason
|
Please explain
|
Select from:
- Opportunities exist, but we are unable to realize them
- Opportunities exist, but none with potential to have a substantive financial or strategic impact on business
- Evaluation in progress
- Judged to be unimportant
- No instruction from management to seek out opportunities
- Not yet evaluated
- Other, please specify
|
Text field [maximum 2,500 characters]
|
Requested content
Primary reason (column 1)
- Select the reason that best describes why you consider your organization to not be exposed to climate-related opportunities with the potential to have a substantive financial or strategic impact on your business.
Please explain (column 2)
- Please explain further why there are no climate-related opportunities for your company or, if they exist, why you are unable to realize them;
- If relevant to your selection in column 1, please:
- Make reference to how you identified opportunities;
- Include how you have defined ‘substantive’ impact in the context of an opportunity, and reference the definition of substantive impact you gave in C2.1b if applicable;
- Describe when you will next repeat an assessment of opportunities;
- Include specific reasons why you have not yet conducted an opportunity assessment/why it is considered unimportant for your business;
- Provide any other company-specific details such as your evaluation process.
C3 Business strategy
Module Overview
CDP data users are interested in organizations’ forward-looking strategies and financial decisions that are driven by climate-related future market opportunities, public policy objectives, and corporate responsibilities. This module allows organizations to disclose whether they have acted upon integrating climate-related issues into their business strategy. The module includes questions on scenario analysis and transition planning which are important evolutions in strategic environmental planning.
Given the importance of forward-looking assessments of climate-related risks and opportunities, scenario analysis is an important and useful tool for an organization to use, both for understanding strategic implications of climate-related risks and opportunities, and for informing stakeholders of how the organization is positioning itself in recognition of these issues. It also can aid investors, lenders, and insurance underwriters in informing their own financial decision making.
Transition planning is also an important evolution of strategic environmental planning, and includes all the relevant changes that need to be made to the company’s business model before the company can adjust to a low-carbon future. This is especially relevant for companies operating in high impact sectors.
Climate-related scenario analysis and transition planning disclosure was piloted by CDP in the Assessing Low-Carbon Transition (ACT) initiative in 2016. Further information on conducting and disclosing scenario analysis can be found in CDP Technical Note on Scenario Analysis.
Responses given in this module should be relevant to the reporting period, even if revisions have been made to your strategy between the reporting period and the time of submission of your CDP response. Where this is the case, you can include more up to date information in C-FI field at the end of the questionnaire. This will not be scored but will be available to the investors and customers (in the case of those responding on behalf of Supply Chain Members) that view your response.
Note for financial services sector companies:
- Financial services sector companies are asked to consider how climate-related risks and opportunities will affect business strategy in relation to their lending, financial intermediary, investment and/or insurance underwriting activities, in addition to operational activities.
Key changes
The module has been restructured to improve the flow of questions and remove repeating data requests.
- Two 2019 questions integrated: C2.5 and C2.6 that requested information on impacts of climate-related risks and opportunities on strategy and financial planning have been integrated into this module:
- Two 2019 questions merged: C2.5 and C3.1c have been merged into one question - C3.1d.
- Modified question: C3.1e is a modification of 2019 question C2.6.
- Two 2019 sector-specific questions removed: C-AC3.1b/C-CE3.1b/C-CH3.1b/C-CO3.1b/C-EU3.1b/C-FB3.1b/C-MM3.1b/C-OG3.1b/C-PF3.1b/C-ST3.1b/C-TO3.1b/C-TS3.1b and C-AC3.1e/C-CE3.1e/C-CH3.1e/C-CO3.1e/C-EU3.1e/C-FB3.1e/C-MM3.1e/C-OG3.1e/C-PF3.1e/C-ST3.1e/C-TO3.1e/C-TS3.1e.
- Click here for a list of all changes made this year.
For the financial services sector only:
- Six new questions: C-FS3.2, C-FS3.2a, C-FS3.2b, C-FS3.2c, C-FS3.3a, C-FS3.3b.
- New response options: C3.1e column 1.
Sector-specific content
Additional questions on low-carbon transition plan for the following high-impact sectors:
- Additional questions for FS sector companies.
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C3 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Business strategy
(C3.1) Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning?
Change from 2019
Modified question
Rationale
Investors and data users are interested in forward-looking strategies and financial decisions that are driven by future market opportunities, public policy objectives, and corporate responsibilities. This and the following questions allow organizations to disclose whether they have acted upon integrating climate-related risks and opportunities into their business strategy. Developing a low-carbon transition plan could provide certainty to investors, and other stakeholders, that a company is aligning to the long-term climate goals and that its business model will continue to be relevant in a net-zero carbon economy.
Response options
Select one of the following options:
- Yes, and we have developed a low-carbon transition plan
- Yes
- No
Requested content
General
- You should answer “Yes, and we have developed a low-carbon transition plan” if you have developed a low-carbon transition plan - a plan on how to transition the company to a business model compatible with a net-zero carbon economy. See “Explanation of Terms” below for more details.
- You should answer “Yes” if climate-related risks and opportunities have already impacted your strategy or financial planning. As such, climate-related issues are part of the "top line growth" strategy of the company, rather than being dealt with solely at the operational level.
- You should answer “No” if climate-related risks and opportunities have had no influence on your company’s overall strategy for developing your business or your financial planning. You will have the opportunity to explain further in C3.1g.
Note for financial services sector companies:
- You should answer “Yes” when one of the following considerations have influenced your strategy and/or financial planning:
- The need to understand how climate-related risks and opportunities will impact your client relationships, financial products and services, investments and/or operations; and/or
- The need to provide financial flows to capitalize on opportunities presented by the transition to a low-carbon, climate-resilient future.
Explanation of terms
- Strategy: In line with the TCFD recommendations, refers to an organization’s desired future state. An organization’s strategy establishes a foundation against which it can monitor and measure its progress in reaching that desired state. Strategy formulation generally involves establishing the purpose and scope of the organization’s activities and the nature of its businesses, taking into account the risks and opportunities it faces and the environment in which it operates.
- Financial planning: In line with the TCFD recommendations, refers to an organization’s consideration of how it will achieve and fund its objectives and strategic goals. Financial planning allows organizations to assess future financial positions and determine how resources can be utilized in pursuit of short- and long-term objectives. As part of financial planning, organizations often create “financial plans” that outline the specific actions, assets, and resources (including capital) necessary to achieve these objectives over a 1- 5 year period. However, financial planning is broader than the development of a financial plan as it includes long-term capital allocation and other considerations that may extend beyond the typical 3-5 year financial plan (e.g., investment, research and development, manufacturing, and markets).
- Low-carbon transition plan: A plan on how to transition the company to a business model compatible with a net-zero carbon economy. The Oxford Martin Net Zero Carbon Investment Initiative proposes a set of principles to facilitate engagement between investors and companies on long-term climate strategies. According to these principles, companies should: (1) Commit to a timeframe to reach net-zero emissions in line with the Paris goals; (2) Demonstrate that they will be able to continue to be profitable once they reach net-zero emissions; and (3) Set quantitative mid-term targets to be able to demonstrate progress against their long-term goals.
The transition plan defines how the business model, its associated products and production methods, growth strategy and capital investments need to develop over time to respond to climate-related risks and to capitalize on opportunities. A transition plan is therefore a plan that outlines how a company will transition from where it is now to where it needs to get to in order to thrive in a net-zero carbon world in the future.
(C3.1g) Why have climate-related risks and opportunities not influenced your strategy and/or financial planning?
Question dependencies
This question only appears if you select “No” in response to C3.1.
Change from 2019
Minor change (2019 C3.1f)
Rationale
As a comprehensive business strategy which incorporates climate-related risks and opportunities is best practice and key to successfully managing these issues, investors are keen to learn why some companies do not integrate climate change and its related effects/components into the overarching business strategy. Understanding why organizations are not in line with best practice will enable investors to evaluate those organizations’ overall approach and potential resilience to climate change.
Response options
This is an open text question with a limit of 5,000 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Requested content
General
- Your answer should be company-specific and include:
- Why climate-related risks and opportunities have not influenced your business strategy and/or financial planning, and;
- Whether you expect them to in the future. For example, climate change may have little effect on your business because of the nature of your goods/services. In that case, please give as complete an explanation as possible.
Note for oil and gas sector companies:
- Discuss, if relevant, your methodology for the integration of regulatory and physical climate change risks into the company strategy, investment decisions and risk management, including the assumptions used.
- Where possible, provide illustrative examples of the assumptions made in specific investment decisions. You should also discuss - again if relevant - the diversification of your portfolio into lower-carbon and non-fossil fuel products (e.g. natural gas, biofuels, renewable energy) and strategy for development of carbon capture and sequestration technology, including technology areas of focus, and distinctive areas of strength your company believes it holds.
- Please give the methodology used for the integration of future carbon prices into your hydrocarbon exploration strategy and investment decisions, with the assumptions used. Where possible, provide illustrative examples of the assumptions made in specific investment decisions.
Note for electric utility sector companies:
- Please discuss any work to incorporate renewable energy, carbon capture & sequestration, cleaner coal technologies and energy storage into their strategy.
Note for transport OEMs sector companies:
- Discuss the impact on your strategy for your products at group level and, where relevant, for specific markets, including any related targets for GHG emissions performance (expressed as gCO2e/unit distance) and include a reference to any regulatory drivers and the baseline against which performance is measured.
- Discuss expansion into hybrid/fully electric vehicles and fuel cell technology, if relevant.
C4 Targets and performance
Module Overview
Questions in this module focus on emissions and low-carbon energy targets, additional climate-related targets, details on emission reduction initiatives and low-carbon products.
Target setting provides direction and structure to environmental strategy. Providing information on quantitative targets and qualitative goals, and progress made against these targets, can demonstrate your organization’s commitment to improving climate-related issues management at a corporate level. This information is relevant to investors’ understanding of how your company is addressing and monitoring progress regarding the risks and opportunities disclosed.
Questions on emission reduction initiatives allow CDP data users to understand the organization’s commitment to reducing emissions beyond business-as-usual scenario.
Questions on low-carbon products provide valuable information to investors who are seeking to increase their investment in companies providing low-carbon and climate resilient goods and services.
Note for agricultural sectors:
The ‘Land management practices’ section includes questions around both adaptation and mitigation mechanisms adopted by companies to address climate change. This information demonstrates that organizations are committed to using practices that help reducing emissions and improve their resilience. Organizations can report up to 20 practices adopted on their land. Those practices that have brought or are expected to bring the largest benefits should be prioritized.
Key changes
- Two new questions: C4.2 and C4.2a:
- C4.2 to lead the separation of low-carbon energy targets from other climate-related targets, and to improve the question flow for reporting methane reduction targets for the oil & gas and coal sectors.
- C4.2a - low-carbon energy consumption and production targets split out from 2019 question C4.2.
- Modified questions: C4.1a, C4.1b, C4.2b – new column “Target coverage”, columns revised for alignment, and an auto-calculation function added for some columns.
- New response options: C4.2b (2019 C4.2) column 5.
- Revised response options: C4.3b column 1.
- Click here for a list of all changes made this year.
For the financial services sector only:
- Modified question: C4.5a - new columns and a new response option in column 4.
Sector-specific content
Additional questions on targets, initiatives, and best available techniques for the following high-impact sectors:
- Agricultural commodities
- Cement
- Coal
- Electric utilities
- Food, beverage & tobacco
- Oil & gas
- Paper and forestry
- Steel
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C4 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Emissions targets
(C4.1) Did you have an emissions target that was active in the reporting year?
Change from 2019
No change
Rationale
Target setting provides direction and structure to environmental strategy. CDP data users want to understand companies' commitments to reducing emissions and whether the organization has a goal towards which they are harmonizing and focusing emissions-related efforts.
Connection to other frameworks
TCFD
Metrics & Targets recommended disclosure c) Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets.
SDG
Goal 7: Affordable and clean energy
Goal 12: Responsible consumption and production
Response options
Select one of the following options:
- Absolute target
- Intensity target
- Both absolute and intensity targets
- No target
Requested content
General
- Targets that are based on a future “business as usual” year are not equivalent to emissions reduction targets and therefore should not be reported here. Acceptable targets must determine emissions reductions through comparison to a set base year in the past, not to a projected “business as usual” emissions figure in the future.
- You have an “active target” if the target ends in or after the reporting year and the target is to reduce absolute emissions or emissions intensity.
- Absolute target: an absolute target describes a reduction in actual emissions in a future year when compared to a base year. The target can relate to your Scope 1, Scope 2 and/or Scope 3 emissions in full or in part.
- Intensity target: an intensity target describes a future reduction in emissions that have been normalized to a business metric when compared to the same normalized business metric emissions in a base year. The target can relate to your Scope 1, Scope 2 and/or Scope 3 emissions in full or in part.
Note for oil and gas sector companies:
- Investors request that companies disclose both company-wide targets and targets at the divisional level.
Note for electric utility sector companies:
- Investors request that companies disclose company-wide targets and, where applicable, at divisional level, and that intensity targets are also expressed as absolute targets where possible.
Note for transport OEMs sector companies:
- In addition to any absolute targets, companies should disclose company-wide CO2 and/or fuel economy targets for products and, where relevant, for specific markets. Targets should be expressed in grams of CO2 per kilometer.
Note for financial services sector companies:
- Consider any absolute or intensity targets related to your lending and investment portfolio (Scope 3 Investments), in addition to targets related to Scope 1, Scope 2 and other Scope 3 emissions.
Note for capital goods sector companies:
- Companies should consider reporting company-wide and/or product-level Scope 3 targets, and in particular, Scope 3 targets relating to the use of sold products.
Additional information
Examples of emissions reduction targets
The following are examples of absolute targets:
- Metric tons CO2e or % reduction from base year
- Metric tons CO2e or % reduction in product use phase relative to base year
- Metric tons CO2e or % reduction in supply chain relative to base year
- Metric tons CO2e or % reduction per year
- Metric tons CO2e or % reduction relative to 5 year rolling average of emissions
- Cap on emissions in metric CO2e
The following are examples of intensity targets:
- Metric tons CO2e or % reduction per unit revenue (also per unit turnover; per unit gross sales) relative to base year
- Metric tons CO2e or % reduction per full-time employee equivalent (also per hours worked; per operating hour; per guest night; per capita; per patient days) relative to base year
- Metric tons CO2e or % reduction per unit of product (e.g. metric ton of paper; metric ton of aluminum) relative to base year
- Metric tons CO2e or % reduction per passenger kilometer (also per km; per nautical mile) relative to base year
- Metric tons CO2e or % reduction per square foot relative to base year
- Cap on emissions relative to an activity (e.g. stabilizing emissions at x metric tons CO2e per metric to of steel produced)
- Metric tons CO2e or % reduction per MWh
- Metric tons CO2e or % reduction in emissions from business flights per employee
(C4.1a) Provide details of your absolute emissions target(s) and progress made against those targets.
Question dependencies
This question only appears if you select “Absolute target” or “Both absolute and intensity targets” in response to C4.1.
Change from 2019
Modified question
Rationale
The question is aimed at encouraging best practice in target setting, such as the use of science-based targets where available.
Connection to other frameworks
TCFD
Metrics & Targets recommended disclosure c) Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets.
SDG
Goal 7: Affordable and clean energy
Goal 12: Responsible consumption and production
Goal 13: Climate action
2018 RobecoSAM Corporate Sustainability Assessment (DJSI)
Climate-related targets
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.
Target reference number
|
Year target was set
|
Target coverage
|
Scope(s) (or Scope 3 category)
|
Base year
|
Covered emissions in base year (metric tons CO2e)
|
Covered emissions in base year as % of total base year emissions in selected Scope(s) (or Scope 3 category)
|
Abs1-Abs100
|
Numerical field [enter a number between 1900- 2020]
|
Select from:
- Company-wide
- Business division
- Business activity
- Site/facility
- Country/region
- Product-level
- Other, please specify
|
Select from drop-down options below
|
Numerical field [enter a number between 1900- 2020]
|
Numerical field [enter a number from 0-999,999,999,999 using a maximum of 2 decimal places and no commas]
|
Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]
|
Target year | Targeted reduction from base year (%) | Covered emissions in target year (metric tons CO2e)
[auto-calculated]
| Covered emissions in reporting year (metric tons CO2e) | % of target achieved [auto-calculated]
|
---|
Numerical field
[enter a whole number between 2000- 2100]
| Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]
| Numerical field [0-999,999,999,999]
| Numerical field [enter a number from 0-999,999,999,999 using a maximum of 2 decimal places and no commas]
| Percentage field [-999 to 999]
|
Target status in reporting year
|
Is this a science-based target?
|
Please explain (including target coverage)
|
Select from:
- New
- Underway
- Achieved
- Expired
- Revised
- Replaced
- Retired
|
Select from drop-down options below
|
Text field [maximum 2,400 characters]
|
[Add Row]
Scope(s) (or Scope 3 category) drop-down options:
Select one of the following options:
- Scope 1
- Scope 2 (location-based)
- Scope 2 (market-based)
- Scope 1+2 (location-based)
- Scope 1+2 (market-based)
- Scope 1+2 (location-based) +3 (upstream)
- Scope 1+2 (location-based) +3 (downstream)
- Scope 1+2 (location-based) +3 (upstream & downstream)
- Scope 1+2 (market-based) +3 (upstream)
- Scope 1+2 (market-based) +3 (downstream)
- Scope 1+2 (market-based) +3 (upstream & downstream)
- Scope 3 (upstream)
- Scope 3 (downstream)
- Scope 3 (upstream & downstream)
- Scope 3: Purchased goods and services
- Scope 3: Capital goods
- Scope 3: Fuel and energy-related activities (not included in Scopes 1 or 2)
- Scope 3: Upstream transportation and distribution
- Scope 3: Waste generated in operations
- Scope 3: Business travel
- Scope 3: Employee commuting
- Scope 3: Upstream leased assets
- Scope 3: Investments
- Scope 3: Downstream transportation and distribution
- Scope 3: Processing of sold products
- Scope 3: Use of sold products
- Scope 3: End-of-life treatment of sold products
- Scope 3: Downstream leased assets
- Scope 3: Franchises
- Other, please specify
Is this a science-based target? drop-down options:
Select one of the following options:
- Yes, this target has been approved as science-based by the Science-Based Targets initiative
- Yes, we consider this a science-based target, but this target has not been approved as science-based by the Science-Based Targets initiative
- No, but we are reporting another target that is science-based
- No, but we anticipate setting one in the next 2 years
- No, and we do not anticipate setting one in the next 2 years
Requested content
General
- Note that CDP is requesting data on gross emissions. Gross means total emissions before any deductions or other adjustments are made to take account of offset credits, avoided emissions from the use of goods and services and/or reductions attributable to the sequestration or transfer of GHGs. If you have a target that will be met in part by offsetting (including carbon neutrality targets), only the proportion of the target that relates to emissions reductions (and not offset purchases) should be considered here. If you are uncertain of the proportion that will be achieved through emissions reductions, make an estimation based on the initiatives that you have in place or planned.
- Targets to reduce emissions in the product use phase or to reduce emissions from the supply chain should be captured as Scope 3 targets.
- The categories of Scope 3 emissions have been taken from the Greenhouse Gas Protocol’s Corporate Value Chain (Scope 3) Accounting and Reporting Standard. Refer to the Standard for additional information on the sources that each category comprises and how to calculate these emissions. If you are specifying a Scope 3 source under “Other, please specify” please make it clear whether it is an upstream or downstream source.
Target reference number (column 1)
- Select a unique target reference from the drop-down menu provided to identify the target in subsequent questions and to track progress against the target in subsequent reporting years.
- If you reported a target to CDP last year and will be reporting progress against the same target this year, ensure you use the same target reference number as last year. For any new targets you are adding, always use a new reference number that you have not used previously.
Year target was set (column 2)
- Enter the year in which your company set the target.
- This must be either before or during the reporting year, but cannot be after the reporting year. It also cannot be after the target year.
- If you have a year-on-year rolling target, enter the year your first set the target. This can be before the base year.
- If you set the target based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
Target coverage (column 3)
- If the target applies to the whole company, select “Company-wide”. Note that “company” refers collectively to all the companies, businesses, organizations, other entities or groups that fall within your definition of the reporting boundary.
- If the target does not apply to the whole company, select the option that best describes the coverage of the target, and provide further details in the “Please explain (including target coverage)” column. E.g. if your target applies only to your European operations, select “Country/region” in this column and specify the country/region in the “Please explain (including target coverage)” column.
Scope(s) (or Scope 3 category) (column 4)
- This refers to the Scope(s) (or Scope 3 category) of emissions to which the target relates. Note that the target does not have to comprise all emissions within a particular Scope.
Base year (column 5)
- The base year is the year against which you are comparing your emissions reduction target
- If you have a year-on-year rolling target, the base year will be the previous reporting year.
- If you have a target based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
- If you have a target based on average emissions over a period of time (e.g. 5-year average), enter the year that applies to the end of the average period and specify this in the “Please explain (including target coverage)” column.
- You cannot have a base year that is in the future.
Covered emissions in base year (metric tons CO2e) (column 6)
- Enter the base year emissions covered by the target in this column.
- E.g. if your target is to reduce Scope 1 emissions arising from your European operations, enter the base year Scope 1 emissions for your European operations only.
- E.g. if your target relates to Scope 2 emissions of a particular business activity (e.g. office-based operations, etc.), enter the base year Scope 2 emissions relating to that business activity only.
Covered emissions in base year as % of total base year emissions in selected Scope(s) (or Scope 3 category) (column 7)
- Enter the covered emissions in base year (reported in the previous column) as a percentage of your total company-wide base year emissions in the Scope(s) (or Scope 3 category) your target relates to.
- If the target encompasses multiple Scopes, the percentage should be based upon the total company-wide emissions in all Scopes identified.
- E.g. if your target is to reduce Scope 1 emissions arising from your European operations, and your European operations accounted for 80% of your total Scope 1 emissions in the base year, then you should enter 80 into this column.
- E.g. If you have selected a Scope 3 category (e.g. Scope 3: Business travel) you should specify the percentage of emissions in that category rather than in Scope 3 as a whole.
- Note that entering a value of 100% indicates that the target covers your company’s total, global gross emissions in the base year for the Scope(s) (or Scope 3 category) selected in column 3.
Target year (column 8)
- If you have a year-on-year rolling target, the target year will be the reporting year.
- If you have a target based on financial years, enter the year that applies to the end of your financial year and specify in the “Please explain (including target coverage)” column.
- If you have a target based on average emissions over a period of time (e.g. 5-year average), enter the year that applies to the end of the average period and specify this in the “Please explain (including target coverage)” column.
Targeted reduction from base year (%) (column 9)
- Enter your targeted emissions reduction as a percentage reduction in emissions to be achieved in the target year, when compared to the base year.
- E.g. if your target is to reduce your Scope 1 emissions by 3000 metric tons CO2e and your base year emissions were 150,000 metric tons CO2e, you should enter 2 into this column (i.e. (3000/150000) =0.02; then multiply by 100 for percentage value).
- If your target is to stabilize emissions at the base year level, you should enter 0 in this column.
- Note that this column is intended to describe the targeted percentage reduction from the base year that is to be achieved in the target year, and not the percentage reduction from the base year observed in the reporting year.
Covered emissions in target year (metric tons CO2e) [auto-calculated] (column 10)
- This column will be auto-calculated in the ORS.
- The emissions covered by the target in your target year will be calculated from the “Covered emissions in base year” (column 6) and the “Targeted reduction from base year” (column 9) columns. Ensure that you have entered data into these columns.
- E.g. if your base year emissions were 150,000 metric tons CO2e, and your targeted reduction is 2%, this column will display 147,000.
Covered emissions in reporting year (metric tons CO2e) (column 11)
- Enter the emissions in the reporting year covered by the target in this column.
- E.g. if your target is to reduce Scope 1 emissions arising from your European operations, enter the Scope 1 emissions in the reporting year for your European operations only.
- E.g. if your target relates to Scope 2 emissions of a particular business activity (e.g. office-based operations, etc.), enter the Scope 2 emissions in the reporting year relating to that business activity only.
% of target achieved [auto-calculated] (column 12)
- This column will be auto-calculated in the ORS.
- The target’s percentage completion (in terms of emissions) compared with the base year will be calculated from the “Covered emissions in base year” (column 6), “Targeted reduction from base year” (column 9) and the “Covered emissions in reporting year” (column 11) columns. Ensure that you have entered data into these columns.
- E.g. if your target is to reduce your Scope 1 emissions by 10% and in the reporting year your Scope 1 emissions had reduced by 3% compared to the base year, this column will display 30 as your target is 30% complete.
- Negative values indicate an increase in emissions compared to the base year.
- Values greater than 100 indicate that you have exceeded your target.
- This column will not appear if you set a target to stabilize your greenhouse gas emissions at the base year level, i.e. if you have entered 0 (zero) in column “Targeted reduction from base year (%)” (column 9).
Target status in reporting year (column 13)
- New - Select this option for targets that have been set in the reporting year and are still in progress.
- Underway - Select this option for targets that were set before the reporting year, with a target year in the future, that have not been achieved and continue to be pursued.
- Achieved - Select this option for targets that have been achieved or exceeded in the reporting year.
- Expired - Select this option for targets with a target year of the reporting year, that have not been achieved and have therefore expired in the reporting year.
- Revised - Select this option for targets that were set before the reporting year but a revision has been made to any of the elements in columns 2 to 11 in the reporting year, for example due to a recalculation of the base year emissions or a change to the target year.
- Replaced - Select this option for previously reported targets that have been replaced with another target in the reporting year, for example where a facility target has been incorporated into a company-wide target.
- Retired - Select this option for targets with a target year in the future, that have not been achieved, but will no longer be pursued. Provide more information as to why this target was retired in the “Please explain (including target coverage)” column.
Is this a science-based target? (column 14)
- A brief description of science-based targets and why CDP is asking companies to set them is provided as additional information to this question.
- In addition, see the Technical Note on Science-Based Targets for what qualifies as a science-based target and how to assess your target against the Science Based Targets initiative’s criteria.
- Yes, this target has been approved as science-based by the Science Based Targets initiative – Companies are very strongly encouraged to have their targets officially evaluated by the Science Based Targets initiative (SBTi). CDP considers targets approved by the initiative to reflect best practice in science-based target setting. Select this option only if the target has been approved by the SBTi.
- Yes, we consider this a science-based target, but this target has not been approved as science-based by the Science Based Targets initiative: Not all companies have had their target assessed by the SBTi. If your company has set a target and has self-assessed it to be science-based, but has not had it approved by the SBTi, or it is currently being reviewed by the SBTi, please select this option. You should use the “Please explain (including target coverage)” column to explain why you believe your target to be science-based. Do not select this option if your target has been rejected by the SBTi. If you are currently in the process of revising your target to meet SBTi criteria, indicate this by selecting “No, but we anticipate setting one in the next 2 years.”
- No, but we are reporting another target that is science-based: Another target (absolute or intensity) disclosed is science-based, either in another row in this table, or in C4.1b.
- No, but we anticipate setting one in the next 2 years: While not necessary, it is recommended that the company publicly state this through the Call to Action commitment to set a science-based target.
- No, and we do not anticipate setting one in the next 2 years: No science-based targets have been set and there are no plans in place to set one in the next 2 years.
Please explain (including target coverage) (column 15)
- If the target is not company-wide (i.e. it does not apply to the whole company in line with your definition of the reporting boundary), provide further details of your target coverage in this column. E.g. if you have selected “Country/region” in column 3, please specify which countries/regions your target covers.
- You can use this column to identify where you have a financial year or average year based target.
- If your target was originally in a different format, you may wish to give the original target before it was converted into the format required for the purposes of this table.
- If your target is part of a wider carbon neutrality goal, a regulatory requirement, or a longer term target, you can also explain this here.
Additional information
Science-based targets
- The world is on a trajectory leading to a 4°C temperature increase above pre-industrial levels, which will have adverse effects on the planet. Nearly 200 nations at COP21 wrote into the Paris Agreement that globally we will aim to limit warming to below 2°C and even pursue efforts to limit warming to under 1.5°C. However, there is a yawning gap between the level of ambition of the country commitments and targeted temperatures. Companies, which are responsible for a vast majority of the world’s emissions, must play a critical role in filling the gap left by country commitments by raising the level of ambition in their target setting and reducing their emissions in line with climate science.
- Science-based target setting methods disaggregate the remaining global carbon budget and assign companies their fair share of emissions reductions. A number of factors are taken into consideration in order to determine what is most appropriate for a given company. Please see the Technical Note on Science Based Targets and the 2020 climate change scoring methodology for information on best practices in target setting what CDP considers a science-based target.
- Companies are very strongly encouraged to have their targets officially evaluated by the Science Based Targets initiative (SBTi). CDP considers targets approved by the initiative to reflect best practices in science-based target setting. Targets submitted to the SBTi for an official evaluation by the May 15 2020 deadline, with all information needed to assess the target, will be used for scoring in CDP’s 2020 climate change questionnaire.
- Regardless of submission to SBTi, companies are expected to report emissions reductions targets in their CDP response. Targets that did not pass the SBTi’s review process or that have not been submitted for review prior to the deadline will still be evaluated using the information disclosed by each company in their CDP response. See the Technical Note for more details.
(C4.1b) Provide details of your emissions intensity target(s) and progress made against those target(s).
Question dependencies
This question only appears if you select “Intensity target” or “Both absolute and intensity target” in response to C4.1.
Change from 2019
Modified question
Rationale
The question is aimed at encouraging best practice in target setting, such as the use of science-based targets where available.
Connection to other frameworks
TCFD
Metrics & Targets recommended disclosure c) Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets.
SDG
Goal 7: Affordable and clean energy
Goal 12: Responsible consumption and production
Goal 13: Climate action
2018 RobecoSAM Corporate Sustainability Assessment (DJSI)
Climate-related targets
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.
Target reference number
|
Year target was set
|
Target coverage
|
Scope(s) (or Scope 3 category)
|
Intensity metric
|
Base year
|
Intensity figure in base year (metric tons CO2e per unit of activity)
|
% of total base year emissions in selected Scope(s) (or Scope 3 category) covered by this intensity figure
|
Int1- Int100
|
Numerical field [enter a number between 1900- 2020]
|
Select from:
- Company-wide
- Business division
- Business activity
- Site/facility
- Country/region
- Product-level
- Other, please specify
|
Select from drop-down options below
|
Select from drop-down options below
|
Numerical field [enter a number between 1900- 2020]
|
Numerical field [enter a number from 0- 999,999,999,999 using a maximum of 10 decimal places and no commas]
|
Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]
|
Target year
|
Targeted reduction from base year (%)
|
Intensity figure in target year (metric tons CO2e per unit of activity)
[auto-calculated]
|
% change anticipated in absolute Scope 1+2 emissions
|
% change anticipated in absolute Scope 3 emissions
|
Intensity figure in reporting year (metric tons CO2e per unit of activity)
|
Numerical field [enter a number between 2000- 2100]
|
Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]
|
Numerical field [0- 999,999,999,999]
|
Percentage field [enter a percentage from -999-999 using a maximum of 2 decimal places]
|
Percentage field [enter a percentage from -999-999 using a maximum of 2 decimal places]
|
Numerical field [enter a number from 0- 999,999,999,999 using a maximum of 10 decimal places and no commas]
|
% of target achieved
[auto-calculated]
|
Target status in reporting year
|
Is this a science-based target?
|
Please explain (including target coverage)
|
Percentage field [-999 to 999]
|
Select from:
- New
- Underway
- Achieved
- Expired
- Revised
- Replaced
- Retired
|
Select from drop-down options below
|
Text field [maximum 2,400 characters]
|
[Add Row]
Scope(s) (or Scope 3 category) drop-down options:
Select one of the following options:
- Scope 1
- Scope 2 (location-based)
- Scope 2 (market-based)
- Scope 1+2 (location-based)
- Scope 1+2 (market-based)
- Scope 1+2 (location-based) +3 (upstream)
- Scope 1+2 (location-based) +3 (downstream)
- Scope 1+2 (location-based) +3 (upstream & downstream)
- Scope 1+2 (market-based) +3 (upstream)
- Scope 1+2 (market-based) +3 (downstream)
- Scope 1+2 (market-based) +3 (upstream & downstream)
- Scope 3 (upstream)
- Scope 3 (downstream)
- Scope 3 (upstream & downstream)
- Scope 3: Purchased goods & services
- Scope 3: Capital goods
- Scope 3: Fuel- and energy-related activities (not included in Scopes 1 or 2)
- Scope 3: Upstream transportation & distribution
- Scope 3: Waste generated in operations
- Scope 3: Business travel
- Scope 3: Employee commuting
- Scope 3: Upstream leased assets
- Scope 3: Investments
- Scope 3: Downstream transportation and distribution
- Scope 3: Processing of sold products
- Scope 3: Use of sold products
- Scope 3: End-of-life treatment of sold products
- Scope 3: Downstream leased assets
- Scope 3: Franchises
- Other, please specify
Intensity metric drop-down options:
Select one of the following options from the drop-down menu below. Those with an asterisk (*) are the metrics that can be evaluated against science-based target setting methods (see Technical Note on Science Based Targets):
- Grams CO2e per revenue passenger kilometer*
- Metric tons CO2e per USD($) value-added*
- Metric tons CO2e per square meter*
- Metric tons CO2e per metric ton of aluminum*
- Metric tons CO2e per metric ton of steel*
- Metric tons CO2e per metric ton of cement*
- Metric tons CO2e per metric ton of cardboard*
- Grams CO2e per kilometer*
- Metric tons CO2e per unit revenue
- Metric tons CO2e per unit FTE employee
- Metric tons CO2e per unit hour worked
- Metric tons CO2e per metric ton of product
- Metric tons of CO2e per liter of product
- Metric tons CO2e per unit of production
- Metric tons CO2e per unit of service provided
- Metric tons CO2e per square foot*
- Metric tons CO2e per kilometer
- Metric tons CO2e per passenger kilometer*
- Metric tons CO2e per megawatt hour (MWh)*
- Metric tons CO2e per barrel of oil equivalent (BOE)
- Metric tons CO2e per vehicle produced
- Metric tons CO2e per metric ton of ore processed
- Metric tons CO2e per ounce of gold
- Metric tons CO2e per ounce of platinum
- Metric tons of CO2e per metric ton of aggregate
- Metric tons of CO2e per billion (currency) funds under management
- Other, please specify
Is
this a science-based target? drop-down options:
Select one of the following options:
- Yes,
this target has been approved as science-based by the Science Based Targets
initiative
- Yes,
we consider this a science-based target, but this target has not been approved
as science-based by the Science Based Targets initiative
- No,
but we are reporting another target that is science-based
- No,
but we anticipate setting one in the next 2 years
- No,
and we do not anticipate setting one in the next 2 years
Requested content
General
- Note that CDP is requesting data on gross emissions. Gross means total emissions before any deductions or other adjustments are made to take account of offset credits, avoided emissions from the use of goods and services and/or reductions attributable to the sequestration or transfer of GHGs. If you have a target that will be met in part by offsetting (including carbon neutrality targets), only the proportion of the target that relates to emissions reductions (and not offset purchases) should be considered here. If you are uncertain of the proportion that will be achieved through emissions reductions, make an estimation based on the initiatives that you have in place or planned.
- Targets to reduce emissions in the product use phase or to reduce emissions from the supply chain should be captured as Scope 3 targets.
- The categories of Scope 3 emissions have been taken from the Greenhouse Gas Protocol’s Corporate Value Chain (Scope 3) Accounting and Reporting Standard. Refer to the Standard for additional information on the sources that each category comprises and how to calculate these emissions. If you are specifying a Scope 3 source under “Other, please specify” please make clear whether it is an upstream or downstream source.
Target reference number (column 1)
- Select a unique target reference from the drop-down menu provided to identify the target in subsequent questions and to track progress against the target in subsequent reporting years.
- If you reported a target to CDP last year and will be reporting progress against the same target this year, ensure you use the same target reference number as last year. For any new targets you are adding, always use a new reference number that you have not used previously.
Year target was set (column 2)
- Enter the year in which your company set the target.
- This must be either before or during the reporting year, but cannot be after the reporting year. It also cannot be after the target year.
- If you have a year-on-year rolling target, enter the year you first set the target. This can be before the base year.
- If you set the target based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
Target coverage (column 3)
- If the target applies to the whole company, select “Company-wide”. Note that “company” refers collectively to all the companies, businesses, organizations, other entities or groups that fall within your definition of the reporting boundary.
- If the target does not apply to the whole company, select the option that best describes the coverage of the target, and provide further details in the “Please explain (including target coverage)” column. E.g. if your target applies only to your European operations, select “Country/region” in this column and specify the country/region in the “Please explain (including target coverage)” column.
Scope(s) (or Scope 3 category) (column 4)
- This refers to the Scope(s) (or Scope 3 category) of emissions to which the target relates. Note that this does not have to comprise all emissions within a particular Scope.
Intensity metric (column 5)
- If you select “Other, please specify,” provide a label for the metric.
- This should be in the format “mass CO2 per activity,” as in the drop-down options above.
Base year (column 6)
- The base year is the year against which you are comparing your emissions reduction target
- If you have a year-on-year rolling target, the base year will be the previous reporting year.
- If you have a target based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
- If you have a target based on average emissions over a period of time (e.g. 5-year average), enter the year that applies to the end of the average period and specify this in the “Please explain (including target coverage)” column.
- You cannot have a base year that is in the future.
Intensity figure in base year (metric tons CO2e per unit of activity) (column 7)
- Enter the emissions intensity figure in the base year covered by the target in this column.
- Note that the base year emissions intensity figure should be calculated by dividing the base year emissions covered by the target by the intensity metric denominator (e.g. unit revenue, metric ton of product etc).
- E.g. if your target is to reduce your Scope 1 emissions per full time equivalent (FTE) employee by 22%, using 2010 as the base year and 2020 as the target year, first calculate what your Scope 1 emissions were per FTE in 2010 (in this example 9 metric tons CO2e) and enter this figure in the field.
% of total base year emissions in selected Scope(s) (or Scope 3 category) covered by this intensity figure (column 8)
- Enter the base year emissions covered by the target as a percentage of your total company-wide base year emissions in the Scope(s) (or Scope 3 category) your intensity target relates to.
- If the target encompasses multiple Scopes, the percentage should be based upon the total company-wide emissions in all Scopes identified.
- Note that for this calculation you should use the absolute base year emissions covered by the target (i.e. metric tons CO2e), not the intensity figure you reported in the previous column (i.e. metric tons CO2e per unit activity).
- E.g. if your target is to reduce your Scope 1 emissions per FTE employee in your European operations only, and your European operations accounted for 80% of your total Scope 1 emissions in the base year, then you should enter 80 into this column.
- E.g. if you have selected a Scope 3 category (e.g. Scope 3: Business travel) you should specify the percentage of emissions in that category rather than in Scope 3 as a whole.
- Note that entering a value of 100% indicates that the target covers your company’s total, global gross emissions in the base year for the Scope(s) (or Scope 3 category) selected in column 4.
Target year (column 9)
- If you have a year-on-year rolling target, the target year will be the reporting year.
- If you have a target based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
- If you have a target based on average emissions over a period of time (e.g. 5-year average), enter the year that applies to the end of the average period and specify this in the “Please explain (including target coverage)” column.
Targeted reduction from base year (%) (column 10)
- Enter your targeted emissions intensity reduction as a percentage reduction of the emissions intensity figure to be achieved in the target year, when compared to the base year.
- E.g. if your target is to reduce your Scope 1 emissions per FTE employee to 7 metric tons CO2e per FTE employee and your base year emissions were 9 metric tons CO2e per FTE employee, you should enter 22 into this column (i.e. ((9-7)/9)=0.22; then multiply by 100 for percentage value).
- If your target is to stabilize your emissions intensity at the base year level, you should enter 0 in this column.
- Note that this column is intended to describe the targeted percentage reduction from the base year that is to be achieved in the target year, not the percentage reduction from the base year observed in the reporting year.
Intensity figure in target year (metric tons CO2e per unit of activity) [auto-calculated] (column 11)
- This column will be auto-calculated in the ORS.
- The intensity figure covered by the target in your target year will be calculated from the “Intensity figure in base year” (column 7) and the “Targeted reduction from base year” (column 10) columns. Ensure that you have entered data into these columns.
- E.g. if your base year intensity figure was 9 metric tons CO2e per FTE employee, and your targeted reduction is 22%, this column will display 7.
% change anticipated in absolute Scope 1+2 emissions (column 12)
- Complete this column if your target relates to Scope 1 and/or Scope 2 emissions. If your target does not relate to Scope 1 and/or Scope 2 emissions, enter 0 (zero) in this column.
- Enter the percentage change in your total absolute gross global Scope 1+2 emissions anticipated, based on the information provided in the previous columns. A positive figure indicates that you anticipate an increase in emissions.
- Note that even if your target only relates to one Scope (i.e. Scope 1 or 2), enter the change anticipated in your Scope 1+2 emissions.
% change anticipated in absolute Scope 3 emissions (column 13)
- Complete this column if your target relates to Scope 3 emissions. If your target does not include Scope 3 emissions, enter 0 (zero) in this column.
- Enter the percentage change in your total absolute global Scope 3 emissions expected, based on the information provided in the previous columns. A positive figure indicates that you anticipate an increase in emissions.
Intensity figure in reporting year (metric tons CO2e per unit of activity) (column 14)
- Enter the emissions intensity figure in the reporting year covered by the target in this column.
- Note that the intensity figure in the reporting year should be calculated by dividing your reporting year emissions covered by the target by the intensity metric denominator (e.g. unit revenue, metric ton of product etc).
- E.g. if your target is to reduce your Scope 1 emissions per full time equivalent (FTE) employee from 9 metric tons CO2e to 7 metric tons CO2e and in the reporting year your Scope 1 emissions per FTE employee were 8 metric tons CO2e, enter 8 in this field.
% of target achieved [auto-calculated] (column 15)
- This column will be auto-calculated in the ORS.
- The target’s percentage completion (in terms of emissions) compared with the base year will be calculated from the “Intensity figure in base year” (column 7), “Targeted reduction from base year” (column 10), and the “Intensity figure in reporting year” (column 14) columns. Ensure you have entered data into these columns.
- E.g. if your target is to reduce your Scope 1 emissions per FTE employee by 22% and in the reporting year your Scope 1 emissions per FTE employee had reduced by 11% compared to the base year, this column will display 50 as your target is 50% complete.
- Negative values indicate an increase in the emissions intensity figure compared to the base year.
- Values greater than 100 indicate that you have exceeded your target.
- This column will not appear if you set a target to stabilize your emissions intensity at the base year level, i.e. if you have entered 0 (zero) in column “Targeted reduction from base year (%)” (column 10).
Target status (column 16)
- New - Select this option for targets that have been set in the reporting year and are still in progress.
- Underway - Select this option for targets that were set before the reporting year, with a target year in the future, that have not been achieved and continue to be pursued.
- Achieved - Select this option for targets that have been achieved or exceeded in the reporting year.
- Expired - Select this option for targets with a target year of the reporting year, that have not been achieved and have therefore expired in the reporting year.
- Revised - Select this option for targets that were set before the reporting year but a revision has been made to any of the elements in columns 2 to 14 in the reporting year, for example due to a recalculation of the base year emissions intensity or a change to the target year.
- Replaced - Select this option for previously reported targets that have been replaced with another target in the reporting year, for example where a facility target has been incorporated into a company-wide target.
- Retired - Select this option for targets with a target year in the future, that have not been achieved, but will no longer be pursued. Provide more information as to why this target was retired in the “Please explain (including target coverage)” column.
Is this a science-based target? (column 17)
- A brief description of science-based targets and why CDP is asking companies to set them is provided as additional information to this question.
- In addition, see the Technical Note on Science-Based Targets for what qualifies as a science-based target and how to assess your target against the Science Based Targets initiative’s criteria.
- Yes, this target has been approved as science-based by the Science Based Targets initiative – Companies are very strongly encouraged to have their targets officially evaluated by the Science Based Targets initiative (SBTi). CDP considers targets approved by the initiative to reflect best practice in science-based target setting. Select this option only if the target has been approved by the SBTi.
- Yes, we consider this a science-based target, but this target has not been approved as science-based by the Science Based Targets initiative – Not all companies have had their target assessed by the SBTi. If your company has set a target and has self-assessed it to be science-based, but has not had it approved by the SBTi, or it is currently being reviewed by the SBTi, please select this option. You should use the Please explain column to explain why you believe your target to be science-based. Do not select this option if your target has been rejected by the SBTi. If you are currently in the process of revising your target to meet SBTi criteria, indicate this by selecting “No, but we anticipate setting one in the next 2 years.”
- No, but we are reporting another target that is science-based – Another target (absolute or intensity) disclosed is science-based, either in another row in this table, or in C4.1a.
- No, but we anticipate setting one in the next 2 years – While not necessary, it is recommended that the company publicly state this through the Call to Action commitment to set a science-based target.
- No, and we do not anticipate setting one in the next 2 years – No science-based targets have been set and there are no plans in place to set one in the next 2 years.
Please explain (including target coverage) (column 18)
- If the target is not company-wide (i.e. it does not apply to the whole company in line with your definition of the reporting boundary) provide further details of your target coverage in this column. E.g. if you have selected “Country/region” in column 3, please specify which countries/regions your target covers.
- You can use this column to identify where you have a financial year or average year based target.
- If your target was originally in a different format, you may wish to give the original target before it was converted into the format required for the purposes of this table.
- If your target is part of a wider carbon neutrality goal, a regulatory requirement, or a longer term target, you can also explain this here.
Additional information
Science-based targets
- The world is on a trajectory leading to a 4°C temperature increase above pre-industrial levels, which will have adverse effects on the planet. Nearly 200 nations at COP21 wrote into the Paris Agreement that globally we will aim to limit warming to below 2°C and even pursue efforts to limit warming to under 1.5°C. However, there is a yawning gap between the level of ambition of the country commitments and targeted temperatures. Companies, which are responsible for a vast majority of the world’s emissions, must play a critical role in filling the gap left by country commitments by raising the level of ambition in their target setting and reducing their emissions in line with climate science.
- Science-based target setting methods disaggregate the remaining global carbon budget and assign companies their fair share of emissions reductions. A number of factors are taken into consideration in order to determine what is most appropriate for a given company. Please see the Technical Note on Science Based Targets and the 2020 climate change scoring methodology for information on best practices in target setting what CDP considers a science-based target.
- Companies are very strongly encouraged to have their targets officially evaluated by the Science Based Targets initiative (SBTi). CDP considers targets approved by the initiative to reflect best practices in science-based target setting. Targets submitted to the SBTi for an official evaluation by the May 15 2020 deadline, with all information needed to assess the target, will be used for scoring in CDP’s 2020 climate questionnaire.
- Regardless of submission to SBTi, companies are expected to report emissions reductions targets in their CDP response. Targets that did not pass the SBTi’s review process or that have not been submitted for review prior to the deadline will still be evaluated using the information disclosed by each company in their CDP response. See the Technical Note for more details.
(C4.1c) Explain why you did not have an emissions target, and forecast how your emissions will change over the next five years.
Question dependencies
This question only appears if you select “No target” in response to C4.1.
Change from 2019
No change
Rationale
As setting a target is a pre-requisite for leadership in environmental practice, data users need to understand why companies do not have active targets guiding environmental strategy.
Response options
Please complete the following table:
Primary reason | Five-year forecast | Please explain |
Select from: - We are planning to introduce a target in the next two years
- Important but not an immediate business priority
- Judged to be unimportant, explanation provided
- Lack of internal resources
- Insufficient data on operations
- No instruction from management
- Other, please specify
| Text field [maximum 2,400 characters] | Text field [maximum 2,400 characters] |
Requested content
General
- If you select “Other, please specify,” provide a label for the "Primary reason".
Five-year forecast (column 2)
- Provide a qualitative and quantitative description of how you forecast your emissions will change over the next five years.
- It is acknowledged that this forecast will be an estimate, but it is expected that companies will::
- forecast the expected direction of change (e.g. whether their emissions will increase, decrease or experience no change overall over the next five years).
- provide a quantitative description of the forecasted change in emissions (e.g. Scope 1 emissions forecasted to decrease by 30 metric tons CO2e/ Scope 1 and Scope 2 emissions forecasted to increase by 10%).
- provide a brief description of the reasons you forecast this change, or in the unlikely event no change, in emissions over the next five years. For example, this could be due to forecasted changes in output or expected emissions reduction activities.
Please explain (column 3)
- Provide an explanation of why you do not have a target and the timeline to implement one, if applicable.
Other climate-related targets
(C4.2) Did you have any other climate-related targets that were active in the reporting year?
Change from 2019
New question
Rationale
Emissions reduction targets are not the only type of relevant targets that organizations use to drive change. CDP asks this question to allow companies to report climate goals separate from emissions reductions, recognizing that there are multiple types of targets.
Connection to frameworks
TCFD
Metrics & Targets recommended disclosure a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.
Metrics & Targets recommended disclosure c) Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets.
SDG
Goal 7: Affordable and clean energy
Goal 12: Responsible consumption and production
Goal 13: Climate action
2018 RobecoSAM Corporate Sustainability Assessment (DJSI)
Climate-related targets
Response options
Select all that apply from the following options:
- Target(s) to increase low-carbon energy consumption or production
- Target(s) to reduce methane emissions
- Other climate-related target(s)
- No other climate-related targets
Requested content
Note for oil and gas and coal sectors:
- If you have a methane-specific emissions reduction target that was not reported in C4.1a/b, select “Target(s) to reduce methane emissions”. You will then receive a follow up question C4.2b where you can provide details of your methane-specific emissions reduction target.
- If you engage in oil and gas or coal mining activities and have not selected “Target(s) to reduce methane emissions” in this question, you will receive a follow up question C-CO4.2c/C-OG4.2c requesting information on why you do not have a methane-specific emissions reduction target and will be asked to forecast how your methane emissions will change.
- If methane emissions are not applicable to your organization, you will be given the opportunity to explain this in C-CO4.2c/C-OG4.1c.
Explanation of terms
- Target to reduce methane emissions, or “methane-specific target” is any target to reduce specifically methane (CH4) emissions e.g. reduction of leakage, venting or flaring of methane.
(C4.2a) Provide details of your target(s) to increase low-carbon energy consumption or production.
Question dependencies
This question only appears if you select “Target(s) to increase low-carbon energy consumption or production” in response to C4.2.
Change from 2019
New question
Rationale
Targets related to increasing low-carbon energy consumption or production can be an important element of organizations’ strategy to reduce their emissions.
Connection to frameworks
TCFD
Metrics & Targets recommended disclosure a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.
Metrics & Targets recommended disclosure c) Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets.
SDG
Goal 7: Affordable and clean energy
Goal 12: Responsible consumption and production
Goal 13: Climate action
2018 RobecoSAM Corporate Sustainability Assessment (DJSI)
Climate-related targets
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.
Target reference number
|
Year target was set
|
Target coverage
|
Target type: absolute or intensity
|
Target type: energy carrier
|
Target type: activity
|
Target type: energy source
|
Low1 – Low100
|
Numerical field [enter a number between 1900- 2020]
|
Select from:
- Company-wide
- Business division
- Business activity
- Site/facility
- Country/region
- Product level
- Other, please specify
|
Select from:
|
Select from:
- Electricity
- Heat
- Steam
- Cooling
- All energy carriers
- Other, please specify
|
Select from:
|
Select from:
- Low-carbon energy source(s)
- Renewable energy source(s) only
|
Metric (target numerator if reporting an intensity target)
|
Target denominator (intensity targets only)
|
Base year
|
Figure or percentage in base year
|
Target year
|
Figure or percentage in target year
|
Figure or percentage in reporting year
|
% of target achieved
[auto-calculated]
|
Select from:
|
Select from drop-down options below
|
Numerical field [enter a number between 1900- 2020]
|
Numerical field [enter a number from 0- 999,999,999,999 using a maximum of 10 decimal places and no commas]
|
Numerical field [enter a number between 2000- 2100]
|
Numerical field [enter a number from 0- 999,999,999,999 using a maximum of 10 decimal places and no commas]
|
Numerical field [enter a number from 0- 999,999,999,999 using a maximum of 10 decimal places and no commas]
|
Percentage field [-999-999]
|
Target status in reporting year
|
Is this target part of an emissions target?
|
Is this target part of an overarching initiative?
|
Please explain (including target coverage)
|
Select from:
- New
- Underway
- Achieved
- Expired
- Revised
- Replaced
- Retired
|
Text field [maximum 2,400 characters]
[Emissions reduction target ID]
|
Select from:
- RE100
- Science Based Targets initiative
- No, it's not part of an overarching initiative
- Other, please specify
|
Text field [maximum 2,400 characters]
|
[Add Row}
Target denominator (intensity targets only) drop-down options:
Select one of the following options:
- revenue passenger kilometer
- USD($) value-added
- square meter
- metric ton of aluminum
- metric ton of steel
- metric ton of cement
- metric ton of cardboard
- unit revenue
- unit FTE employee
- unit hour worked
- metric ton of product
- liter of product
- unit of production
- unit of service provided
- square foot
- kilometer
- passenger kilometer
- megawatt hour (MWh)
- barrel of oil equivalent (BOE)
- vehicle produced
- metric ton of ore processed
- ounce of gold
- ounce of platinum
- metric ton of aggregate
- billion (currency) funds under management
- Other, please specify
Requested content
General
- If you are a member of the RE100 initiative, you can use this question to report on your progress towards achieving your target.
Target reference number (column 1)
- Select a unique target reference from the drop-down menu provided to track progress against this target in subsequent reporting years.
Year target was set (column 2)
- Enter the year in which your company set the target.
- This must be either before or during the reporting year, but cannot be after the reporting year. It also cannot be after the target year.
- For year-on-year rolling targets, enter the year that you first set the target. This can be before the base year.
- If the target was set based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
Target coverage (column 3)
- If the target applies to the whole company, select “Company-wide”. Note that “company” refers collectively to all the companies, businesses, organizations, other entities or groups that fall within your definition of the reporting boundary.
- If the target does not apply to the whole company, select the option that best describes the coverage of the target, and provide further details in the “Please explain (including target coverage)” column. E.g. if your target applies only to your European operations, select “Country/region” in this column and specify the country/region in the column “Please explain (including target coverage)”.
Target type: absolute or intensity (column 4)
- Select whether the target is an absolute or an intensity target, regardless of whether you measure it in absolute (e.g. MWh) or relative (%) values. E.g. if your target is to increase the percentage of renewable energy in your electricity mix, select “absolute”. If your target is to increase the percentage of renewable energy consumption per metric ton of product, select “intensity”.
Target type: energy source (column 7)
- Select whether the target relates to increasing consumption or production of low-carbon energy, or of renewable energy specifically. Definitions are provided in the explanation of terms below
Metric (target numerator if reporting an intensity target) (column 8)
- Select the metric relevant to the target – for intensity targets this will be the target numerator.
- You should enter all energy data relating to your target in Watt-hours (either MWh or kWh). Conversion factors from other energy units are available from a variety of online calculation tools, including from IEA and OnlineConversion.com, or from conversion tables such as those in EPA AP-42 (Annex A). Further guidance on unit conversion is available in the following Technical Note: “Conversion of fuel data to MWh”.
Target denominator (intensity targets only) (column 9)
- Select the denominator of your intensity target. This column will only appear if you selected “Intensity” in column 4.
Base year (column 10)
- The base year is the year against which you are comparing your target.
- If you have a year-on-year rolling target, the base year will be the previous reporting year.
- If you have a target based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
- If you have a target based on an average over a period of time (e.g. 5-year average), enter the year that applies to the end of the average period and specify this in the “Please explain (including target coverage)” column.
- You cannot have a base year that is in the future.
Figure or percentage in base year (column 11)
- Enter the base year value for your target. Note that this will be a percentage if you have selected “Percentage” as your metric in column 8.
- E.g. if your target is to achieve 100% renewable energy consumption by a target year of 2025 compared with a base year of 2015, and in 2015 your renewable energy consumption was 40%, enter 40 in this column.
Target year (column 12)
- If you have a year-on-year rolling target, the target year will be the reporting year.
- If you have a target based on financial years, enter the year that applies to the end of your financial year and specify in the “Please explain (including target coverage)” column.
- If you have a target based on an average over a period of time (e.g. 5-year average), enter the year that applies to the end of the average period and specify this in the “Please explain (including target coverage)” column.
Figure or percentage in target year (column 13)
- Enter the target year value for your target.
- E.g. if your target is to achieve 100% renewable energy consumption by a target year of 2025 compared with a base year of 2015, enter 100 in this column.
Figure or percentage in reporting year (column 14)
- Enter the reporting year value for your target.
- E.g. if your target is to achieve 100% renewable energy consumption by a target year of 2025 compared with a base year of 2015, and in the reporting year you achieved 80% renewable energy, enter 80 in this column.
% of target achieved [auto-calculated] (column 15)
- This column will be auto-calculated in the ORS.
- The target’s percentage completion compared with the base year will be calculated from the “Figure or percentage in base year” (column 11), “Figure or percentage in target year” (column 13), and the “Figure or percentage in reporting year” (column 14) columns. Ensure you have entered data into these columns.
- E.g. if your target is to achieve 100% renewable energy consumption by 2025 compared with 40% renewable energy consumption in a base year of 2015, and in the reporting year you achieved 80% renewable energy, this column will display 66 as you have achieved 66% of your targeted increase in renewable energy compared with the base year.
- Negative values indicate a decrease in low carbon or renewable energy consumption or production compared to the base year.
- Values greater than 100 indicate that you have exceeded your target.
Target status in reporting year (column 16)
- New - Select this option for targets that have been set in the reporting year and are still in progress.
- Underway - Select this option for targets that were set before the reporting year, with a target year in the future, that have not been achieved and continue to be pursued.
- Achieved - Select this option for targets that have been achieved or exceeded in the reporting year.
- Expired - Select this option for targets with a target year of the reporting year, that have not been achieved and have therefore expired in the reporting year.
- Revised - Select this option for targets that were set before the reporting year but a revision has been made to any of the elements in columns 2 to 14 in the reporting year, for example due to a recalculation or a change to the target year.
- Replaced - Select this option for previously reported targets that have been replaced with another target in the reporting year, for example where a facility target has been incorporated into a company-wide target.
- Retired - Select this option for targets with a target year in the future, that have not been achieved, but will no longer be pursued. Provide more information as to why this target was retired in the “Please explain (including target coverage)” column.
Is this target part of an emissions target? (column 17)
- If the target is part of an emissions reduction target reported in C4.1a or C4.1b, enter the emissions reduction target reference number here.
Is this target part of an overarching initiative? (column 18)
- If the target is part of an overarching initiative, select the initiative or select “Other, please specify” to outline the initiative.
Please explain (including target coverage) (column 19)
- If the target does not apply to the whole organization (i.e. the target coverage is not “Company-wide”), provide further details of your target coverage in this column. E.g. if you have selected “Country/region” in column 3, please specify which countries/regions your target covers.
- If you reported a renewable energy consumption or production target in C4.2 last year and are reporting progress against the same target this year, indicate this in this column.
- You can use this column to identify where you have a financial year or average year based target.
- If your target was originally in a different format, you may wish to give the original target before it was converted into the format required for the purposes of this table.
- If your target is part of a wider carbon neutrality goal, a regulatory requirement, or a longer term target, you can also explain this here.
Explanation of terms
- Low-carbon energy: In line with the IEA definition, low-carbon technologies are technologies that produce low – or zero – greenhouse-gas emissions while operating. In the power sector this includes fossil-fuel plants fitted with carbon capture and storage, nuclear plants and renewable-based generation technologies. Natural gas, combined cycle gas turbine and fossil fuel-based combined heat and power (cogeneration), despite being less carbon intensive than other means of electricity production like coal, are not considered low-carbon.
- Renewable energy: CDP follows the definition of renewable energy given in the GHG Protocol, i.e. “energy taken from sources that are inexhaustible, e.g. wind, water, solar, geothermal energy and biofuels”.
Example response
The table below shows four low-carbon energy target examples:
- Low 1: a company-wide RE100 target to increase the proportion of electricity consumed from renewable sources from 30% to 100% within 10 years. This target is part of the company's absolute Scope 2 emissions reduction target reported in C4.1a.
- Low 2: a company-wide target to increase the proportion of heat consumed from low-carbon sources by 2% per year. This is a year-on-year rolling target that was set in 2010, therefore the target year is the current report year (2019), and the base year is the previous reporting year (2018).
- Low 3: a renewable electricity production target covering specifically the solar PV energy generation division of the business. The target status is revised in the reporting year due to an adjustment of the target year.
- Low 4: a business division-level intensity target covering only the square meter consumption of cooling at the company's data centers. This target is part of the company's Scope 2 emissions intensity target reported in C4.1b.
Target reference number
|
Year target was set
|
Target coverage
|
Target type: absolute or intensity
|
Target type: energy carrier
|
Target type: activity
|
Target type: energy source
|
Low 1
|
2015
|
Company-wide
|
Absolute
|
Electricity
|
Consumption
|
Renewable energy source(s) only
|
Low 2
|
2010
|
Company-wide
|
Absolute
|
Heat
|
Consumption
|
Low-carbon energy source(s)
|
Low 3
|
2015
|
Business division
|
Absolute
|
Electricity
|
Production
|
Renewable energy source(s) only
|
Low 4
|
2019
|
Business division
|
Intensity
|
Cooling
|
Consumption
|
Low-carbon energy source(s)
|
Metric (target numerator if reporting an intensity target)
|
Target denominator (intensity targets only)
|
Base year
|
Figure or percentage in base year
|
Target year
|
Figure or percentage in target year
|
Figure or percentage in reporting year
|
% of target achieved [auto-calculated]
|
Percentage
|
N/A
|
2015
|
30
|
2025
|
100
|
70
|
57
|
Percentage
|
N/A
|
2018
|
19
|
2019
|
21
|
21.5
|
125
|
MWh
|
N/A
|
2015
|
9,200
|
2025
|
18,400
|
15,640
|
70
|
kWh
|
square meter
|
2018
|
85
|
2030
|
500
|
85
|
0
|
Target status in the reporting year
|
Is this target part of an emissions target?
|
Is this target part of an overarching initiative?
|
Please explain (including target coverage)
|
Underway
|
Abs 2
|
RE100
|
In 2015 we joined the RE100 initiative and set a company-wide target to achieve 100% renewable electricity consumption within 10 years, from a base year of 30% renewable electricity consumption. By the reporting year, we had achieved 70% renewable electricity consumption, thus achieved 57% of our targeted increase in renewable electricity compared with the base year. The target is still underway. This target is part of our absolute Scope 2 emissions reduction target Abs 2.
|
Achieved
|
No
|
No, it’s not part of an overarching initiative
|
In 2010 we set a company-wide year-on-year target to increase the proportion of heat consumed from low-carbon sources by 2% per year. This was achieved in the 2019 reporting period, as by installing ground source heat pumps under 3 more of our farm houses, our low-carbon consumption increased by 2.5% compared with 2018.
|
Revised
|
No
|
No, it’s not part of an overarching initiative
|
In 2015 we set a 15-year target for our solar PV generation facilities to double their per annum electricity production (in MWh) by 2030, compared to 2015 levels. In the reporting year we revised this target to bring the target year forwards to 2025, as due to the decreased costs of solar PV equipment, we are already 70% of the way to achieving this target and should now achieve it before 2025.
|
New
|
Int 5
|
No, it’s not part of an overarching initiative
|
Our data centers require a significant amount of cooling. We have set a new target for the Data Centers Division to increase the average consumption of low-carbon cooling from 85 kWh per square meter to 500 kWh by 2030. On average, the annual energy consumption for our data centers is 2000kWh/m2, of which half is from cooling, therefore achievement of this target will allow them to run on around 50% low-carbon cooling. This is part of our company-wide Scope 2 energy intensity target, Int 5.
|
(C4.2b) Provide details of any other climate-related targets, including methane reduction targets.
Question dependencies
This question only appears if you select “Other climate-related target(s)” or “Target(s) to reduce methane emissions” in response to C4.2.
Change from 2019
Modified question (2019 C4.2)
Rationale
Other climate-related targets can be an
important element of organizations’ strategy to reduce their emissions. This
question increases transparency of corporate environmental commitments.
Connection to frameworks
TCFD
Metrics & Targets recommended disclosure a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.
Metrics & Targets recommended disclosure c) Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets.
SDG
Goal 7: Affordable and clean energy
Goal 12: Responsible consumption and production
Goal 13: Climate action
2018 RobecoSAM Corporate Sustainability Assessment (DJSI)
Climate-related targets
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.
Target reference number
|
Year target was set
|
Target coverage
|
Target type: absolute or intensity
|
Target type: category
|
Metric (target numerator if reporting an intensity target)
|
Target denominator (intensity targets only)
|
Oth1 – Oth100
|
Numerical field [enter a number between 1900- 2020]
|
Select from:
- Company-wide
- Business division
- Business activity
- Site/facility
- Country/region
- Product level
- Other, please specify
|
Select from:
|
Select from:
- Energy productivity
- Energy consumption or efficiency
- Renewable fuel production
- Renewable fuel consumption
- Waste management
- Resource consumption or efficiency
- Low-carbon vehicles
- Low-carbon buildings
- Land use change
- Methane reduction target
- Fossil fuel reduction target
- Engagement with suppliers
- Engagement with customers
- R&D investments
- Green finance
- Other, please specify
|
Select from drop-down options below
|
Select from drop-down options below
|
Base year
|
Figure or percentage in base year
|
Target year
|
Figure or percentage in target year
|
Figure or percentage in reporting year
|
% of target achieved
[auto-calculated]
|
Numerical field [enter a number between 1900- 2020]
|
Numerical field [enter a number from 0- 999,999,999,999 using a maximum of 10 decimal places and no commas]
|
Numerical field [enter a number between 2000- 2100]
|
Numerical field [enter a number from 0- 999,999,999,999 using a maximum of 10 decimal places and no commas]
|
Numerical field [enter a number from 0- 999,999,999,999 using a maximum of 10 decimal places and no commas]
|
Percentage field [-999 to 999]
|
Target status in reporting year
|
Is this target part of an emissions target?
|
Is this target part of an overarching initiative?
|
Please explain (including target coverage)
|
Select from:
- New
- Underway
- Achieved
- Expired
- Revised
- Replaced
- Retired
|
Text field [maximum 2,400 characters [Emissions reduction target ID]
|
Select from:
- EP100
- EV100
- Below50 – sustainable fuels
- Science Based Targets initiative
- Reduce short-lived climate pollutants
- Remove deforestation
- Low-Carbon Technology Partnerships initiative
- No, it’s not part of an overarching initiative
- Other, please specify
|
Text field [maximum 2,400 characters]
|
[Add Row]
Metric (target numerator if reporting an intensity target) drop-down options:
Select one of the following options:
Energy productivity
- GDP
- USD ($) value-added
- units of revenue
- ounces of gold
- ounces of platinum
- metric tons of aggregate
- metric tons of aluminum
- metric tons of steel
- metric tons of cement
- metric tons of cardboard
- metric tons of product
- metric tons of ore processed
- square meters
- kilometers
- passenger kilometers
- revenue passenger kilometers
- liters of product
- units of production
- units of service provided
- square feet
- megawatt hours (MWh)
- barrel of oil equivalents (BOE)
- ton of oil equivalents (TOE)
- ton of coal equivalents (TCE)
- Other, please specify
Energy consumption or efficiency
- kWh
- MWh
- GJ
- million Btu
- boe
- toe
- tce
- Gcal
- Other, please specify
Renewable fuel production
- metric tons of solid biomass
- liters of liquid biofuel
- cubic meters of biogas
- cubic meters of hydrogen
- Other, please specify
Renewable fuel consumption
- metric tons of solid biomass
- liters of liquid biofuel
- cubic meters of biogas
- cubic meters of hydrogen
- Percentage of total fuel consumption that is from renewable sources
- Other, please specify
Waste management
- metric tons of waste diverted from landfill
- metric tons of waste recycled
- metric tons of waste reused
- metric tons of waste generated
- Percentage of total waste generated that is recycled
- Percentage of sites operating at zero-waste to landfill
- Other, please specify
Resource consumption or efficiency
- Percentage of paper from recycled or certified sustainable sources
- metric tons of paper consumed
- Percentage of plastic form recycled sources
- metric tons of plastic consumed
- Percentage of packaging from recycled or certified sustainable sources
- metric tons of packaging consumed
- Other, please specify
Low-carbon vehicles
- Percentage of low-carbon vehicles in company fleet
- Percentage of low-carbon vehicles sold
- Percentage of company fleet using biofuel
- Percentage of battery electric vehicles in company fleet
- Percentage of conventional hybrids in company fleet
- Percentage of plug-in hybrids in company fleet
- Percentage of fuel cell electric vehicles in company fleet
- Percentage of company facilities with electric vehicle infrastructure
- Other, please specify
|
Low-carbon buildings
- Percentage of net zero carbon buildings
- Percentage of net zero energy buildings
- Percentage of buildings with a green building certificate
- Other, please specify
Land use change
- hectares reforested
- hectares afforested
- hectares restored
- Percent of supply chain compliant with zero gross deforestation
- Other, please specify
Methane reduction target
- cubic meters of methane vented
- cubic meters of methane leaked
- cubic meters of methane flared
- Total methane emissions in m3
- Total methane emissions in CO2e
- Methane leakage rate (%)
- Other, please specify
Fossil fuel reduction target
- cubic meters of natural gas consumed
- metric tons of coal consumed
- barrels of oil consumed
- Percentage of fossil fuels in the fuel mix
- Other, please specify
Engagement with suppliers
- Percentage of suppliers disclosing their GHG emissions
- Percentage of suppliers setting emissions reduction targets
- Percentage of suppliers with a science-based target
- Percentage of suppliers actively engaged on climate-related issues
- Other, please specify
Engagement with customers
- Percentage of customers disclosing their GHG emissions
- Percentage of customers setting emissions reduction targets
- Percentage of customers with a science-based target
- Percentage of customers actively engaged on climate-related issues
- Other, please specify
R&D investments
- Percentage of annual revenue invested in R&D of low-carbon products/services
- US$ invested in R&D of low-carbon products/services
- Percentage of R&D budget/portfolio dedicated to low-carbon products/services
- Other, please specify
Green finance
- Total amount of green bonds outstanding (green bond ratio)
- Percentage of green bonds
- Total amount of green debt instruments outstanding (green debt ratio)
- Percentage of green debt instruments
- Green finance raised and facilitated (denominated in currency)
- Green investments (denominated in currency)
- Percentage of green investments
- Other, please specify
|
Target denominator (intensity targets only) drop-down options:
Select one of the following options:
- KWh
- MWh
- GJ
- Btu
- boe
- toe
- tce
- Gcal
- revenue passenger kilometer
- USD($) value-added
- square meter
- metric ton of aluminum
- metric ton of steel
- metric ton of cement
- metric ton of cardboard
- unit revenue
- unit FTE employee
- unit hour worked
- metric ton of product
- liter of product
- unit of production
- unit of service provided
- square foot
- kilometer
- passenger kilometer
- megawatt hour (MWh)
- barrel of oil equivalent (BOE)
- vehicle produced
- metric ton of ore processed
- ounce of gold
- ounce of platinum
- metric ton of aggregate
- billion (currency) funds under management
- hectare
- metric ton of waste
- liter of fuel
- year
- total amount of bonds outstanding at the end of the reporting period
- total amount of debt outstanding at the end of the reporting period
- Other, please specify
Requested content
General
- If you are a member of the EP100 and/or EV100 initiative, you can use this question to report on your progress towards achieving your target.
Target reference number (column 1)
- Select a unique target reference from the drop-down menu provided to identify this target in subsequent questions and to track progress against this target in subsequent reporting years.
Year target was set (column 2)
- Enter the year in which your company has set the target.
- This must be either before or during the reporting year, but cannot be after the reporting year. It also cannot be after the target year.
- For year-on-year rolling targets, enter the year that you first set the target. This can be before the base year.
- If the target was set based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
Target coverage (column 3)
- If your target applies to the whole organization, select “Company-wide”. Note that “company” refers collectively to all the companies, businesses, organizations, other entities or groups that fall within your definition of the reporting boundary.
- If your target does not relate to the whole organization, select the option that best describes the coverage of the target, and provide further details in the “Please explain (including target coverage)” column.
- E.g. if your target relates applies only to your office-based operations, select “Business activity”.
Target type: absolute or intensity (column 4)
- Select whether the target is an absolute or an intensity target, regardless of whether you measure it in absolute (e.g. MWh) or relative (%) values. E.g. if your target is to increase the percentage of low-carbon vehicles in the company fleet, select “absolute”.
Target type: category (column 5)
- Note that a selection must be made for both column 5 and column 6. Your data will not be saved if either column is left blank.
Metric (target numerator if reporting an intensity target) (column 6)
- Select the metric relevant to the target – for intensity targets this will be the target numerator.
- Note that only the options relative to the target category selected in column 5 will be displayed in the ORS.
- Note that a selection must be made for both column 5 and column 6. Your data will not be saved if either column is left blank.
Target denominator (intensity targets only) (column 7)
- Select the metric denominator of your climate-related intensity target. This column will only appear if you selected “Intensity” in column 4.
Base year (column 8)
- The base year is the year against which you are comparing your target
- If you have a year-on-year rolling target, your base year will be the previous reporting year.
- If you have a target based on financial years, enter the year that applies to the end of your financial year and specify this in the “Please explain (including target coverage)” column.
- If you have a target based on average emissions over a period of time (e.g. 5-year average), enter the year that applies to the end of the average period and specify this in the “Please explain (including target coverage)” column.
- You cannot have a base year that is in the future.
Figure or percentage in base year (column 9)
- Enter the base year value for your target. Note that this will be a percentage if you have selected any percentage option as your metric in column 6.
- E.g. if your target is to increase the percentage of low-carbon vehicles in the company fleet to 60% by a target year of 2021, compared with 40% low-carbon vehicles in the company fleet in a base year of 2016, enter 40 in this column.
Target year (column 10)
- If you have a year-on-year rolling target, your target year will be the reporting year.
- If you have a target based on financial years, enter the year that applies to the end of your financial year and specify in the “Please explain (including target coverage)” column.
- If you have a target based on an average over a period of time (e.g. 5-year average), enter the year that applies to the end of the average period and specify in the Please explain column.
Figure or percentage in target year (column 11)
- Enter the target year value for your target.
- E.g. if your target is to increase the percentage of low-carbon vehicles in your company fleet to 60% by a target year of 2021, compared with 40% low-carbon vehicles in the company fleet in a base year of 2016, enter 60 in this column.
Figure or percentage in reporting year (column 12)
- Enter the target year value for your target.
- E.g. if your target is to increase the percentage of low-carbon vehicles in your company fleet to 60% by a target year of 2021, compared with 40% low-carbon vehicles in the company fleet a base year of 2016, and in the reporting year you have achieved 55% low-carbon vehicles in the company fleet, enter 55 in this column.
% of target achieved [auto-calculated] (column 13)
- This column will be auto-calculated in the ORS.
- The target’s percentage completion compared with the base year will be calculated from the “Figure or percentage in base year” (column 9), “Figure or percentage in target year” (column 11), and the “Figure or percentage in reporting year” (column 12) columns. Ensure you have entered data into these columns.
- E.g. if your target is to increase the percentage of low-carbon vehicles in your company fleet to 60% by a target year of 2021, compared with 40% low-carbon vehicles in the company fleet in a base year of 2016, and in the reporting year you have achieved 55% low-carbon vehicles in the company fleet, this column will display 75, as you have achieved 75% of your targeted % increase in low-carbon vehicles compared with the base year
- Negative values indicate that you have made negative progress towards your target. E.g. in the above example, that you have reduced the percentage of low-carbon vehicles in the company fleet, when compared with the base year.
- Values greater than 100% indicate that you have exceeded your target.
Target status in reporting year (column 14)
- New - Select this option for targets that have been set in the reporting year and are still in progress.
- Underway - Select this option for targets that were set before the reporting year, with a target year in the future, that have not been achieved and continue to be pursued.
- Achieved - Select this option for targets which have been achieved or exceeded in the reporting year.
- Expired - Select this option for targets with a target year of the reporting year, that have not been achieved and have therefore expired in the reporting year.
- Revised - Select this option for targets that were set before the reporting year but a revision has been made in the reporting year, for example due to a recalculation or a change to the target year.
- Replaced - Select this option for previously reported targets that have been replaced with another target in the reporting year, for example where a facility target has been incorporated into a company-wide target.
- Retired - Select this option for targets with a target year in the future, that have not been achieved, but will no longer be pursued. Provide more information as to why this target was retired in the Please explain column.
Is this part of emissions target? (column 14)
- If the target is part of an emissions reduction target reported in C4.1a or C4.1b, please enter the emissions reduction target reference number here.
Is this target part of an overarching initiative? (column 15)
- If the climate-related target is part of an overarching initiative, select the initiative or select “Other, please specify” to outline the initiative.
Please explain (column 17)
- If the target does not apply to the whole organization (i.e. the target coverage is not “Company-wide”, provide further details of your target coverage in this column. E.g. if you have selected “Country/region” in column 3, please specify which countries/regions your target covers.
- You can use this column to identify where you have a financial year or average year based target.
- If your target is part of a wider carbon neutrality goal, a regulatory requirement, or a longer term target, you can also explain this here.
Note for oil and gas and coal sector:
- If you have a methane-specific emissions reduction target that was not reported in C4.1a/b, provide details of your methane-specific emissions reduction target in this question by selecting “Methane reduction target” in column 5.
Emissions reduction initiatives
(C4.3) Did you have emissions reduction initiatives that were active within the reporting year? Note that this can include those in the planning and/or implementation phases.
Change from 2019
No change
Rationale
The answer to this question enables CDP data users to understand your organization’s commitment to reducing emissions beyond business-as-usual scenario (beyond standard maintenance/replacement activities).
Connection to other frameworks
SDG
Goal 7: Affordable and clean energy
Goal 13: Climate action
Response options
Select one of the following options:
Requested content
General
- It is acknowledged that maintenance activities can have a beneficial impact on carbon emissions. Only activities that have either been part of a defined program of emissions reduction activities or where additional investment beyond standard maintenance/replacement has been made for the purposes of reducing emissions should be reported here.
- It is acknowledged that diverse companies often have large number of emissions reduction initiatives operating over varying time periods and scales. You should answer this question in the context of the reporting year. This could include initiatives that have become operational within the reporting year (e.g. installation of new equipment, or instigation of new operational practices) or commitments that have been made in the reporting year (e.g. investments made which are yet to become fully operational).
- If you are reporting a market-based Scope 2 figure, you can reflect any renewable energy purchasing policies as a component of emissions reduction activities. Please bear in mind, however, that if you are already buying renewable energy instruments and accounting for them at a zero emissions factor, then emissions reduction activities can only be achieved as “additional purchases” to what you are already doing. Therefore, emissions reduction activities are established by comparing what you have done in the previous year and what you are proposing to do in the future.
- Measures taken to reduce Scope 3 emissions may be reported here.
- Initiatives do not need to relate to specific targets reported in C4.1a/b.
(C4.3b) Provide details on the initiatives implemented in the reporting year in the table below.
Question dependencies
This question only appears if you select “Yes” in response to C4.3.
Change from 2019
Modified question
Rationale
CDP data users are interested in understanding how you are making progress towards your emissions reduction targets, as well as other emissions-reducing actions undertaken in the reporting year.
Connection to other frameworks
SDG
Goal 7: Affordable and clean energy
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.
Initiative category
|
Initiative type
|
Estimated annual CO2e savings (metric tons CO2e)
|
Scope(s)
|
Voluntary/ Mandatory
|
Annual monetary savings (unit currency – as specified in C0.4)
|
Investment required (unit currency – as specified in C0.4)
|
Payback period
|
Estimated lifetime of the initiative
|
Comment
|
Select from:
- Energy efficiency in buildings
- Energy efficiency in production processes
- Waste reduction and material circularity
- Fugitive emissions reductions
- Low-carbon energy consumption
- Low-carbon energy generation
- Non-energy industrial process emissions reductions
- Company policy or behavioral change
- Transportation
- Other, please specify
|
Select from drop-down options below
|
Numerical field [enter a number from 0-999,999,999,999 using a maximum of 2 decimal places and no commas]
|
Select all that apply:
- Scope 1
- Scope 2 (location-based)
- Scope 2 (market-based)
- Scope 3
|
Select from:
|
Numerical field [enter a number from 0-999,999,999,999,999 using no decimal places, and no commas]
|
Numerical field [enter a number from 0-999,999,999,999,999 using no decimal places, and no commas]
|
Select from:
- <1 year
- 1-3 years
- 4-10 years
- 11-15 years
- 16-20 years
- 21-25 years
- >25 years
- No payback
|
Select from:
- <1 year
- 1-2 years
- 3-5 years
- 6-10 years
- 11-15 years
- 16-20 years
- 21-30 years
- >30 years
- Ongoing
|
Text field [maximum 1,500 characters]
|
[Add Row]
Initiative type drop-down options:
Select one of the following options
Energy efficiency in buildings
- Insulation
- Maintenance program
- Draught proofing
- Solar shading
- Building Energy Management Systems (BEMS)
- Heating, Ventilation and Air Conditioning (HVAC)
- Lighting
- Motors and drives
- Combined heat and power (cogeneration)
- Other, please specify
Energy efficiency in production processes
- Waste heat recovery
- Cooling technology
- Process optimization
- Fuel switch
- Compressed air
- Combined heat and power (cogeneration)
- Wastewater treatment
- Reuse of water
- Reuse of steam
- Machine/equipment replacement
- Automation
- Electrification
- Smart control system
- Motors and drives
- Product or service design
- Other, please specify
Waste reduction and material circularity
- Waste reduction
- Product or service design
- Product/component/material reuse
- Product/component/material recycling
- Remanufacturing
- Other, please specify
Fugitive emissions reductions
- Agricultural methane capture
- Agricultural nitrous oxide reduction
- Landfill methane capture
- Oil/natural gas methane leak capture/prevention
- Refrigerant leakage reduction
- Carbon capture and storage/utilization (CCS/U)
- Other, please specify
|
Low-carbon energy consumption
- Solid biofuels
- Liquid biofuels
- Biogas
- Geothermal
- Hydropower
- Solar heating and cooling
- Solar PV
- Solar CSP
- Nuclear
- Wind
- Tidal
- Wave
- Fossil fuel plant fitted with CCS
- Low-carbon electricity mix
- Other, please specify
Low-carbon energy generation
- Solid biofuels
- Liquid biofuels
- Biogas
- Geothermal
- Hydropower
- Nuclear
- Solar heating and cooling
- Solar PV
- Solar CSP
- Wind
- Tidal
- Wave
- Fossil fuel plant fitted with CCS
- Other, please specify
Non-energy industrial process emissions reductions
- Process equipment replacement
- Process material substitution
- Process material efficiency
- Carbon capture and storage/utilization (CCS/U)
- Other, please specify
Company policy or behavioral change
- Supplier engagement
- Customer engagement
- Site consolidation/closure
- Change in procurement practices
- Resource efficiency
- Waste management
- Other, please specify
Transportation
- Business travel policy
- Teleworking
- Employee commuting
- Company fleet vehicle replacement
- Company fleet vehicle efficiency
- Other, please specify
|
Requested content
General
- Companies are asked to provide information on any emissions reduction initiatives made.
- There is no need to record every action – initiatives can be recorded on a programmatic level. Companies with large numbers of initiatives should prioritize those that have the potential to provide a meaningful contribution to emissions reductions.
- It is acknowledged that maintenance activities can have a beneficial impact on carbon emissions. Only those activities that have either been part of a defined program of emissions reduction initiatives or where additional investment beyond standard maintenance/replacement has been made for the purposes of reducing emissions should be reported here.
- Where initiatives are part of routine maintenance or necessary equipment replacement (e.g. necessary replacement of equipment that has an additional benefit in emissions reduction), enter the additional (premium) costs and additional monetary savings associated with the lower emissions model (if applicable).
- It should be noted that not all emissions reduction initiatives carry with them a significant cost – many initiatives, such as resource efficiency, have fairly negligible investment costs yet offer potentially high monetary savings. These initiatives should be included in the table, with the minimal investment required reflected in the “Investment required” column, and by selecting the payback of less than a year option (if this is the case).
Initiative category (column 1)
- Select the option from the drop-down list that best describes the initiative. Note that these are broad categories only, with more detailed options provided in the “Initiative type” column.
- Energy efficiency in buildings – Select this option for all energy efficiency initiatives relating to buildings, including those relating to the building fabric (e.g. insulation, draught-proofing, etc.) and those relating to building services (e.g. HVAC, BEMS etc.)
- Energy efficiency in production processes – Select this option for all energy efficiency initiatives relating to processes (e.g. waste heat recovery, process optimization, compressed air, combined heat and power, automation, smart control systems, product/service design to improve energy efficiency etc.)
- Waste reduction and material circularity – Select this option for circular economy and waste reduction initiatives (e.g. reuse, recycling, remanufacturing, product/service design to reduce waste etc.).
- Fugitive emissions reductions – Select this option for initiatives to reduce fugitive emissions (e.g. methane capture, agricultural nitrous oxide reductions, refrigerant leakage reduction etc.)
- Low-carbon energy consumption – Select this option for emissions reduction initiatives relating to increasing low-carbon energy consumption i.e. energy from renewable sources, nuclear plants and fossil-fuel plants fitted with carbon capture and storage. Note that if increasing low carbon energy consumption has been a component of your emissions reduction initiatives please also report the other accompanying information in C6.2,C6.3, C7.5 and C8.2e and read the information provided in the worked example of green power accounting.
- Low-carbon energy generation – Select this option for initiatives relating to the installation of low-carbon energy generating facilities (renewable, nuclear or fossil-fuel plants fitted with carbon capture and storage) at your own site or at others on behalf of your clients.
- Non-energy industrial process emissions reductions – Select this option only for initiatives to reduce emissions from industrial production processes which chemically or physically transform materials (e.g. CO2 from the calcinations step in cement manufacturing, CO2 from catalytic cracking in petrochemical processing, PFC emissions from aluminum smelting etc.)
- Company policy or behavioral change – Select this option for initiatives relating to a change in company policy (e.g. value chain engagement, a new procurement policy) or an organizational behavioral change (e.g. resource efficiency improvements such as reducing paper use, waste management improvements such as reducing food waste etc.). Note that changes in company transportation policies should not be reported here but under the initiative category “Transportation”
- Transportation – Select this option for initiatives relating to employee travel and commuting and the company fleet.
- Other, please specify – If none of the listed categories are applicable to your initiative, select this option and specify the initiative.
- Note that a selection must be made for both column 1 and column 2. Your data will not be saved if either column is left blank.
Initiative type (column 2)
- Select the type of initiative you have undertaken from the drop-down options provided. Note that only initiative types relative to the initiative category selected in the previous column will be displayed in the ORS.
- If none of the provided options are applicable to your initiative, select “Other, please specify” and provide details of the initiative type.
- Note that a selection must be made for both column 1 and column 2. Your data will not be saved if either column is left blank.
Estimated annual CO2e savings (metric tons CO2e) (column 3)
- Enter the expected annual CO2e savings in all emission Scopes, in metric tons, occurring with the initiative in place. It is acknowledged that this figure is likely to be an estimate.
- Where savings occur on a non-annual basis, average the savings so that an annual figure can be provided.
- Where the initiative has not been in place for the entire reporting period, estimate and report the emissions that would be saved in a 12-month period, so that an annual figure can be provided.
Scope(s) (column 4)
- Select the Scope(s) where the emission reductions are expected to occur.
- If the initiative covers multiple Scopes, select all Scopes where emissions reductions are expected to occur.
- If you select Scope 3, specify the Scope 3 category(-ies) in the “Comment” column.
Voluntary/Mandatory (column 5)
- Select whether the initiative is mandatory (i.e. to comply with regulation), or a voluntary initiative.
Annual monetary savings (unit currency – as specified in C0.4) (column 6)
- Enter the amount of monetary savings per year expected from the initiative (e.g. in reduced energy costs) once it is fully operational.
- The number entered should be appropriate to the currency selected in C0.4.
- Where savings occur on a non-annual basis, please average out so that an annual figure can be provided.
Investment required (unit currency – as specified in C0.4) (column 7)
- Enter the total investment required for the initiative over its lifetime.
- The number entered should be appropriate to the currency selected in question C0.4.
Payback period (column 8)
- The payback period reflects the time it takes for the investment made to be offset by the monetary savings from the initiative (Payback Period = Investment/Annual monetary savings).
- The payback period is not applicable (therefore select "No payback") if:
- the initiative does not require any investment and you have entered 0 (zero) in column 7 (Investment required (unit currency, as specified in C0.4)) AND/OR
- the initiative does not bring any monetary savings and you have entered 0 (zero) in column 6 (Annual monetary savings (unit currency – as specified in C0.4))
Estimated lifetime of the initiative (column 9)
- This column refers to the duration of cash flow savings from carbon mitigation investments. This data point, in years, allows data users to calculate the Internal Rate of Return of the project, also using the “Annual monetary savings,” “Investment required” and “Payback period” information.
- If you have multiple emissions reduction initiatives for each initiative type, select the median to answer this column.
Note for electric utility sector companies:
- For electric utilities, emissions reduction initiatives may include fuel switching at existing plants or investment in lower-emitting methods of generation. Please disclose this information if applicable.
Note for agricultural sector companies:
- Agricultural sector companies are specifically asked to report on initiatives implemented to reduce emissions from agricultural/forestry, processing/manufacturing activities. E.g.:
- Adoption of low impact agriculture/forestry practices
- Increased efficiency of energy use during manufacturing
- Reduced fleet use of fossil fuels or increased use of renewable fuels in transportation
Explanation of terms
- Building energy management system (BEMS): An integrated system comprising hardware, software, and services that leverage information and communication technology for monitoring, automating, and controlling energy consumption. Examples include smart meters and smart billing, data analytics, performance optimization and others.
- Low-carbon energy: In line with the IEA definition, low-carbon technologies are technologies that produce low – or zero – greenhouse-gas emissions while operating. In the power sector this includes fossil-fuel plants fitted with carbon capture and storage, nuclear plants and renewable-based generation technologies. Natural gas, combined cycle gas turbine and fossil fuel-based combined heat and power (cogeneration), despite being less carbon intensive than other means of electricity production like coal, are not considered low-carbon.
- Renewable energy: CDP follows the definition of renewable energy given in the GHG Protocol, i.e. “energy taken from sources that are inexhaustible, e.g. wind, water, solar, geothermal energy and biofuels.”
- Process emissions: emissions from industrial production processes which chemically or physically transform materials (e.g. CO2 from the calcinations step in cement manufacturing, CO2 from catalytic cracking in petrochemical processing, PFC emissions from aluminum smelting, etc.)
(C4.3d) Why did you not have any emissions reduction initiatives active during the reporting year?
Question dependencies
This question only appears if you select “No” in response to C4.3.
Change from 2019
No change
Rationale
Emissions reduction initiatives are crucial to meeting emissions targets and reducing negative environmental impacts. CDP data users need to know why you do not engage in the best practice of actively reducing your emissions.
Response options
This is an open text question with a limit of 5,000 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Requested content
General
- Provide a company-specific explanation as to why you do not have any emissions reduction initiatives active in the reporting year, and if you have any plans to implement them in the future. If you plan to implement emissions reduction initiatives in the future, estimate a timeframe of when you will begin to implement them.
- If you do not have emissions reduction initiatives active in the reporting year because you have not identified any, provide more information regarding your process for identifying potential initiatives. E.g. if you investigated an area of organizational activities but the investigation did not result in potential initiatives, provide information on your investigations and explain why emissions reduction initiatives did not come to fruition.
C5 Emissions methodology
Module Overview
A meaningful and consistent comparison of emissions over time is essential for managing climate-related issues. This module allows companies to provide the base year and base year emissions figure and provide details of the standard, protocol, or methodology used to collect activity data and calculate emissions.
Key changes
- No key changes.
- Click here for a list of all changes made this year.
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C5 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Emissions methodology
(C5.2) Select the name of the standard, protocol, or methodology you have used to collect activity data and calculate emissions.
Change from 2019
Minor change
Rationale
CDP data users need to understand what methods have been used to calculate emissions.
Response options
Select all that apply from the following options:
- ABI Energia Linee Guida
- Act on the Rational Use of Energy
- American Petroleum Institute Compendium of Greenhouse Gas Emissions Methodologies for the Oil and Natural Gas Industry, 2009
- Australia - National Greenhouse and Energy Reporting Act
- Bilan Carbone
- Brazil GHG Protocol Programme
- Canadian Association of Petroleum Producers, Calculating Greenhouse Gas Emissions, 2003
- China Corporate Energy Conservation and GHG Management Programme
- Defra Voluntary Environmental Reporting Guidelines: Including streamlined energy and carbon reporting guidance, 2019
- ENCORD: Construction CO2e Measurement Protocol
- Energy Information Administration 1605(b)
- Environment Canada, Sulphur hexafluoride (SF6) Emission Estimation and Reporting Protocol for Electric Utilities
- Environment Canada, Aluminum Production, Guidance Manual for Estimating Greenhouse Gas Emissions
- Environment Canada, Base Metals Smelting/Refining, Guidance Manual for Estimating Greenhouse Gas Emissions
- Environment Canada, Cement Production, Guidance Manual for Estimating Greenhouse Gas Emissions
- Environment Canada, Primary Iron and Steel Production, Guidance Manual for Estimating Greenhouse Gas Emissions
- Environment Canada, Lime Production, Guidance Manual for Estimating Greenhouse Gas Emissions
- Environment Canada, Primary Magnesium Production and Casting, Guidance Manual for Estimating Greenhouse Gas Emissions
- Environment Canada, Metal Mining, Guidance Manual for Estimating Greenhouse Gas Emissions
- EPRA (European Public Real Estate Association) guidelines, 2011
- EPRA (European Public Real Estate Association) Sustainability Best Practice recommendations Guidelines, 2017
- European Union Emission Trading System (EU ETS): The Monitoring and Reporting Regulation (MMR) – General guidance for installations
- European Union Emissions Trading System (EU ETS): The Monitoring and Reporting Regulation (MMR) – General guidance for aircraft operators
- French methodology for greenhouse gas emissions assessments by companies V4 (ADEME 2016)
- Hong Kong Environmental Protection Department, Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings, 2010
- ICLEI Local Government GHG Protocol
- IEA CO2 Emissions from Fuel Combustion
- India GHG Inventory Programme
- International Wine Industry Greenhouse Gas Protocol and Accounting Tool
- IPCC Guidelines for National Greenhouse Gas Inventories, 2006
- IPIECA's Petroleum Industry Guidelines for reporting GHG emissions, 2003
- IPIECA’s Petroleum Industry Guidelines for reporting GHG emissions, 2nd edition, 2011
- ISO 14064-1
- Japan Ministry of the Environment, Law Concerning the Promotion of the Measures to Cope with Global Warming, Superseded by Revision of the Act on Promotion of Global Warming Countermeasures (2005 Amendment)
- Korea GHG and Energy Target Management System Operating Guidelines
- New Zealand - Guidance for Voluntary, Corporate Greenhouse Gas Reporting
- Philippine Greenhouse Gas Accounting and Reporting Programme (PhilGARP)
- Programa GEI Mexico
- Recommendations for reporting significant indirect emissions under Article 173-IV (ADEME 2018)
- Regional Greenhouse Gas Initiative (RGGI) Model Rule
- Smart Freight Centre: GLEC Framework for Logistics Emissions Methodologies
- Taiwan - GHG Reduction Act
- Thailand Greenhouse Gas Management Organization: The National Guideline Carbon Footprint for organization
- The Climate Registry: Electric Power Sector (EPS) Protocol
- The Climate Registry: General Reporting Protocol
- The Climate Registry: Local Government Operations (LGO) Protocol
- The Climate Registry: Oil & Gas Protocol
- The Cool Farm Tool
- The GHG Indicator: UNEP Guidelines for Calculating Greenhouse Gas Emissions for Businesses and Non-Commercial Organizations
- The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition)
- The Greenhouse Gas Protocol Agricultural Guidance: Interpreting the Corporate Accounting and Reporting Standard for the Agricultural Sector
- The Greenhouse Gas Protocol: Public Sector Standard
- The Greenhouse Gas Protocol: Scope 2 Guidance
- The Tokyo Cap-and Trade Program
- Toitū carbonreduce programme
- Toitū carbonzero programme
- US EPA Center for Corporate Climate Leadership: Direct Fugitive Emissions from Refrigeration, Air Conditioning, Fire Suppression, and Industrial Gases
- US EPA Center for Corporate Climate Leadership: Indirect Emissions From Events and Conferences
- US EPA Center for Corporate Climate Leadership: Indirect Emissions From Purchased Electricity
- US EPA Center for Corporate Climate Leadership: Direct Emissions from Stationary Combustion Sources
- US EPA Center for Corporate Climate Leadership: Direct Emissions from Mobile Combustion Sources
- US EPA Mandatory Greenhouse Gas Reporting Rule
- US EPA Emissions & Generation Resource Integrated Database (eGRID)
- VfU (Verein fur Umweltmanagement) Indicators Standard
- WBCSD: The Cement CO2 and Energy Protocol
- World Steel Association CO2 emissions data collection guidelines
- Other, please specify
Requested content
General
- There are a variety of standards, methodologies, and protocols available for collecting and reporting GHG data, but the large majority of companies refer to the GHG Protocol.
- The appropriateness of an emissions calculation methodology should be determined on a case-by-case basis, and it is good practice for the methods used to estimate emissions and the underlying data to be externally verified.
- CDP makes no judgments on standards or methodologies applied by companies to produce their inventories. However, we expect that any tool used will follow the best practice and observe important aspects such as the accuracy and completeness principles of standards similar to the GHG Protocol. CDP encourages companies to use the GHG Protocol Corporate Standard when national standards are not specified.
- If the methodology you have used is not listed, or if you have used a combination of methodologies, select “Other, please specify;” and indicate the methodology/combination used.” You may provide more details C5.2a.
(C5.2a) Provide details of the standard, protocol, or methodology you have used to collect activity data and calculate emissions.
Question dependencies
This question only appears if you select “Other, please specify” in response to C5.2.
Change from 2019
Minor change
Rationale
CDP data users need to understand what methods have been used to calculate emissions.
Response options
This is an open text question with a limit of 5,000 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Requested content
General
- Describe the methodology(ies) you used to collect activity data and calculate your emissions, including any not listed in C5.2.
C6 Emissions data
Module Overview
Reporting emissions is best practice and a prerequisite to understanding and reducing negative environmental impacts.
This module examines emissions data details and is aligned with TCFD Metrics & Targets recommended disclosure b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.
Key changes
- New questions for the capital goods, real estate and construction sectors: C-CG6.6, C-CG6.6a, C-CN6.6/C-RE6.6, C-CN6.6a/C-RE6.6a, C-CN6.6b/C-RE6.6b and C-CN6.6c/C-RE6.6c on life cycle emissions assessment.
- Click here for a list of all changes made this year.
For the financial services sector only:
- Two questions removed: C6.7 and C6.7a.
- Modified question: C6.5 – “Investments” row removed.
Sector-specific content
Additional questions on emission intensity metrics for the following high-impact sectors:
- Oil & gas
- Cement
- Steel
- Transport services
Additional questions on Scope 3 emissions, biogenic carbon and agricultural commodities emissions for the following high-impact sectors:
- Agricultural commodities
- Food, beverage and tobacco
- Paper and forestry
Additional questions on life cycle emissions assessment for the following high-impact sectors
- Capital goods
- Construction
- Real estate
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C6 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Scope 1 emissions data
(C6.1) What were your organization’s gross global Scope 1 emissions in metric tons CO2e?
Change from 2019
No change
Rationale
Reporting emissions is best practice and a prerequisite to understanding and reducing negative environmental impacts. CDP asks this question to ensure companies are measuring their carbon footprints from direct emissions.
Connection to other frameworks
TCFD
Metrics & Targets recommended disclosure b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.
SDG
Goal 13: Climate action
Response options
Please complete the following table:
Year
|
Gross global Scope 1 emissions (metric tons CO2e)
|
Start date
|
End date
|
Comment
|
Reporting year
|
Numerical field [enter a range of 0-999,999,999,999 using a maximum of 3 decimal places and no commas]
|
[This cell is not seen in ORS]
|
[This cell is not seen in ORS]
|
Text field [maximum 2,400 characters]
|
Past year 1 [Only ‘appears’ if 1 year or 2 years or 3 years is selected in column 4 of C0.2]
|
Numerical field [enter a range of 0-999,999,999,999 using a maximum of 3 decimal places and no commas]
|
From: [DD/MM/YYYY]
|
To: [DD/MM/YYYY]
|
Text field [maximum 2,400 characters]
|
Past year 2 [Only ‘appears’ if 2 years or 3 years is selected in column 4 of C0.2]
|
Numerical field [enter a range of 0-999,999,999,999 using a maximum of 3 decimal places and no commas]
|
From: [DD/MM/YYYY]
|
To: [DD/MM/YYYY]
|
Text field [maximum 2,400 characters]
|
Past year 3 [Only ‘appears’ if 3 years is selected in column 4 of C0.2]
|
Numerical field [enter a range of 0-999,999,999,999 using a maximum of 3 decimal places and no commas]
|
From: [DD/MM/YYYY]
|
To: [DD/MM/YYYY]
|
Text field [maximum 2,400 characters]
|
Requested content
General
- Emissions must be reported in gross, not net figures. Therefore, negative numbers are not allowed.
- Putting in zero suggests that you have measured your emissions and that they are equal to zero.
- Gross emissions are requested so that data users can account for GHG emissions from sources owned or controlled by your organization before any reductions for offsets are made, as per the GHG Protocol Corporate Standard. This transparency is meant to provide users with the most accurate portrayal of the emissions created within your company's boundary.
- Scope 1 emissions should be reported in metric tons of CO2e. Common conversion factors are included in the Technical Note "Units of Measure Conversions".
- Special requirements for carbon sequestration, captured & stored and transferred CO2, transfer in – transfer out, and enhanced oil recovery are explained in the Technical Note "Special conditions for reporting Scope 1 emissions".
- Emissions estimates are acceptable, as long as there is transparency with regards to the estimation approach (what is estimated and how) and the data used for the analysis is adequate to support the objectives of the inventory. If applicable to your organization's reporting of Scope 1 emissions, please outline this in the comment column.
Note for first-time responders
- If you are a first-time responder, please provide gross global Scope 1 emissions data for the current reporting year and the three years prior to the current reporting year.
- Please input the gross global Scope 1 emissions data for the current reporting year in the first row and work backwards from the current reporting year.
- Please ensure that the reporting period represents only one full year that has already passed. Reporting periods should not be in the future. This information is important for others to understand the time dimension of your disclosure.
- Use the comment column to report relevant information regarding your organization's past Scope 1 emissions data.
Note for restatements
- If you have chosen to restate your organization's gross global Scope 1 emissions data previously supplied to CDP by adding additional reporting years to C0.2, you may do so here.
- Reporting recalculated figures for these years is optional.
- All years Scope 1 emissions data needs to be entered in reverse order, with the current reporting year first, i.e. you should first input the current reporting year emissions data and work backwards from the most recent reporting year.
- Please ensure that the reporting period represents only one full year that has already passed. Reporting periods should not be in the future. This information is important for others to understand the time dimension of your disclosure.
- Use the comment column to identify that this is restated data and the reason for the restatement.
- For more information on restatements see CDP’s technical note on restatements here.
Note on biogas:
- Carbon dioxide emitted from the combustion of biomass/biofuel or fermentation should not be included in your response to question C6.1 but instead should be reported in C6.7. This applies to self-generated biogas.
- When gas is sourced from a shared pipeline network with multiple sources including both renewable and non-renewable sources, certificates are required to demonstrate the renewable origin of gas (i.e. “certified biogas”). To make a renewable electricity usage claim on electricity generated onsite from gas the following conditions need to be met:
- The company combusts gas sourced from a shared gas pipeline network to produce electricity;
- It also owns or purchases green gas certificates that originated from one of the gas producers on the pipeline network – these need not necessarily be purchased directly from the biogas producers;
- The company permanently retains the environmental attributes of the electricity generation, including any energy attribute certificates (e.g. RECs in the U.S.) for the electricity generated.
- If the company uses biogas that is sourced from a dedicated pipeline and the source is renewable, then they do not need certificates to prove the renewable origin.
- CDP does not have specific requirements or recommendations for biogas certification. Certified biogas is defined as a contractual instrument that meets the Scope 2 Quality Criteria in GHG Protocol Scope 2 Guidance. For more information on this refer to CDP Technical Note: Accounting of Scope 2 emissions.
Note for agricultural sector companies:
- Direct emissions from agricultural/forestry, processing/manufacturing and/or distribution activities should be reported as part of Scope 1 emissions in this question.
Explanation of terms
- Biogas: A gas derived principally from the anaerobic fermentation of biomass and solid wastes and combusted to produce heat and/or power. Included in this category are landfill gas and sludge gas (sewage gas and gas from animal slurries) and other biogas.
Scope 2 emissions reporting
(C6.2) Describe your organization's approach to reporting Scope 2 emissions.
Change from 2019
No change
Rationale
The purpose of this question is to allow companies to disclose their approach to calculating their Scope 2 emissions. This is particularly relevant when considering market-based Scope 2 emissions, as it is important to differentiate between companies that have not reported a market-based figure as they do not have operations where there are those contractual instruments, and those companies that do have operations where there are contractual instruments but have chosen not to disclose a market-based figure. CDP asks this question to enable accurate comparability across companies.
Connection to other frameworks
SDG
Goal 13: Climate action
Response options
Please complete the following table:
Scope 2, location-based
|
Scope 2, market-based
|
Comment
|
Select from:
- We are reporting a Scope 2, location-based figure
- We are not reporting a Scope 2, location-based figure
|
Select from:
- We are reporting a Scope 2, market-based figure
- We have no operations where we are able to access electricity supplier emission factors or residual emission factors, and are unable to report a Scope 2, market-based figure
- We have operations where we are able to access electricity supplier emission factors or residual emissions factors, but are unable to report a Scope 2, market-based figure
|
Text field [maximum 2,400 characters]
|
Requested content
General
- The GHG Protocol Scope 2 Guidance was published in January 2015. Part of the requirements of the guidance is that companies shall account for their Scope 2 emissions using two methodologies: a location-based method and a market-based method. The market-based method is for those companies who have any operations in markets providing product- or supplier-specific data in the form of contractual instruments. If this is not applicable to your company, you only need to provide one location-based figure.
- Per the GHG Protocol Corporate Standard, a contractual instrument is “any type of contract between two parties for the sale and purchase of energy bundled with attributes about the energy generation, or for unbundled attribute claims.” Different markets will have different contractual instruments, which can include energy attribute certificates, direct contracts such as PPAs, and supplier-specific emission rates.
- It is important to consider the definition of contractual instruments when determining whether your company needs to calculate a market-based figure. If your company can access emissions factors from your energy supplier for any of your operations, you are required to calculate and report a market-based figure. Therefore, when responding to this question, if you do have operations where there are contracts such as RECs and Guarantees of Origin, supplier specific emissions factors, or a residual emissions factor such as in the US and Europe – regardless of whether or not you purchase them – then you should not select “We have no operations where we are able to access electricity supplier emissions factors or residual emissions factors and are unable to report a Scope 2, market-based figure”. For full details please view the GHG Protocol Scope 2 Guidance. You can also reference CDP’s Technical Note on Accounting of Scope 2 emissions
Scope 2 emissions data
(C6.3) What were your organization's gross global Scope 2 emissions in metric tons CO2e?
Change from 2019
No change
Rationale
Reporting emissions is best practice and a pre-requisite to understanding and reducing negative environmental impacts. CDP asks this question to ensure companies are measuring emissions from purchased or acquired electricity, steam, heat, and cooling.
Connection to other frameworks
TCFD
Metrics & Targets recommended disclosure b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.
Response options
Please complete the following table:
Year |
Scope 2, location-based
|
Scope 2, market-based (if applicable)
|
Start date
|
End date
|
Comment
|
Reporting year
|
Numerical field [enter a range of 0-99,999,999,999 using a maximum of 3 decimal places and no commas]
|
Numerical field [enter a range of 0-99,999,999,999 using a maximum of 3 decimal places and no commas]
|
[This cell is not seen in ORS] |
[This cell is not seen in ORS] |
Text field [maximum 2,400 characters]
|
Past year 1 [Only ‘appears’ if 1 year or 2 years or 3 years is selected in column 4 of C0.2]
|
Numerical field [enter a range of 0-99,999,999,999 using a maximum of 3 decimal places and no commas]
|
Numerical field [enter a range of 0-99,999,999,999 using a maximum of 3 decimal places and no commas]
|
From: [DD/MM/YYYY]
|
To: [DD/MM/YYYY]
|
Text field [maximum 2,400 characters]
|
Past year 2 [Only ‘appears’ if 2 years or 3 years is selected in column 4 of C0.2]
|
Numerical field [enter a range of 0-99,999,999,999 using a maximum of 3 decimal places and no commas]
|
Numerical field [enter a range of 0-99,999,999,999 using a maximum of 3 decimal places and no commas]
|
From: [DD/MM/YYYY]
|
To: [DD/MM/YYYY]
|
Text field [maximum 2,400 characters]
|
Past year 3 [Only ‘appears’ if 3 years is selected in column 4 of C0.2]
|
Numerical field [enter a range of 0-99,999,999,999 using a maximum of 3 decimal places and no commas]
|
Numerical field [enter a range of 0-99,999,999,999 using a maximum of 3 decimal places and no commas]
|
From: [DD/MM/YYYY]
|
To: [DD/MM/YYYY]
|
Text field [maximum 2,400 characters]
|
Requested content
General
- Negative numbers are not allowed as reporting needs to be gross, not net figures. If you answered in C6.2 that you are not reporting a Scope 2 location-based figure and/or you answered that you are unable to report a Scope 2 market-based figure, please leave the corresponding column(s) in C6.3 blank.
- Putting in zero would suggest that you have measured your emissions and that they are equal to zero.
- Emissions estimates are acceptable, as long as there is transparency with regards to the estimation approach (what is estimated and how) and the data used for the analysis is adequate to support the objectives of the inventory.
- For more information about CDP’s current recommendations on what emission factor to use for electricity accounting, where you can find emission factors and the different types there are, please check the Technical Note“Accounting of Scope 2 emissions.” Please also note that electricity produced by either CH4 or N2O is to be included in the emission factor.
- For further information, please also see GHG Protocol Scope 2 Guidance.
- For more detailed information beyond what is provided in this guidance and technical annexes, consult your electricity suppliers, carbon advisor, or verifier/assurer.
Note for first-time responders
- If you are a first-time responder, please provide gross global Scope 2 emissions data for the current reporting year and the three years prior to the current reporting year.
- Please input the gross global Scope 2 emissions data for the current reporting year in the first row and work backwards from the current reporting year.
- Please ensure that the reporting period represents only one full year that has already passed. Reporting periods should not be in the future. This information is important for others to understand the time dimension of your disclosure.
- Use the comment column to report relevant information regarding your organization's past Scope 2 emissions data.
Note for restatements
- If you have chosen to restate your organization’s gross global Scope 2 emissions data previously supplied to CDP by adding additional reporting years to C0.2, you may do so here.
- Reporting recalculated figures for these years is optional.
- All years Scope 2 emissions data needs to be entered in reverse order, with the current reporting year first, i.e. you should first input the current reporting year emissions data and work backwards from the most recent reporting year.
- Please ensure that the reporting period represents only one full year that has already passed. Reporting periods should not be in the future. This information is important for others to understand the time dimension of your disclosure.
- Use the comment column to identify that this is restated data and the reason for the restatement.
- For more information on restatements, see CDP’s technical note on restatements here.
Note for agricultural sector companies:
- Scope 2 emissions from the use of electricity for agricultural/forestry, processing/manufacturing and/or distribution activities should be reported as Scope 2 emissions here.
Explanation of terms
-
Electricity: In line with GHG Protocol, this term is used as shorthand for electricity, steam, and heating/cooling. Purchased electricity is defined as electricity that is purchased or otherwise brought into the organizational boundary of the company. Scope 2 emissions physically occur at the facility where electricity is generated.
Additional information
- Scope 2 emissions: In many industries, indirect GHG emissions mostly occur from the generation of purchased electricity (and purchased heat, steam and cooling) consumed by the company, as per the GHG Protocol Corporate Standard. Non-energy-intensive companies are likely to have significantly higher Scope 2 figures than Scope 1 figures. The GHG Protocol highlights that “accounting for Scope 2 emissions allows companies to assess the risks and opportunities associated with changing electricity and GHG emissions cost.”
Scope 3 emissions data
(C6.5) Account for your organization’s gross global Scope 3 emissions, disclosing and explaining any exclusions.
Change from 2019
Minor change; Modified question for FS sector only
Rationale
For most companies, the majority of emissions occur in the supply chain. CDP asks this question to gauge the thoroughness of companies’ accounting processes and to understand how companies are analyzing their emissions footprints.
Connection to other frameworks
TCFD
Metrics & Targets recommended disclosure b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.
SDG
Goal 12: Responsible consumption and production
Goal 13: Climate action
2018 RobecoSAM Corporate Sustainability Assessment (DJSI)
Scope 3
Response options
Please complete the following table:
Scope 3 category |
Evaluation status
|
Metric tons CO2e
|
Emissions calculation methodology
|
Percentage of emissions calculated using data obtained from suppliers or value chain partners
|
Please explain |
Purchased goods and services
|
Select from:
- Relevant, calculated
- Relevant, not yet calculated
- Not relevant, calculated
- Not relevant, explanation provided
- Not evaluated
|
Numerical field [enter a number from 0-999,999,999,999 using a maximum of 3 decimal places and no commas]
|
Text field [maximum 2,400 characters]
|
Numerical field [enter a number from 0-100 using a maximum of 2 decimal places and no commas]
|
Text field [maximum 2,400 characters]
|
Capital goods
|
|
|
|
|
|
Fuel-and-energy-related activities (not included in Scope 1 or 2)
|
|
|
|
|
|
Upstream transportation and distribution
|
|
|
|
|
|
Waste generated in operations
|
|
|
|
|
|
Business travel
|
|
|
|
|
|
Employee commuting
|
|
|
|
|
|
Upstream leased assets
|
|
|
|
|
|
Downstream transportation and distribution
|
|
|
|
|
|
Processing of sold products
|
|
|
|
|
|
Use of sold products
|
|
|
|
|
|
End of life treatment of sold products
|
|
|
|
|
|
Downstream leased assets
|
|
|
|
|
|
Franchises
|
|
|
|
|
|
Investments [row hidden for FS sector companies, data point requested in C-FS14.1a]
|
|
|
|
|
|
Other (upstream)
|
|
|
|
|
|
Other (downstream)
|
|
|
|
|
|
Requested content
General
- According to the GHG Protocol’s Corporate Value Chain (Scope 3) Accounting and Reporting Standard (page 107): “Any estimates of avoided
emissions must be reported separately from a company’s Scope 1, Scope 2, and
Scope 3 emissions, rather than included or deducted from the Scope 3
inventory”. In the context of your CDP response, you can provide information on
actions you take to reduce your Scope 3 emissions in question C4.3b on
emissions reduction initiatives.
- You should complete every row of the table (with the
exception of the last two rows “Other (upstream)” and “Other (downstream)”
which are optional), but not necessarily all columns.
- The columns that you need to complete in response to
question C6.5 will depend on your selection made in the “Evaluation status”
column and are summarized in the guidance below for column 2 “Evaluation
status”.
Scope 3 category (column 1)
- This column is already completed in the ORS and all
categories will appear. The categories of Scope 3 emissions have been taken
from the Greenhouse Gas Protocol’s
Corporate Value Chain (Scope 3) Accounting and Reporting Standard, published in September 2011. Companies should refer to
the standard for information on the emissions sources that each category
comprises and additional information on how to calculate these emissions.
Evaluation status (column 2)
This column should be completed for all Scope 3 categories,
with the exception of “Other (upstream)” and “Other (downstream)” – these two
rows should only be used if companies have a source of Scope 3 emissions that
is not provided in the categories above. The evaluation status includes two
components: whether a Scope 3 category is relevant to your business and whether
you have calculated the emissions in that category. Relevance should be determined
with reference to the GHG Protocol Scope 3 standard – see
Additional
Information for the Scope 3 relevance criteria
. Select from:
- Relevant, calculated - Select this option if the Scope 3
category is relevant to your business and you have calculated emissions from at
least part of this source.
- Relevant, not yet calculated - Select this option if you are
aware that the Scope 3 category is relevant to your business but you have not
yet calculated the emissions associated with it.
- Not relevant, calculated - Select this option if you know
that this source is not one of the most important for your business but as part
of your Scope 3 work, you have been able to calculate the emissions associated
with it.
- Not relevant, explanation provided - Select this option if
you have investigated this source of Scope 3 emissions and have been able to
determine that it is not relevant. This could be based on quantitative or
qualitative investigations.
- Not evaluated - Select this option if you have not yet
investigated this Scope 3 source and therefore do not know whether or not it is
relevant for your business.
Metric tons CO2e (column 3)
- Complete this column for all sources that you have
identified as “Relevant, calculated” or “Not relevant, calculated” in the
“Evaluation status” column. Enter the emissions appropriate to each source
identified in metric tons CO
2e, entering numbers only up to 99,999,999,999
without commas and up to two decimal places. Negative numbers are not allowed
as reporting needs to be gross, not net figures. Emission figures should be for
the reporting year only.
- Entering 0 implies that you have calculated emissions from this source and they are equal to zero.
Emissions calculation methodology (column 4)
- Complete this column for all sources that you have
identified as “Relevant, calculated” or “Not relevant, calculated” in the
“Evaluation status” column. Your response should include a short description of
the types and sources of data used to calculate emissions (e.g. activity data,
emission factors and GWP values), and a short description of the methodologies,
assumptions and allocation methods used to calculate emissions. Please use no
more than 2400 characters to complete this response.
Percentage of emissions calculated using data obtained from
suppliers or value chain partners (column 5)
- This column is optional for all sources that you have
identified as “Relevant, calculated” or “Not relevant, calculated” in the
“Evaluation status” column.
- Such data obtained from suppliers or value chain partners
may take the form of primary activity data, or emissions data calculated by
suppliers that are specific to suppliers’ activities. More information on this
can be found in Chapter 7, Collecting Data, of the GHG Protocol’s
Corporate Value Chain (Scope 3) Accounting and Reporting Standard.
Please explain (column 6)
- Complete this column for all sources that you have
identified as “Not relevant, explanation provided” in the “Evaluation status”
column. You should provide details of how you have reached the conclusion that
the source is not relevant and include any qualitative or quantitative
reasoning.
- If you wish to provide additional context to any of the
other rows in the table, including any exclusions within a source, or to
explain why emissions have decreased or increased, you can also do that in this
column.
Note for agricultural sector companies:
- Organizations reporting Scope 3 emissions data associated
with the transportation of raw materials should do so in this question.
Note for oil & gas and coal sector companies:
- CDP has produced sector-specific guidance for estimating
Scope 3 category 11 (use of sold products) emissions for the Oil & Gas and
Coal sectors.
Note for financial services sector companies:
- For financial services sector companies, Scope 3 Category 15 “Investments” emissions has been pulled out of question C6.5 and is requested to be disclosed in C-FS14.1a. As the majority of emissions occur in relation to financial products and services and/or investments, financed emissions, or Scope 3 Category 15 “Investments” emissions as defined by the GHG Protocol is the most relevant category to financial services organizations.
- Thus, Row 15 “Investments” is hidden in this question,
please disclose this in C-FS14.1a.
Note for real estate sector companies:
- For real estate companies, the categories that are likely to
be highly relevant and should always be evaluated are:
- Capital goods
- Use of sold products
- End-of-life treatment of sold products
- Downstream leased assets
- You may wish to refer to “Guide to Scope 3 Reporting in Commercial Real Estate” (UK Green Building Council, 2019) that has been
specifically developed to build consensus and promote common approaches to
reporting Scope 3 emissions. It aims to provide clarity on interpreting the GHG
Protocol for commercial real estate companies and enable consistency in
reporting across the sector.
Note for capital goods sector companies:
- For capital goods companies, the categories that are likely to be highly relevant and should always be evaluated are:
- Purchased goods and services
- Use of sold products
- End-of-life treatment of sold products
Additional information
- Scope 3 screening tool: To help facilitate the adoption of the Scope 3 Standard and assist companies in determining the relevance of Scope 3 emissions sources, the GHG Protocol, in collaboration with Quantis, have released a free Scope 3 screening tool. This tool asks a number of relatively simple questions to approximate your Scope 3 inventory, and can be used by companies of all sizes and all sectors. Please note that this tool is not a data collection tool and should only be used to make a first approximation of your Scope 3 emissions. Having used the tool to help determine the relevance of Scope 3 categories, companies should then develop more accurate approaches for categories shown to be a relevant source of emissions.
Emissions intensities
(C6.10) Describe your gross global combined Scope 1 and 2 emissions for the reporting year in metric tons CO2e per unit currency total revenue and provide any additional intensity metrics that are appropriate to your business operations.
Change from 2019
Modified guidance
Rationale
Intensity measures describe an organization’s CO2e emissions in the context of another business metric. In this way, the emissions are normalized to account for growth etc. Many companies and investors have historically tracked environmental performance with intensity ratios.
Connection to other frameworks
SDG
Goal 13: Climate action
Response options
Please complete the following table. It is requested that you first report your emissions intensity figure per unit of currency total revenue. You are able to add rows by using the “Add Row” button at the bottom of the table.
Intensity figure
|
Metric numerator (Gross global combined Scope 1 and 2 emissions, metric tons CO2e)
|
Metric denominator
|
Metric denominator: Unit total
|
Scope 2 figure used
|
% change from previous year
|
Direction of change
|
Reason for change
|
Numerical field [enter
a number from 0- 999,999,999,999 using a
maximum of 10 decimal places and no commas]
|
Numerical field [enter a number from 0-999,999,999,999 using a maximum of 2 decimal places and no commas]
|
Select from:
- unit total revenue
- barrel of oil equivalent (BOE)
- billion (currency) funds under management
- full time equivalent (FTE) employee
- kilometer
- liter of product
- megawatt hour generated (MWh)
- megawatt hour transmitted (MWh)
- metric ton of product
- ounce of gold
- ounce of platinum
- passenger kilometer
- room night produced
- square foot
- square meter
- metric ton of aggregate
- metric ton of aluminum
- metric ton of coal
- metric ton of ore processed
- metric ton of steel
- unit hour worked
- unit of production
- unit of service provided
- vehicle produced
- Other, please specify
|
Numerical field [enter a number from 0-999,999,999,999,999 using a maximum of 2 decimal places and no commas]
|
Select from:
- Location-based
- Market-based
|
Numerical field [enter
a number from 0-999 using a maximum of 2 decimal places]
|
Select from:
- Increased
- Decreased
- No change
|
Text field [maximum
2,400 characters]
|
[Add Row]
Requested content
General
- It is requested that you first report your emissions intensity figure per unit of currency total revenue and if applicable provide any additional intensity metrics that are appropriate to your business operations. The currency reported here should be the same one selected in C0.4. Emissions intensity per unit of revenue is one the most common and easy means to calculate emissions intensity, which is why it is requested that you provide this figure. However, this is not necessarily always the most appropriate to individual businesses and therefore you can also report an additional intensity or normalized metric that is most appropriate to your organization’s own operations.
- If you are a privately held organization, you may report whichever intensity is relevant for you. Please note that per unit of revenue is the preferred disclosure.
- If you did not disclose to CDP last year, or did not use this data point, please use last year’s inventory and financial data to provide a calculation of percentage change. If you did not measure your emissions last year, complete column 1 and explain why you do not have the data available in column 8.
Intensity figure (column 1)
- Intensity ratios express GHG impact per unit of physical activity or unit of economic output.
- Your intensity figure per unit of currency total revenue is calculated by dividing total Scope 1 and 2 emissions by unit revenue, making sure that the revenue figure used applies to the same organizational boundary as your emissions data.
- Important points to remember when calculating intensity are:
- Intensity = Emissions (metric tons CO2e) (Numerator) / Business metric (e.g. revenue) (Denominator)
- Numerator units: the intensity metrics requested in question C6.10 should have emissions in metric tons CO2e as the numerator. They should include Scope 1 and Scope 2 emissions combined. This figure can be obtained by summing the figures given in answer to questions C6.1 and C6.3.
- Denominator units: When calculating your intensity, you should ensure that the units of your data match those specified in the intensity metric. For example, question C6.10 requests for intensity in metric tons CO2e per unit currency revenue. This means that your revenue figure (the denominator) should be in the currency you specified in C0.4 and in single units, i.e. if your revenue is 5 Million US$ your unit revenue is 5000000. Another example would be metric tons CO2e per MWh – if your data is in kWh you must convert it to MWh before using it in the calculation.
- Boundary and Exclusions: You should ensure that the organizational boundary and any exclusions specified for your numerator is the same as for your denominator. For example, when entering your emissions per FTE employee you should ensure that you only include those FTE employees that are within the sections of the organization covered by the organizational boundary of your emissions and take into account any exclusions (as specified in question C6.4a).
Metric numerator (column 2)
- This column is fixed and specifies that the emissions should be in metric tons CO2e, derived from your gross global Scope 1 emissions figure (question C6.1) plus your gross global Scope 2 emissions figure (question C6.3).
Metric denominator (column 3)
- To report your organization’s emissions intensity per unit currency total revenue, select "unit total revenue" in column 3 (metric denominator) for this figure.
- Please note that the denominator in the selection “unit total revenue” is per single unit (1) of the currency specified in question C0.4. Please do not report your revenue emissions intensity based on multiples of your selected currency (e.g. do not report in multiples of Yen). It is understood that this will likely result in your intensity figure being quite small (less than 0.01).
- If you select “Other, please specify”, provide a label for the Metric denominator.
Metric denominator: Unit total (column 4)
- Ensure that the metric denominator figure provided in this column is the same unit that was chosen in column 3.
- For example, if your chosen metric in the previous column was FTE, you should input here how many FTE you had during the reporting year.
Scope 2 figure used (column 5)
- Indicate which Scope 2 figure has been used in your metric numerator.
% change from previous year (column 6)
- If you have experienced no change, please enter 0 (zero) in this column.
- If the previous year’s figure has been reported but recalculated since, please use the recalculated figure for the calculation of percentage change and note this in the last column (8). The previous year compared should apply to the 12-month period directly prior to the reporting period, even if it does not completely overlap with the period previously reported to CDP.
Direction of change (column 7)
- A declining intensity ratio reflects a positive performance (improvement), while an increasing intensity ratio reflects a negative performance (decline).
- If the percentage change from last year is 0 (zero) select "No change".
Reason for change (column 8)
- Describe why your emissions intensity has changed. Explain the primary reasons behind the change and the degree to which different factors have influenced the figures.
- Specify if this change is due to emission reduction initiatives, including those reported in C4.3b.
Note for coal sector companies:
- Coal sector companies are requested to provide an emissions intensity figure per unit of currency total revenue and in addition, per metric ton of coal.
Note for electric utility sector companies:
- Electric utility sector organizations are requested to provide an emissions intensity figure per unit of currency total revenue and in addition, report your organization’s gross global combined Scope 1 and 2 emissions intensity per MWh of gross power generated and/or per MWh of power transmitted – make sure to select megawatt hour generated (MWh) and/or megawatt hour transmitted (MWh).
Note for oil and gas sector companies:
- Oil and gas sector organizations are requested to provide an emissions intensity figure per unit of currency total revenue.
- Please note that question C-OG6.12 asks oil and gas organizations to provide the intensity figures for Scope 1 emissions (metric tons CO2e) per unit of hydrocarbon category.
Note for transport OEMs and transport services sector companies:
- Transport OEMs and transport services sector organizations are requested to provide an emissions intensity figure per unit of currency total revenue.
- Please note that, dependent on the extent you are able to disaggregate your emissions intensity for each transport mode between Scopes 1, 2, and 3: Category 4 upstream transportation and distribution, transport services organizations are asked to provide primary intensity (activity-based) metrics that are appropriate to emissions from transport activities in Scope 1, 2, and 3 in question C-TS6.15.
Note for real estate sector companies:
- In addition to reporting emissions intensity figure per unit of currency total revenue, real estate companies should consider reporting emissions intensity by occupants or square area.
Note for capital goods sector companies:
- In addition to reporting an emissions intensity figure per unit of currency total revenue, capital goods companies should consider reporting emissions intensity by unit of production or unit of service provided.
- If you measure the emissions intensity of specific products or product ranges, you will have the opportunity to provide this information in questions C-CG8.5 and C-CG8.5a.
Explanation of terms
- Intensity metrics: Intensity metrics describe an organization’s CO2e emissions in the context of another business metric. In this way, the emissions are normalized to account for growth. Intensity is calculated by dividing the CO2e emissions figure (the numerator) by an alternative business metric (the denominator), such as the number of full-time equivalent employees, the revenue or tons of aggregate produced.
- Revenue: Income arising in the
course of an entity’s ordinary activities (less returns, allowances and
discounts) - before deducting costs for the goods/services sold and operating
expenses to arrive at profit (based on the
International Financial Reporting Standard).
Example response
Worked example of calculating emissions intensities figures
A reporting organization has gross total combined Scope 1 and 2 emissions of 300,000 metric tons CO2e, revenue of 5 Million US$ and 3,000 FTE employees. In this case, the company could calculate and report its emission intensity figures by revenue and by FTE as follows:
1. Emissions intensity in metric tons CO2e per unit currency total revenue
Intensity = 300,000 (metric tons CO2e)/5,000,000 (US$)= 0.06
2. Emissions intensity in metric tons CO2e per FTE employee
Intensity = 300,000 (metric tons CO2e)/3,000 (FTE employee)= 100
Intensity figure
|
Metric numerator (Gross global combined Scope 1 and 2 emissions)
|
Metric denominator
|
Metric denominator: Unit total
|
Scope 2 figure used
|
% change from previous year
|
Direction of change
|
Reason for change
|
0.6
|
300,000
|
unit total revenue
|
5,000,000
|
Market-based
|
3
|
Decreased
|
Our organization has reduced our emissions as we transition our fleet to electric vehicles
|
100
|
300,000
|
full time equivalent (FTE)
|
3,000
|
Market-based
|
4
|
Decreased
|
In addition to reducing our emissions by shifting to electric vehicles we have hired more full time employees in the reporting year
|
C7 Emissions breakdown
Module Overview
This module enables respondents to break down Scope 1 and Scope 2 emissions by country, business division, facility and sector.
By breaking down emissions by country or region, this data can be made available to regions, states and sub-national bodies to help guide the development of emissions-related legislation.
Breaking down emissions by business division, facility and activity grants data users and investors transparency into the sources of a company's Scope 1 and 2 emissions and allows tracking the performance of divisions and individual facilities over time.
The module also requests data on emissions other than carbon dioxide. Because these gases are often only reported in CO2-equivalents (CO2e), their contribution to overall emissions is sometimes masked.
Key changes
For the capital goods sector only:
- Two new questions: C-CG7.10 and C-CG7.10a on year-on-year Scope 3 emissions changes.
For the financial services sector only:
- Twelve questions removed: C7.1, C7.1a, C7.2, C7.3, C7.3a, C7.3b, C7.3c, C7.5, C7.6, C7.6a, C7.6b and C7.6c.
For the electric utilities sector only:
- Five questions removed: C7.5, C7.6, C7.6a, C7.6b, and C7.6c.
- Click here for a list of all changes made this year.
Sector-specific content
Additional questions on emission breakdowns for the following high-impact sectors:
- Agricultural commodities
- Capital goods
- Cement
- Chemicals
- Coal
- Electric utilities
- Food, beverage & tobacco
- Metals & mining
- Oil & gas
- Paper and forestry
- Steel
- Transport original equipment manufacturers (OEMs)
- Transport services
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C7 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Emissions performance
(C7.9) How do your gross global emissions (Scope 1 and 2 combined) for the reporting year compare to those of the previous reporting year?
Change from 2019
No change
Rationale
Investors and data users are interested in understanding whether companies are successfully reducing their emissions year over year.
Connection to other frameworks
SDG
Goal 7: Affordable and clean energy
Goal 12: Responsible consumption and production
Goal 13: Climate action
Response options
Select one of the following options:
- Increased
- Decreased
- Remained the same overall
- This is our first year of reporting, so we cannot compare to last year
- We don’t have any emissions data
Requested content
General
- This question requires you to select the option from the drop-down menu that best describes how your combined Scope 1 and 2 emissions have changed compared with the previous year.
- The change in emissions can be calculated using the following formula:
Total gross Scope 1+2 emissions for the current reporting year – previous year’s total gross Scope 1+2 emissions = total change in emissions
- If the resulting figure is negative, then your company’s overall emissions decreased compared to the previous year. If the resulting figure is positive, overall emissions have increased compared to the previous year. If the resulting figure is equal to zero, overall emissions have not changed compared to the previous year.
- In this context your Scope 1 emissions are the figure supplied in response to question C6.1, and your Scope 2 emissions are the figure supplied in response to question C6.3.
- If the previous year’s figures have been restated, please refer to CDP’s Technical Note on “Restatements” on whether to use the emissions figures originally reported to CDP or the restated figures for the calculation. The previous year compared should apply to the 12-month period directly prior to the reporting period, even if it does not completely overlap with the period previously reported to CDP.
C8 Energy
Module Overview
Energy related activities represent, for many sectors, the most significant GHG emission sources. This module provides transparency on the consumption and generation of energy by organizations.
Accurate emissions accounting depends on a comprehensive account of energy. It is expected that organizations have already collected the necessary energy data for the disclosure of emissions in previous modules. Unless otherwise stated in the question-specific guidance, energy generation data requested in this module is in alignment with Scope 1 emissions sources i.e. from generating units owned or controlled by the organization. The requested data on purchased or acquired energy is in alignment with Scope 2 emissions reporting.
Key changes
- Two 2019 questions merged: C8.2d has been merged into C8.2c.
- Modified question: C8.2e (2019 C8.2f) – list of low-carbon energy sourcing methods revised (column 1), list of low-carbon technology types revised (column 2), full country and region list added (column 3), request to report emissions factors removed (2019 column 5).
- Modified guidance: C8.2d (2019 C8.2e) – for reporting self-generated renewable electricity.
- Click here for a list of all changes made this year.
For the capital goods sector only:
- Two new questions: C-CG8.5 and C-CG8.5a on efficiency metrics.
For the chemicals sector only:
- New question: C-CH8.3 on consumption of fuels as feedstocks for chemical production activities.
For the electric utilities sector only:
- Two questions removed: C8.2d (2019 C8.2e) and C8.2e (2019 C8.2f).
- Modified question: C-EU8.4a to allow reporting both Scope 1 and Scope 2 emissions from transmission and distribution losses.
For the financial services sector only:
- Four questions removed: C8.2b, C8.2c, C8.2d (2019 C8.2e) , and C8.2e (2019 C8.2f).
Sector-specific content
Additional questions on energy-related activities for the following high-impact sectors:
- Capital goods
- Cement
- Chemicals
- Electric utilities
- Metals & mining
- Steel
- Transport original equipment manufacturers (OEMs)
- Transport services
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C8 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Energy-related activities
(C8.2) Select which energy-related activities your organization has undertaken.
Question dependencies
The energy-related activities that you select in response to C8.2 determine which energy breakdowns you will be prompted to respond to in the proceeding questions. Please note, if your response to C8.2 is amended, data in dependent questions may be erased.
Change from 2019
Minor change
Rationale
This question provides data users with information on the organization’s consumption of energy forms relating to Scope 1 and Scope 2 emissions, and transparency on the generation of energy.
Response options
Please complete the following table:
Activity
|
Indicate whether your organization undertook this energy-related activity in the reporting year
|
Consumption of fuel (excluding feedstocks)
|
Select from:
|
Consumption of purchased or acquired electricity
|
|
Consumption of purchased or acquired heat
|
|
Consumption of purchased or acquired steam
|
|
Consumption of purchased or acquired cooling
|
|
Generation of electricity, heat, steam, or cooling
|
|
Requested content
Consumption of fuel (excluding feedstocks) (Row 1)
- You should select ‘Yes’ in row 1 ‘Consumption of fuel (excluding feedstocks)’ if fuel was consumed inside your organizational boundary in the reporting year. All fuels accounted for in the calculation of Scope 1 emissions (C6.1) and fuels accounted for in the calculation of emissions from biogenic carbon (C6.7a) are included. Consumption of nuclear fuel is not included.
Consumption of purchased or acquired electricity heat, steam and/or cooling (Rows 2-5)
- You should select ‘Yes’ in rows 2-5 according to whether your organization has consumed electricity, heat, steam, and/or cooling that was purchased or acquired, i.e. brought into the organizational boundary. This excludes consumption of electricity, heat, steam or cooling that was produced by the organization, i.e. from inside the organizational boundary. It also excludes purchased or acquired electricity, heat, steam or cooling that is not consumed inside the organizational boundary.
- Purchased or acquired electricity, heat, steam or cooling that is wasted should still be counted as consumption.
- The activities of rows 2-5 are aligned with the boundary for Scope 2 emissions.
Generation of electricity, heat, steam, or cooling (Row 6)
- You should select ‘Yes’ in row 6 if your organization generated electricity, heat, steam, or cooling in the reporting year, regardless of whether this generation was consumed, exported, or wasted.
Note for RE100 members
- RE100 members have the option of uploading their completed RE100 Reporting Spreadsheet in the Further Information section of this questionnaire, which is presented prior to signing off in Module 14.
Explanation of terms
- Excluding feedstocks: Fuels consumed as feedstocks are fuels that are not combusted for energy purposes. For example, naphtha and ethane are feedstocks that may be converted into petrochemical products such as ethylene, and should not be included. The steel industry is a special case because coke and fuel injectants consumed at the blast furnace serve as feedstocks and a source of energy. These fuels are considered feedstocks and should not be counted. However, all fuels consumed that are derived from fuel feedstocks, e.g. blast furnace gas, should be counted. Companies that consume fuel as feedstocks will have the opportunity to disclose these fuels in sector specific questions.
- Purchased or acquired electricity, steam, heat, cooling: Specific information on these energy carriers can be found in section 5.3.1 and Appendix A of the GHG Protocol Scope 2 Guidance. The terms ‘purchased’ and ‘acquired’ are used when your organization has received the energy from a third party. This rules out energy that is sourced from within the organizational/sector boundary. It should be noted that purchased or acquired heat does not include the heat content, or calorific value, of fuels that are purchased or acquired by the organization. This is accounted for at the point of fuel consumption, which falls inside the Scope 1 boundary. You should also be aware that steam, heat or cooling received via direct line as ‘waste’ from an industrial process, should still be accounted for if it is consumed.
(C8.2a) Report your organization’s energy consumption totals (excluding feedstocks) in MWh.
Question dependencies
This question only appears if you select “Yes” to any of the activities listed in C8.2. A row will appear in this table for each energy-related activity selected in C8.2. The "Total energy consumption" row will always appear.
Change from 2019
Minor change
Rationale
Given the importance of energy consumption in emissions accounting, this question attempts to provide transparency to data users on the consumption of energy by the organization. The question provides the opportunity for organizations to disclose their total energy consumption and distinguish renewable and non-renewable forms of energy.
Connection to other frameworks
SDG
Goal 7: Affordable and clean energy
Goal 12: Responsible consumption and production
Goal 13: Climate action
Response options
Please complete the following table:
Activity
|
Heating value
|
MWh from renewable sources
|
MWh from non-renewable sources
|
Total (renewable + non-renewable) MWh
|
Consumption of fuel (excluding feedstock)
|
Select from:
- LHV
(lower heating value)
- HHV (higher heating value)
- Unable to confirm heating value
|
Numerical field [enter a number from 0 to 9,999,999,999 using up to 2 decimal places and no commas]
|
Numerical field [enter a number from 0 to 9,999,999,999 using up to 2 decimal places and no commas]
|
Numerical field [enter a number from 0 to 9,999,999,999 using up to 2 decimal places and no commas]
|
Consumption of purchased or acquired electricity
|
N/A
|
|
|
|
Consumption of purchased or acquired heat
|
N/A
|
|
|
|
Consumption of purchased or acquired steam
|
N/A
|
|
|
|
Consumption of purchased or acquired cooling
|
N/A
|
|
|
|
Consumption of self-generated non-fuel renewable energy
|
N/A
|
|
N/A
|
|
Total energy consumption
|
N/A
|
|
|
|
Requested content
General
- Figures you provide should be for the reporting year only (as defined by your answer to C0.2).
- If you do not consume an energy carrier, then you should enter zero (0) in the relevant field.
- This table is for gross energy consumption data only. You should not provide net consumption nor deduct for energy produced or exported from the organizational boundary. Because feedstock fuels are excluded from this question, this approach should not lead to double counting.
- You should enter all energy data in Mega-Watt-hours (MWh). If your raw data is in energy units other than MWh, such as Giga-Joules (GJ) or British Thermal Units (Btu), then you should convert to MWh. For e.g., 1 Giga-Joule (GJ) = 0.277778 MWh, so if your data is in GJ then should multiply your data by 0.277778. If your data is in million Btu, then you need to multiply your data by 0.29307.
- Conversion factors from other energy units are available from a variety of online calculation tools, including from IEA and OnlineConversion.com, or from conversion tables such as those in EPA AP-42 (Annex A).
- If your raw data is in volume units, e.g. cubic feet or gallons, or in mass units, e.g. kilograms (kg) or pounds (lb), then you should convert to energy units using factors for fuel heating/calorific values. These are available from numerous sources, some of which are listed below:
- IPCC Guidelines for National GHG Inventories (Volume 2, Table 1.2, p1.18-1.19)
- EPA AP-42 (Annex A)
- IEA Statistics Manual (Annex 3, p180-183)
- API Compendium (Table 3-8, p3.20-3.21)
Activity (column 1)
- This column is driven by the activities for which you selected ‘Yes’ in response to C8.2.
Consumption of fuel (excluding feedstock)
- All fuel consumed for energy purposes inside the organizational boundary should be included, regardless of whether the fuel was purchased or produced by the organization. If a fuel is consumed as a feedstock for the production of another fuel, then the feedstock should not be included, but combustion of the produced fuel should be included. Ultimately, if a fuel is combusted, i.e. consumed for energy purposes and not as a feedstock, then it should be included (see ‘Explanation of terms’ for more detail).
- Consumption of renewable fuels should be accounted for here. This includes biomass (solid and liquid biofuels and biogas), biomass-derived wastes and renewably derived hydrogen.
- If you do not have exact consumption data, you may alternatively estimate your company’s consumption by reviewing fuel and energy purchasing orders.
Consumption of purchased or acquired electricity, heat, steam, cooling
- If your raw data for steam is in physical units, e.g. pounds (lb) or kilograms (kg), then you should convert to energy units. The energy content of steam varies with temperature and pressure. Organizations can refer to The Climate Registry’s General Reporting Protocol, Chapter 15, section 15.2, step 1, which explains how to calculate the energy content of steam.
- Cooling is frequently purchased in refrigeration-ton hours; 1 ton-hour is equal to 12,000 Btu, which is equal to 0.003516 MWh.
Consumption of self-generated non-fuel renewable energy
- If your organization produces renewable energy that is not based on fuel (such as solar, wind, hydro, geothermal, marine), then any consumption of this energy should be entered here.
- Consumption of renewable fuels (such as solid and liquid biofuels and biogas) should be excluded because these should be accounted for in the row “Consumption of fuel (excluding feedstock)”.
- All forms of non-fuel renewable energy - electricity, heat, steam, or cooling – shall be included.
Total energy consumption
- Enter the total energy consumption by your organization in this row, alongside total energy from renewable sources and non-renewable sources.
- The sum of renewable and non-renewable energy consumption should equal the total MWh entered in the last column.
- The data entered in each column of this row should also equal the sum of all the above rows (if the above rows have been fully disclosed for).
- If you do not disclose data for specific energy carriers in the rows above, but you are able to enter the total energy consumed by your organization, then you should do so.
Heating value (column 2)
- This column is only applicable to the consumption of fuels because it is a measure of combustion energy.
- Energy from fuel combustion can be measured by the higher heating value (HHV) or lower heating value (LHV) of the combusted fuel.
- Higher heating value (HHV) is also known as gross calorific value (GCV), and lower heating value (LHV) is also known as net calorific value (NCV). Typically, LHV/HHV ratio is 0.95 for solid and liquid hydrocarbon fuels, such as coal and oil, and 0.9 for gaseous hydrocarbon fuels, such as natural gas.
- Fuel energy data in HHV is typically used in the United States and Canada, whereas LHV is more commonly the unit used in other countries and by international bodies. If you do not know the unit applicable to your raw data, you may wish to infer it based on the location from which the data is sourced, i.e. if the fuel related data is sourced from outside of the United States and Canada, then it is likely that LHV is applicable.
MWh from renewable sources (column 3)
- Renewable energy is energy taken from sources that are inexhaustible such as wind, solar, hydropower, geothermal, biomass and marine (tidal and wave energy).
- Waste energy should not be included if it is derived from fossil fuels.
- Hydrogen should not be included if it is derived from fossil fuels.
- Blended fuels deriving from both renewable and non-renewable sources should be split by the proportion contained from each source. For municipal waste and refuse-derived fuel, only the fraction of the fuel that is derived from biomass can be included as renewable energy, when calculating renewable energy consumption totals. Further explanations of municipal waste and a glossary of fuel definitions is provided in the CDP Technical Note: “Fuel Definitions”.
MWh from non-renewable sources (column 4)
- All energy not identified as deriving from renewable sources should be entered, e.g. coal, oil, natural gas, etc.
- Direct consumption of nuclear fuel should not be included, as this is covered in more detail in questions for electric utilities. Consumption of purchased or acquired electricity, steam, heat and/or cooling from nuclear sources, however, should be included.
Total (renewable + non-renewable) MWh (column 5)
- Total MWh is equal to the sum of MWh from renewable sources (column 3) and MWh from non-renewable sources (column 4).If you have entered data in column 3 and column 4, then you should ensure that the sum of this data is equal to the data in column 5.
Explanation of terms
- Renewable energy: CDP follows the definition of renewable energy given in the GHG Protocol, i.e. “energy taken from sources that are inexhaustible, e.g. wind, water, solar, geothermal energy and biofuels.”
- Excluding feedstocks: Fuels consumed as feedstocks are fuels that are not combusted for energy purposes. For example, naphtha and ethane are feedstocks that may be converted into petrochemical products such as ethylene, and should not be included. The steel industry is a special case because coke and fuel injectants consumed at the blast furnace serve as feedstocks and a source of energy. These fuels are considered feedstocks and should not be counted. However, all fuels consumed for energy, i.e. combusted, that are derived from fuel feedstocks, e.g. blast furnace gas, should be counted. Companies that consume fuel as feedstocks will have the opportunity to disclose these fuels in sector specific questions.
- Heating Value: Lower heating value (LHV) and Higher heating value (HHV), also known as net calorific value (NCV) and gross calorific value (GCV) respectively, are different measures of heat energy released from fuel combustion. Figures measured in HHV are larger because HHV includes the latent heat of water vaporization from combustion, whereas LHV does not. The difference between LHV and HHV is related to the fuel’s hydrogen content.
- Purchased or acquired electricity, steam, heat, cooling: Specific information on these energy carriers can be found in section 5.3.1 and Appendix A of the GHG Protocol Scope 2 Guidance. The terms ‘purchased’ and ‘acquired’ are used when your organization has received the energy from a third party. This rules out energy that is sourced from within the organizational boundary. It should be noted that purchased or acquired heat does not include the heat content, or calorific value, of fuels that are purchased or acquired by the organization. This is accounted for at the point of fuel consumption, which falls inside the Scope 1 boundary. You should also be aware that steam, heat or cooling received via direct line as ‘waste’ from a third party’s industrial processes, should still be accounted for if it is consumed.
C12 Engagement
Module Overview
In order to truly reduce global emissions, companies must engage with their value chain on climate-related issues. Questions in this module examine how organizations are working with their suppliers, customers and other partners.
This module provides data users with insight into the different types of activities in which organizations engage to influence public policy on climate-related issues.
The module also investigates whether organizations integrate non-financial metrics and data into mainstream financial reports which is aligned with the TCFD’s primary aim to have climate-related information disclosed in financial filings.
Key changes
- New questions C-FS12.1c and C-FS12.5 for financial services sector.
- Question C12.1b modified for financial services sector.
- Click here for a list of all changes made this year.
Sector-specific content
Additional questions on supplier engagement for the following high-impact sectors:
- Agricultural commodities
- Financial services
- Food, beverage & tobacco
- Paper & forestry
Pathway diagram - questions for minimum version questionnaire
This diagram shows the questions contained in module C12 that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Value chain engagement
(C12.1) Do you engage with your value chain on climate-related issues?
Change from 2019
Modified question for FS only
Rationale
The majority of most companies' emissions occur outside their direct operations. In order to truly reduce global emissions, companies must engage with their value chain on climate-related issues. This question seeks to ascertain which companies are engaging in the best practice of working with upstream and downstream partners to reduce negative environmental impacts.
Connection to other frameworks
SDG
Goal 12: Responsible consumption and production
Response options
Select all that apply from the following options:
- Yes, our suppliers
- Yes, our customers
- Yes, our investee companies [Financial services only]
- Yes, other partners in the value chain
- No, we do not engage
Requested content
General
- Select all that apply for the reporting year, however if you select “No, we do not engage” do not select any of the other options.
- Select yes, only if you have engagements that cover GHG emissions and/or climate-related strategies (i.e. target setting, renewable energy procurement, etc.).
- Other partners in the value chain are any companies that you work with in your up- or downstream activities that are not your suppliers or customers. For example, you could select this option if you engage with your franchisees on GHG emissions and climate change strategies.
- Note that employees can be treated as value chain partners if they are making their own decisions on, for example, how they commute to work. However, if employees are under direction of their manager for business travel then they should not be treated as external to the organization; in this instance, the value chain partner is the provider of the business travel, not the employee.
Note for financial services sector companies:
- Consider your engagement activity with customers/clients and investee companies to encourage better disclosure and practices around climate-related risks.
- Further details can be provided in subsequent questions C12.1b and C12.1c.
C15 Signoff
Pathway diagram - questions
This diagram shows the general questions contained in module C15. To access question-level guidance, use the menu on the left to navigate to the question.
Further information
(C-FI) Use this field to provide any additional information or context that you feel is relevant to your organization's response. Please note that this field is optional and is not scored.
Change from 2019
No change
Response options
This is an open text question with a limit of 9,999 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Signoff
(C15.1) Provide details for the person that has signed off (approved) your CDP climate change response.
Change from 2019
No change (2019 C14.1)
Rationale
CDP asks companies to identify the job title and corresponding job category of the person signing off (approving) the CDP response. This information signals to investors where in the corporate structure direct responsibility is being taken for the response and the information contained therein.
Response options
Please complete the following table:
Job title
|
Corresponding job category
|
Text field [maximum 200 characters]
|
Select from:
- Board chair
- Board/Executive board
- Director on board
- Chief Executive Officer (CEO)
- Chief Financial Officer (CFO)
- Chief Operating Officer (COO)
- Chief Procurement Officer (CPO)
- Chief Risk Officer (CRO)
- Chief Sustainability Officer (CSO)
- Other C-Suite Officer
- President
- Business unit manager
- Energy manager
- Environmental, health and safety manager
- Environment/Sustainability manager
- Facilities manager
- Process operation manager
- Procurement manager
- Public affairs manager
- Risk manager
- Other, please specify
|
Requested content
General
Job title (column 1)
- Enter the title of the person who has signed off on this CDP response.
- If you select “Other, please specify”, provide a label for the corresponding job category.
- Note that this question asks about the position and not about the name of the individual holding this position. Do not include names or any other personal data in your response.
SC Supply chain
Module Overview
The SC module is for companies responding to the CDP climate change questionnaire at the request of one or more customers, who are members of CDP’s supply chain program. This module has been developed following consultation with both suppliers and the member companies that are their customers. It provides further context to buyers regarding the procedures adopted and/or actions taken by their suppliers.
Organizations benefit from disclosing by increasing transparency and engaging with their buyers to further develop their sustainability. The information disclosed here builds on information that CDP supply chain members are particularly interested in elsewhere in the climate change questionnaire.
Emissions located in the supply chain are around four times as high as those from direct operations. To meet the goals of the Paris Agreement, action at every level of the supply chain is needed.
Please note that your response to the SC module is not scored.
Key changes
- Modified questions: SC3.1b and SC3.2a – the list of emissions reduction activities has been revised.
- Click here for a list of all changes made this year.
Pathway diagram - questions for minimum version questionnaire
This diagram shows the supply chain questions contained in module SC that are included in the minimum version of the questionnaire. To access question-level guidance, use the menu on the left to navigate to the question.
Supply chain introduction
(SC0.0) If you would like to do so, please provide a separate introduction to this module.
Change from 2019
No change
Rationale
This information gives your organization the opportunity to detail information that may be more relevant to the requesting customer(s).
Response options
This is an open text question with a limit of 5,000 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Requested content
General
- Enter your answer in the text box provided in the ORS.
(SC0.1) What is your company’s annual revenue for the stated reporting period?
Change from 2019
No change
Rationale
Annual revenue for the reporting period provides contextual information for requesting Supply Chain members.
Response options
Please complete the following table:
Annual revenue
|
Numerical field [enter a number from 0-999,999,999,999,999 using a maximum of 2 decimal places]
|
Requested content
General
- Enter a numerical value for the revenue, this should be consistent with the reporting period disclosed in C0.2.
- This figure should be in the same currency that you selected for all financial information disclosed in question C0.4.
- Enter the figure for "revenue" as would be declared in your financial statement (sometimes referred to a "turnover" or "sales"). Under the International Financial Reporting Standard this would be the inflow of income arising in the course of an entity’s ordinary activities, with deductions made (such as for sales returns, allowances and discounts). This figure is commonly used by investors to assess the income-generating ability of a business.
Explanations of Terms
Revenue: Income arising in the course of an entity’s ordinary activities (less returns, allowances and discounts) - before deducting costs for the goods/services sold and operating expenses to arrive at profit (based on the International Financial Reporting Standard)
(SC0.2) Do you have an ISIN for your company that you would be willing to share with CDP?
Change from 2019
No change
Rationale
If available, responding companies should disclose their ISIN. ISIN codes are used globally in the identification of securities such as bonds, futures, and stocks. This will increase transparency of your response.
Response options
Select one of the following options:
Requested content
General
- Select ‘Yes’ if you have been issued an ISIN code for a security by a National Numbering Agency (NNA).
Explanation of terms
- ISIN: The International Securities Identification Number is a 12-character alphanumeric code used to identify a security, such as a stock or bond. It is structured with the first two digits referencing the country of origin for the security. The second grouping consists of nine characters and is the unique identifying code for the security, in the U.S. and Canada this is known as the CUSIP number. The final digit is the check digit, which ensures the authenticity of the code. (Adapted from www.isin.org)
(SC0.2a) Please use the table below to share your ISIN.
Question dependencies
This question only appears if you select “Yes” in response to SC0.2.
Change from 2019
No change
Rationale
Responding companies should disclose their ISIN. ISIN codes are used globally in the identification of securities such as bonds, futures, and stocks. This will increase transparency of your response.
Response options
Please complete the following table:
ISIN country code (2 letters) |
ISIN numeric identifier and single check digit (10 numbers overall) |
Text field [maximum 2 characters]
|
Text field [maximum 10 characters using no decimal places]
|
Requested content
General
- You can disclose your ISIN code within this table.
ISIN country code (column 1)
- Input the two-letter code as issued in accordance with ISO 3166 based on the country of origin of the issuer of the security.
ISIN numeric identifier and single check digit (column 2)
- It is possible to disclose the nine characters made up of digits and letters that are the identifier code or (CUSIP code in U.S. & Canada), plus the check digit which ensures the authenticity of the code.
Allocating your emissions to your customers
(SC1.1) Allocate your emissions to your customers listed below according to the goods or services you have sold them in this reporting period.
Change from 2019
No change
Rationale
This information provides clarity to Supply Chain members on the emissions associated with goods and products sold to them over the reporting period. This supports transparency in emissions allocations, verification of these emissions allocations and methodologies used.
Connection to other frameworks
SDG
Goal 12: Responsible consumption and production
Response options
Please note that this table (for SC1.1) is designed so that
only the customer that you select in column 1 (“Requesting member”) will be
able to see the data relevant to them. If you enter an answer without selecting
a requesting member, your answer will not be viewable at all.
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.
Requesting member
|
Scope of emissions
|
Allocation level
|
Allocation level detail
|
Emissions in metric tons of CO2e
|
Uncertainty (± %)
|
Select from:
[Drop-down menu of requesting members]
|
Select from:
|
Select from:
- Company wide
- Business unit (subsidiary company)
- Facility
- Commodity
|
Text field [maximum 500 characters]
|
Numerical field [enter a number from 0-999,999,999,999 using a maximum of 4 decimal places]
|
Percentage field [enter a percentage from 0-999,999 using a maximum of 4 decimal places]
|
Major sources of emissions | Verified*
| Allocation method | Please explain how you have identified the GHG source, including major limitations to this process and assumptions made |
---|
Text field [maximum 2,500 characters]
| Select from:
| Select from drop-down options below
| Text field [maximum 5,000 characters]
|
[Add Row]
*Has the allocation of emissions to your customers been externally verified?
Description of allocation method drop-down options (column 7)
Select one of the following options:
- Allocation not necessary due to type of primary data available
- Allocation not necessary as secondary data used
- Allocation based on mass of products purchased
- Allocation based on the volume of products purchased
- Allocation based on the energy content of products purchased
- Allocation based on the chemical content of products purchased
|
- Allocation based on the number of units purchased
- Allocation based on area
- Allocation based on another physical factor
- Allocation based on the market value of products purchased
- Other, please specify
|
Requested content
General
- This table is designed so that only the customer that you select in column 1 ("Requesting member") will be able to see the data relevant to them.
- If you enter an answer without selecting a requesting member, your answer will not be viewable at all.
- Additional relevant data can be attached to this question and will be viewable by all requesting members.
- If you choose to make your response public, all attachments will be placed on our public website.
Scope of emissions (column 2)
- Use this column to specify which scope of your emissions you are allocating to your customers. Note that emissions that you allocate will be your customers’ Scope 3 emissions, however it is up to your customer to allocate your organization’s emissions into a specific Scope 3 category. You should only be allocating the emissions you stated in C6.1, C6.3 and C6.5. You can allocate either direct emissions from your company boundary (your Scope 1) or indirect emissions (your Scope 2 and 3). An explanation of defining Scopes 1, 2 and 3 can be found in the GHG Protocol Corporate Standard.
- Note that you should be specific whether you are allocating your Scope 2 location-based, or your Scope 2 market-based figure in the methodology column. Companies are only required to allocate one Scope 2 figure.
Allocation level (column 3)
- Specify the level i.e. company-wide, business unit (subsidiary company), facility or commodity level at which the allocation of emissions applies.
Allocation level detail (column 4)
- Responding to this column is only required if you have selected ‘Business Unit (subsidiary company)’ or ‘Facility’ in column 3.
- Using no more than 500 characters, provide details on the business unit (subsidiary company) or facility for which you are allocating emissions to your customers.
Emissions in metric tons of CO2e (column 5)
- Specify the metric tons of CO2e you are allocating to your customer for the scope given in column 2.
Uncertainty (± %) (column 6)
- Provide the degree of confidence that you have in the figures expressed as a percentage, e.g. you estimate that they are accurate to +/- 15%.
Major sources of emissions (column 7)
- Describe significant sources of emissions for which you have provided a figure. The following list of examples is non-exhaustive:
- Scope 1 emissions may be equipment in which fuel is burnt to provide heat (e.g. ovens, driers or kilns); emissions from company owned or controlled vehicles; emissions from production processes e.g. in cement manufacture;
- Scope 2 emissions may include electricity used to power production lines, lighting in offices, electricity for data centers, etc.; and
- Scope 3 covers a broader range of possible sources. For example, the “Scope 3, Business travel” category would include air travel for company employees; the “Scope 3, Capital goods” category would include the manufacture of steel to make heavy machinery or infrastructure; and the “Scope 3, Waste generated in operations category” would include emissions from out-sourced treatment of organic waste. As you will be reporting your Scope 3 emissions as a single figure, you may wish to use this column to identify which category of emissions are included in this figure.
Verified (column 8)
- Select ‘Yes’ if the allocation of emissions to your customers has been externally verified. “Externally verified” means it has been verified by a third party organization, independent of the reporting company.
Allocation method (column 9)
- To allocate emissions to your customers, your company might have used a series of allocation methods. Chapter 8 (page 86) of the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard describes some of these methods. There is also other literature available on Life-Cycle Assessment discussing the details of different allocation methods. For the purpose of CDP reporting, a classification was established based on the Corporate Value Chain (Scope 3) Standard. You can select from the following values:
- Allocation not necessary due to type of primary data available
- Allocation not necessary as secondary data used
- Allocation based on mass of products purchased
- Allocation based on the volume of products purchased
- Allocation based on the energy content of products purchased
- Allocation based on the chemical content of products purchased
- Allocation based on the number of units purchased
- Allocation based on area
- Allocation based on another physical factor
- Allocation based on the market value of products purchased
- Other, please specify
- It can be difficult to estimate what proportion of your emissions are attributable to your respective customers’ purchases. The Corporate Value Chain (Scope 3) Accounting and Reporting Standard by the World Resources Institute and the World Business Council for Sustainable Development (the partnership that created the GHG Protocol Corporate Standard) helps companies to meet this challenge.
- The Corporate Value Chain (Scope 3) Standard is written for companies trying to calculate their Scope 3 emissions. However, the procedures can also be used by suppliers of those companies to assess how much of their (the suppliers) GHG emissions are associated with their customers’ purchases. As such, the standard can be used by both suppliers or by customers.
- The Standard contains information that will help you to apportion your emissions to your respective customers’ purchases (see Chapter 8). If you only had one customer, this would be an easy process and all of your Scope 1, 2 and 3 emissions would feed into your customer’s Scope 3 calculations. However, in practice, most companies have more than one customer, therefore attributing emissions to the purchases of each of them is more complicated. We use the term “allocate”/”allocation” to refer to this attribution. The GHG Protocol standard defines Allocation as “the process of partitioning GHG emissions from a single facility or other system (e.g. activity, vehicle, production line, business unit, etc.) among its various outputs."
- Allocation is necessary when:
- A single facility or other system produces multiple outputs, and
- Emissions are only measured for the entire facility or system as a whole”
- The Standard outlines the process of determining how to divide (“partition”) emissions between different goods and services.
- However, if you know that a specific amount of metric tons of coal or kilowatt hours of electricity have been used in producing a particular customer’s goods, or in providing services to a particular customer, then all of the emissions from burning that coal, or associated with using that electricity, can be linked to that customer’s purchases. Therefore, you avoid “allocation” in the technical sense of having to partition emissions. We would ask that you use that data to complete the table in SC1.1.
- The situation described would require a procedure that would enable you to know how much coal had been combusted to make a particular customer’s products or electrical sub-meters that were read when the work for a customer started and when it ended. There are other ways to avoid this partitioning process and these are covered in the section 8.2 of the Standard “Avoid Or Minimize Allocation If Possible”.
- Sometimes it might not be possible or practical to do measurements at that level of detail. You may know how much electricity a particular production line used in the last quarter or how much gas was used last year to heat your company’s offices, but during those time periods work was done for more than one customer. Consequently, the emissions associated with that electricity and gas have to be allocated between more than one customer. Chapter 8 explains the different approaches that can be taken to do this.
- Remember that although the document is developed from the perspective of a customer calculating their Scope 3 emissions and determining what to do with the data from their suppliers, the techniques described can also be used by the supplier in deciding how to allocate their emissions to customers (e.g. the situation that you are in). It is also worth noting that the new standard is called the Scope 3 Standard because it is written from the perspective of your customer, investigating emissions outside of its organizational boundary. However, it contains advice to help the supplier to allocate its Scope 1, 2 and 3 emissions – not just its Scope 3 emissions.
- When allocating emissions, use emissions data that is as specific as possible to the products that your customer has purchased from you. This is particularly important in the case of companies that are diversified and that produce a wide range of very different products.
- Table SC1 shows the order of preference for different types of data, it is adapted from table 7.7 of the GHG Protocol Scope 3 Standard.
Table SC1: Levels of Data
Data Type
|
Description
|
1. Activity-, process- or production line level data
|
GHG emissions for the activities, processes, or production lines that produce the product of interest
|
2. Facility Level Data
|
GHG emissions for the facilities or operations that produce the product of interest
|
3. Business Unit Level Data
|
GHG emissions for the business units that produce the product of interest
|
4. Corporate Level Data
|
GHG emissions for the entire corporation
|
- Table SC2 is based on table 8.1 of theGHG Protocol Scope 3 Standard. It shows possible options for allocating the emissions data. To learn more about considerations in deciding which equation to use, refer to Chapter 8 of the Standard.
Table SC2: Options for allocating emissions to customer
Please explain how you have identified the GHG source, including major limitations to this process and assumptions made (column 10)
- Companies often have many different sources of emissions and this question seeks to understand how you have selected major emission sources.
- The GHG Protocol Corporate Standard states companies should report on all emissions within their chosen organizational boundary. This defines the sources of emissions on which you are going to report. There are three options: sources in which the company has an equity share; sources over which the company has financial control; sources over which the company has operational control. If you exclude any sources within the boundary, you are asked to disclose and justify those exclusions.
- However, it may be that you have been limited by your knowledge of potential emission sources or made assumptions about which sources were the largest. Or alternatively, that certain sources do not play a role for the specific products your customers are purchasing from you. Please explain the thinking behind your selection including the difficulties that you encountered.
-
N.B. Please note that your answers to the following questions SC1.2 and SC1.3 can be viewed by any requesting members, not only those selected in column 1 of the table at SC1.1.
(SC1.2) Where published information has been used in completing SC1.1, please provide a reference(s).
Change from 2019
No change
Rationale
This question provides transparency regarding how data was acquired and used to derive emissions values allocated to Supply Chain members.
Response options
This is an open text question with a limit of 5,000 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Requested content
General
- To allocate emissions to your customer you may have used your own (primary) data in answering question SC1.1. Alternatively, you may have relied on publications that give industry-average (secondary) data for particular materials or processes or you may have used a mixture of both. Please make the origin of the data clear by providing references where published information has been used, as well as flagging where they have been used.
- Your answer to this question will be visible by all parties with access to your response so you may only want to provide generic information.
(SC1.3) What are the challenges in allocating emissions to different customers, and what would help you to overcome these challenges?
Change from 2019
No change
Rationale
The purpose of this question is to provide your customers with insights about the challenges in assigning specific emissions to them from your products or services. In certain cases, it might be that specific solutions can be found between you and your customer to overcome those challenges.
Response options
Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table.
Allocation challenges
|
Please explain what would help you overcome these challenges
|
Select from:
- Diversity of product lines makes accurately accounting for each product/product line cost ineffective
- Customer base is too large and diverse to accurately track emissions to the customer level
- Managing the different emission factors of diverse and numerous geographies makes calculating total footprint difficult
- Doing so would require we disclose business sensitive/proprietary information
- We face no challenges
- Other, please specify
|
Text field [maximum 2,500 characters]
|
[Add Row]
Requested content
General
- Your answer to this question will be visible by all parties with access to your response.
(SC1.4) Do you plan to develop your capabilities to allocate emissions to your customers in the future?
Change from 2019
No change
Rationale
This question aims to provide your customers with insights in to how you aim to develop your capabilities to allocate emissions to them, and thus allow them to gain a greater insight in to the emissions and/or energy intensity of the goods/services that you provide to them.
Response options
Select one of the following options:
Requested content
General
- Select ‘Yes’ if you plan to develop your capabilities to allocate emissions to your customers in the future.
(SC1.4a) Describe how you plan to develop your capabilities.
Question dependencies
This question only appears if you select “Yes” in response to SC1.4.
Change from 2019
No change
Rationale
This question provides your organization with the opportunity to describe how it aims to develop its capabilities to allocate emissions to its customers for goods/services provided.
Response options
This is an open text question with a limit of 5,000 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Requested content
General
- Describe using examples how your organization plans to develop its capabilities to allocate emissions to its customers in the future.
(SC1.4b)
Explain why you do not plan to develop capabilities to allocate emissions to
your customers.
Question dependencies
This question only appears if you select “No” in response to SC1.4.
Change from 2019
No change
Rationale
This question helps provides Supply Chain members with more transparency into why your organization does not plan to develop capabilities to allocate emissions for goods/services provided.
Response options
This is an open text question with a limit of 5,000 characters.
Please note that when copying from another document into the ORS, formatting is not retained.
Requested content
General
- Your answer can describe:
- Why you do not plan to develop capabilities to allocate emissions to your customers;
- The barriers that your organization faces that prevent it from allocating emissions to your customers; and;
- Potential circumstances that might encourage your organization to develop capabilities to allocate emissions to your customers.
Collaborative opportunities
(SC2.1) Please
propose any mutually beneficial climate-related projects you could collaborate on
with specific CDP Supply Chain members.
Change from 2019
No change
Rationale
Through this question your organization can propose ways it can work together with its Supply Chain members to reduce either your or their emissions. Through collaboration, mutually beneficial changes in the way you and your Supply Chain members work could be achieved.
Connection to other frameworks
SDG
Goal 7: Affordable and clean energy
Response options
Please
note that this table (for SC2.1) is designed so that only the customer that you
select in column 1 (“Requesting member”) will be able to see the
data relevant to them. If you enter an answer without selecting a requesting
member, your answer will not be viewable at all.
Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table.
Requesting member
|
Group type of project
|
Type of project
|
Emissions targeted
|
Estimated timeframe for carbon reductions to be realized
|
Estimated lifetime CO2e savings
|
Estimated payback
|
Details of proposal
|
Select from:
[Drop-down menu of requesting members]
|
Select from:
- Reduce Logistics Emissions
- Change to provision of goods and services
- New product or service
- Relationship sustainability assessment
- Change to supplier operations
- Other, please specify
|
Select from drop-down options below
|
Select from:
- Actions to reduce customers’ operational emissions (customer scope 1 & 2)
- Actions that would reduce our own operational emissions (our scope 1 & 2)
- Actions that would reduce our own supply chain emissions (our own scope 3)
- Actions that would reduce both our own and our customers’ emissions
- Other, please specify
|
Select from:
- 0-1 year
- 1-3 years
- 3-5 years
- Other, please specify
|
Numerical field [enter a range of 0-999,999,999,999 using a maximum of 2 decimal places]
|
Select from:
- Cost/saving neutral
- 0-1 year
- 1-3 years
- 3-5 years
- Other, please specify
|
Text field [maximum 5,000 characters]
|
[Add Row]
Type of project drop-down options (column 3)
Select one of the following options:
Reduce Logistics Emissions
- Consolidated logistics
- Changing transportation mode (switch from aviation to rail)
- Route optimization
- Changed timing of logistics
- Other, please specify
Change to provision of goods and services
- Reduced packaging weight
- More online/virtual provision of services
- Other, please specify
New product or service
- New product or service that reduces customers operational emissions
- New product or service that reduces customers products/services operational emissions
- New product or service that has a lower upstream emissions footprint
- Other, please specify
|
Relationship sustainability assessment
- Assessing products or services life-cycle footprint to identify efficiencies
- Sustainability audit of existing relationship
- Aligning goals to feed into customers targets and ambitions
- Other, please specify
Change to supplier operations
- Implementation of energy reduction projects
- Increased levels of purchased renewable energy
- Undertaking life-cycle assessment
- Other, please specify
Other
|
Requested content
General
- Provide information on any projects you would like to present to your customer. Please do not include details of existing commercial offerings of which your customer will already be aware of.
- If you enter an answer without selecting a requesting member, your answer will not be viewable at all.
- If you have multiple proposals or projects, please add more rows using the ‘Add Row’ function.
Requesting member (column 1)
- Select the relevant “Requesting member” that you have identified as a potential collaborator.
- Note that only the customer you select in this column will be able to see the data relevant to them.
- If you would like to collaborate with more than one customer on the same proposal or project, you should add one row per customer
Group type of project (column 2)
- Select from the drop-down menu one of the options below to provide details of the grouping of the type of project you are proposing. This will allow CDP Supply Chain members to better categorize and understand the group of projects, and streamline their analysis.
- If none of the options are suitable, select ‘Other category, please specify’, then select ‘Other, please specify’ for “Type of project” in column 3. You’ll be able to provide a label for your category and type of proposal or project in the column 8 (“Details of proposal”).
Type of project (column 3)
- Select from the drop-down menu one of the options below to provide details and the type of project you are proposing. This will allow CDP Supply Chain members to better understand the types of opportunities available, and streamline their analysis.
- If none of the options are suitable, select ‘Other category, please specify’. You’ll be able to provide details on the type of proposal or project in the column 8 (“Details of proposal”).
Emissions targeted (column 4)
- Select from the drop down menu one of the options below to provide details as to where emissions reduction impacts are expected as a result of your proposal or project.
- For example, if you are looking to reduce emissions from the transportation of goods or services, you might be proposing to undertake a combination of the following:
- Lightweight products or their packaging
- Use low-carbon fuels in vehicles
- Service providers may replace in-person meetings with video-conferencing
- Switch to lower-carbon forms of transport for staff to visit clients.
- You can discuss your proposal or project in column 8 (“Details of proposal”).
Estimated timeframe for carbon reductions to be realized (column 5)
- Select from the dropdown menu the most appropriate timeline within which you expect carbon reductions to be realized.
Estimated lifetime CO2e savings (column 6)
- Specify the amount of tCO2e reductions you are associating with your customer.
- If you are still in the early stages of proposing this opportunity, and you do not know the estimated CO2e savings, please leave this column blank.
Estimated payback (column 7)
- Select from the drop-down menu the option that encompasses your estimated payback period for your proposal or project.
Details of proposal (column 8)
- Provide details on the nature of your project, including:
- Potential financial impacts, such as the costs versus savings associated with the proposal or project;
- The reason for the project, e.g. issue to be solved/improved;
- Why this is the best strategy;
- Regions, facilities and/or product lines considered, and;
- All participants involved.
(SC2.2) Have requests
or initiatives by CDP Supply Chain members prompted your organization to undertake
organizational-level emissions reduction initiatives?
Change from 2019
No change
Rationale
This question examines whether CDP Supply Chain members’ engagement has led to your organization undertaking emissions reduction activities.
Response options
Select one of the following options:
Requested content
General
- Select "Yes" if requests or initiatives by CDP Supply Chain members have prompted your organization to take organizational-level emissions reduction initiatives.
- This question is related to emissions reduction initiatives that you might have completed in your organization and identified in your response in questions C4.3 and C4.3a to C4.3c in the climate change questionnaire. While those questions refer to emissions reduction activities that were initiated in your reporting year, you may wish to provide details on existing initiatives also. To assist you with this, please provide an ‘Initiative ID’ for each of the initiatives reported in SC2.2a. For example, you may implement a new emissions reduction activity in 2019 that was identified through CDP Action Exchange. In 2020 you would select a 2020 ID tag for this initiative and report it in the comment column of C4.3b.
- Alternatively, you may have reported an initiative in 2018 that was in its early stages of development. While you had not implemented the initiative at the time, you had decided to report to show your customer that you were considering it. You can use the same ID that you gave to that initiative last year to show whether you decided to implement it or not.
- In this section, members are requesting to know which, if any, of those initiatives that are associated with emissions reductions they have caused (in part or wholly) by engaging with you as their supplier. For those suppliers participating in Action Exchange, please use this opportunity to identify which activities were initiated through your involvement in Action Exchange.
(SC2.2a) Specify the
requesting member(s) that have driven organizational-level emissions reduction
initiatives, and provide information on the initiatives.
Question dependencies
This question only appears if you select “Yes” in response to SC2.2.
Change from 2019
No change
Rationale
This question investigates how CDP Supply Chain members’ engagement has led to your organization undertaking emissions reduction activities, and associated emissions reductions.
Connection to other frameworks
SDG
Goal 7: Affordable and clean energy
Response options
Please note that this table (for SC2.2a) is designed so
that only the customers that you select in column 1 (“Requesting member”) will
be able to see the data relevant to them. If you enter an answer without
selecting a requesting member, your answer will not be viewable at all.
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.
Requesting member
|
Initiative ID
|
Group type of project
|
Type of project
|
Select from:
[Drop-down menu of requesting members]
|
Select from:
[Drop-down menu of ID’s]
|
Select from:
- Reduce Logistics Emissions
- Change to provision of goods and services
- New product or service
- Relationship sustainability assessment
- Change to supplier
operations
- Other, please specify
|
Select from drop-down options below
|
Description of the reduction initiative | Emissions reduction for the reporting year in metric tons of CO2e | Did you identify this opportunity as part of the CDP supply chain Action Exchange? | Would you be happy for CDP supply chain members to highlight this work in their external communication? |
---|
Text field [maximum 2,500 characters]
| Numerical field [enter a range of 0-999,999,999,999 using a maximum of 2 decimal places]
| Select from:
| Select from:
|
[Add Row]
Type of project drop-down options (column 4)
Select from:
Reduce Logistics Emissions
- Consolidated logistics
- Changing transportation mode (switch from aviation to rail)
- Route optimization
- Changed timing of logistics
- Other, please specify
Change to provision of goods and services
- Reduced packaging weight
- More online/virtual provision of services
- Other, please specify
New product or service
- New product or service that reduces customers operational emissions
- New product or service that reduces customers products/services operational emissions
- New product or service that has a lower upstream emissions footprint
- Other, please specify
|
Relationship sustainability assessment
- Assessing products or services life-cycle footprint to identify efficiencies
- Sustainability audit of existing relationship
- Aligning goals to feed into customers targets and ambitions
- Other, please specify
Change to supplier operations
- Implementation of energy reduction projects
- Increased levels of purchased renewable energy
- Undertaking life-cycle assessment
- Other, please specify
Other
|
Requested content
General
- Provide information on projects/initiatives a CDP Supply Chain requesting member has indicated that prompted your organization to implement organizational-level emissions reduction initiatives to reduce emissions from your operations or your supply chain.
- If you have implemented multiple organizational-level emissions reduction initiatives presented by requesting members, please add one row per project using the ‘Add Row’ function.
- This table is designed so that only the customer that you select in column 1 ("Requesting member") will be able to see the data relevant to them.
- If you enter an answer without selecting a requesting member, your answer will not be viewable at all.
- Additional relevant data can be attached to this question and will be viewable by all requesting members.
- If you choose to make your response public, all attachments will be placed on our public website.
Requesting member (column 1)
- Select the relevant “Requesting member” that has driven your organization to take organizational-level emissions reduction initiatives to reduce emissions from your operations or your supply chain.
- If more than one member influenced the same project, you should add one row per customer.
Initiative ID (column 2)
- Select an ID for each initiative for each member. If an initiative can be attributed to multiple members, you may select the same ID multiple times. If you wish to show progress against a previous year initiative, please select the ID that you used in that year.
Group type of project (column 3)
- Select from the drop-down menu one of the options below to provide details of the grouping of the type of project you are proposing. This will allow CDP Supply Chain members to better categorize and understand the group of projects, and streamline their analysis.
- If none of the options are suitable, select ‘Other category, please specify’, then select ‘Other, please specify’ for “Type of project” in column 3. You’ll be able to provide a label for your category and type of proposal or project in the column 5 (“Description of the reduction initiative”).
Type of project (column 4)
- Select from the drop-down menu one of the options below to provide details and the type of project you are proposing. This will allow CDP Supply Chain members to better understand the types of opportunities available, and streamline their analysis.
- If none of the options are suitable, select ‘Other category, please specify’. You’ll be able to provide details on the type of proposal or project in the column 5 (“Description of the reduction initiative”).
Description of the reduction initiative (column 5)
- Describe one initiative per member per line in this section and how they relate to the member. You may also wish to refer your customer to the same initiative if you reported in C4.3 of the core Climate Change Questionnaire where they can find more details.
- The responses you provide here should be consistent with the responses provided in C4.3 of the Climate Change Questionnaire. If it is not, please state why not in column 5, e.g. “emissions reduction initiative too small to make it into our key emissions reduction initiatives section”.
- Provide details on the nature of the project, including:
- The reason for the project, i.e. issue solved/improved;
- Why this is the best strategy;
- Regions, facilities and/or product lines affected, and;
- All participants involved.
Emissions reduction for the reporting year in metric tons of CO2e (column 6)
- Specify the emissions reduction, in tCO2e, you are associating with your customer in column 2.
Did you identify this opportunity as part of the CDP supply chain Action Exchange? (column 7)
- If the proposal or project discussed was (partly) a result of CDP’s Action Exchange program, please select “Yes” otherwise select “No”.
Would you be happy for CDP supply chain members to highlight this work in their external communication? (column 8)
- Please select yes or no. Note that this selection refers to each individual initiative per member.
Action Exchange
(SC3.1) Do you want to enroll in the 2020-2021 CDP Action Exchange initiative?
Change from 2019
No change
Rationale
Action Exchange was set up to help Supply Chain members to become more carbon and energy efficient. Here CDP investigates whether your organization participating in supply chain operations is interested in enrolling in the initiative.
Response options
Select one of the following options:
Requested content
General
- Select "Yes" if you would like to enroll in the 2020-2021 CDP Action Exchange initiative.
Action Exchange
- Action Exchange is an initiative of the Supply Chain program for Lead or longer-term members to drive emissions reductions in their supply chains. Action Exchange offers a platform designed to help suppliers to horizon scan for ways to reduce their emissions and save money.
- This includes benchmarking against high-performing peers, tailored recommendations for specific emissions reduction activities, and a network of partners called Solutions Providers that have the expertise to implement energy efficiency projects.
(SC3.1a) Identify
which member(s), if any, have motivated you to take part in Action Exchange
this year.
Question dependencies
This question only appears if you select “Yes” in response to SC3.1.
Change from 2019
No change
Rationale
This question investigates which Supply Chain members have motivated your organization to take part in CDP’S Action Exchange initiative.
Response options
Select from drop-down list of members.
Requested content
General
- Note that this list is designed so that only the customer that you select will be able to see the selection.
- If you enter an answer without selecting a requesting member, your answer will not be viewable at all.
- Not all members in this list necessarily participated in Action Exchange, so please ensure that you select only the members that motivated you to take part in Action Exchange.
(SC3.1b)
Select the types of emissions reduction activities that your company would like
support in analyzing or implementing in the next reporting year.
Question dependencies
This question only appears if you select “Yes” in response to SC3.1.
Change from 2019
Modified question
Rationale
This question is designed to allow solutions providers to assess which suppliers they are most equipped to assist.
Response options
Select all that apply from the following options:
- Company policy or behavioral change
- Energy efficiency in buildings
- Energy efficiency in production processes
- Fugitive emissions reductions
- Green project finance
- Low-carbon energy consumption
- Low-carbon energy generation
- Non-energy industrial process emissions reductions
- Transportation
- Waste reduction and material circularity
- Other, please specify
Requested content
General
- Select the emissions reduction activities that your company would like to support in analyzing or in implementing in the next reporting year.
- Company policy or behavioral change – initiatives relating to a change in company policy (e.g. value chain engagement, a new procurement policy) or an organizational behavioral change (e.g. resource efficiency improvements such as reducing paper use, waste management improvements such as reducing food waste etc.). Note that changes in company transportation policies should be reported under category “Transportation”
- Energy efficiency in buildings – energy efficiency initiatives relating to buildings, including those relating to the building fabric (e.g. insulation, draught-proofing, etc.) and those relating to building services (e.g. HVAC, BEMS etc.)
- Energy efficiency in production processes – all energy efficiency initiatives relating to processes (e.g. waste heat recovery, process optimization, compressed air, combined heat and power, automation, smart control systems, product/service design to improve energy efficiency etc.)
- Fugitive emissions reductions – initiatives to reduce fugitive emissions (e.g. methane capture, agricultural nitrous oxide reductions, refrigerant leakage reduction etc.)
- Low-carbon energy consumption – emissions reduction initiatives relating to increasing low-carbon energy consumption i.e. energy from renewable sources, nuclear plants and fossil-fuel plants fitted with carbon capture and storage.
- Low-carbon energy generation – initiatives relating to the installation of low-carbon energy generating facilities (renewable, nuclear or fossil-fuel plants fitted with carbon capture and storage) at your own site or at others on behalf of your clients.
- Non-energy industrial process emissions reductions – initiatives to reduce emissions from industrial production processes which chemically or physically transform materials (e.g. CO2 from the calcinations step in cement manufacturing, CO2 from catalytic cracking in petrochemical processing, PFC emissions from aluminum smelting etc.)
- Transportation – initiatives relating to employee travel and commuting and the company fleet.
- Waste reduction and material circularity – circular economy and waste reduction initiatives (e.g. reuse, recycling, remanufacturing, product/service design to reduce waste etc.).
- Other, please specify – If none of the listed categories are applicable to your activity,select this option and specify the activity.
(SC3.1c) As part of Action Exchange, would you like facility level analysis?
Question dependencies
This question only appears if you select “Yes” in response to SC3.1.
Change from 2019
No change
Rationale
This question investigates whether Supply Chain members are interested in receiving facility level analysis. If this is the case, CDP will get in contact with you about additional facility-specific Action Exchange resources.
Response options
Select one of the following options:
Requested content
General
- If you select “Yes”, CDP will be in contact with you about the option for additional facility-specific Action Exchange resources.
- This option may be most appropriate for factory-intensive companies that want to focus emissions reduction efforts at the facility level.
(SC3.2) Is your company
a participating supplier in CDP’s 2019-2020 Action Exchange initiative?
Change from 2019
No change
Rationale
This question helps to identify companies participating in CDP’s 2019-2020 Action Exchange initiative.
Response options
Select one of the following options:
Requested content
General
- Select ‘Yes’ if your company is a participating supplier in CDP’s 2019-2020 Action Exchange initiative.
(SC3.2a) Describe
how your organization actively considered emissions reduction projects as a result
of Action Exchange. If you do not have any emissions reduction activities
resulting from Action Exchange at any stage of implementation, please explain
why not in the second column.
Question dependencies
This question only appears if you select “Yes” in response to SC3.2.
Change from 2019
Modified question
Rationale
The purpose of this question is to provide customers who engaged their suppliers through Action Exchange further insight to the emissions reduction activities of their suppliers.
Response options
Please complete the following table:
Type of project
|
Details of proposal
|
Select all that apply:
- Company policy or behavioral change
- Energy efficiency in buildings
- Energy efficiency in production processes
- Fugitive emissions reductions
- Green project finance
- Low-carbon energy consumption
- Low-carbon energy generation
- Non-energy industrial process emissions reductions
- Transportation
- Waste reduction and material circularity
- Other, please specify
|
Text field [maximum 2,500 characters]
|
Requested content
Type of project (column 1)
- Select the type of projects that your organization considered implementing through Action Exchange:
- Company policy or behavioral change – initiatives relating to a change in company policy (e.g. value chain engagement, a new procurement policy) or an organizational behavioral change (e.g. resource efficiency improvements such as reducing paper use, waste management improvements such as reducing food waste etc.). Note that changes in company transportation policies should be reported under category “Transportation”
- Energy efficiency in buildings – energy efficiency initiatives relating to buildings, including those relating to the building fabric (e.g. insulation, draught-proofing, etc.) and those relating to building services (e.g. HVAC, BEMS etc.)
- Energy efficiency in production processes – all energy efficiency initiatives relating to processes (e.g. waste heat recovery, process optimization, compressed air, combined heat and power, automation, smart control systems, product/service design to improve energy efficiency etc.)
- Fugitive emissions reductions – initiatives to reduce fugitive emissions (e.g. methane capture, agricultural nitrous oxide reductions, refrigerant leakage reduction etc.)
- Low-carbon energy consumption – emissions reduction initiatives relating to increasing low-carbon energy consumption i.e. energy from renewable sources, nuclear plants and fossil-fuel plants fitted with carbon capture and storage.
- Low-carbon energy generation – initiatives relating to the installation of low-carbon energy generating facilities (renewable, nuclear or fossil-fuel plants fitted with carbon capture and storage) at your own site or at others on behalf of your clients.
- Non-energy industrial process emissions reductions – initiatives to reduce emissions from industrial production processes which chemically or physically transform materials (e.g. CO2 from the calcinations step in cement manufacturing, CO2 from catalytic cracking in petrochemical processing, PFC emissions from aluminum smelting etc.)
- Transportation – initiatives relating to employee travel and commuting and the company fleet.
- Waste reduction and material circularity – circular economy and waste reduction initiatives (e.g. reuse, recycling, remanufacturing, product/service design to reduce waste etc.).
- Other, please specify – If none of the listed categories are applicable to your activity, select this option and specify the activity.
Details of proposal (column 2)
- Explain the extent to which the projects were evaluated and, if applicable, to what stage the project has progressed.
- If you do not have any emissions reduction activities resulting from Action Exchange at any stage of implementation, please explain why not.
- Your answer to this question will be visible.
Glossary - Climate Change
- Acquisition: Obtaining ownership and control by one firm, in whole or in part, of another firm or business entity.
- Adaptation: Adjustment to climate change current or expected effects so the consequences to the business and environment are alleviated and beneficial opportunities are realized.
- Attribute: Descriptive or performance characteristics of a particular generation resource. For Scope 2 GHG accounting, the GHG emission rate attribute of the energy generation is required to be included in a contractual instrument in order to make a claim.
- Best available technique (BAT): Best available technique (BAT) refers to the available techniques which are the best for preventing or minimizing emissions and impacts on the environment. BAT include both the technology used, and the way your installation is designed, built, maintained, operated and decommissioned.
- Biogas: A gas derived principally from the anaerobic fermentation of biomass and solid wastes and combusted to produce heat and/or power. Included in this category are landfill gas and sludge gas (sewage gas and gas from animal slurries) and other biogas.
- Biogenic carbon: This refers to carbon which is contained in biomass (both above-ground and below-ground), dead organic matter, soil organic matter, and harvested products.
- Board: Or “Board of Directors” refers to a body of elected or appointed members who jointly oversee the activities of a company or organization. Some countries use a two-tiered system where “board” refers to the “supervisory board” while “key executives” refers to the “management board".
- C-suite: A term used to collectively refer to the most senior executive team.
- Capital allocation: Refers to distributing and investing a company's financial resources in ways that will increase its efficiency and maximize its profits. Some options for allocating capital could include returning cash to shareholders via dividends, repurchasing shares of stock, issuing a special dividend, or increasing a research and development (R&D) budget. Alternatively, the company may opt to invest in growth initiatives, which could include acquisitions and organic growth expenditures.
- Capital expenditure: A measure of the value of purchases of fixed assets such as property, buildings, an industrial plant, technology, or equipment. Put differently, CapEx is any type of expense that a company capitalizes, or shows on its balance sheet as an investment, rather than on its income statement as an expenditure.
- Carbon capture and storage (CCS): As defined by the IEA, a family of technologies and techniques that enable the capture of carbon dioxide (CO2) from fuel combustion or industrial processes, the transport of CO2 via ships or pipelines, and its storage underground, in depleted oil and gas fields and deep saline formations.
- Carbon capture, utilization and storage (CCUS): A family of technologies and techniques in which carbon dioxide (CO2) is captured and utilized/used. Examples of direct utilization include CO2 use in the food and drink industry and for enhanced oil recovery. CO2 can also be converted into chemicals or fuels. If CO2 is stored but not utilized, then the process should be classified as CCS.
- Climate-related risk: In line with the TCFD, this refers to the potential negative impacts of climate change on an organization. Physical risks emanating from climate change can be event-driven (acute) such as increased severity of extreme weather events (e.g., cyclones, droughts, floods, and fires). They can also relate to longer-term shifts (chronic) in precipitation, temperature and increased variability in weather patterns (e.g., sea level rise). Climate-related risks can also be associated with the transition to a lower-carbon global economy, the most common of which relate to policy and legal actions, technology changes, market responses, and reputational considerations.
- Climate-related opportunity: In line with the TCFD, this refers to the potential positive impacts on an organization resulting from efforts to mitigate and adapt to climate change, such as through resource efficiency and cost savings, the adoption and utilization of low-emission energy sources, the development of new products and services, and building resilience along the supply chain. Climate-related opportunities will vary depending on the region, market, and industry in which an organization operates.
- Combustion: Combustion refers to combustion within the company’s boundary giving rise to emissions of CO2, N2O, and CH4. Sources may include boilers, heaters, furnaces, incinerators, internal combustion engines, and turbines. Scope 1 GHG emissions exclude emissions of CO2 arising from the combustion and fermentation of biomass and biofuels; these emissions are reported as a separate category.
- Company: Throughout this questionnaire, “your company” refers collectively to all the companies, businesses, organizations, other entities or groups that fall within your definition of the reporting boundary.This term is used interchangeably with “your organization”, but CDP recognizes that some disclosing organizations may not consider themselves to be, or be formally classified, as “companies”.
- Consolidation approach: The identification of companies, businesses, organizations etc. for inclusion within the reporting boundary of the responding organization is known as the “consolidation approach”. The way in which you report information for the companies that are included within the reporting boundary is known as the “consolidation approach” because, unless stated otherwise, the information you provide in response to the questionnaire should be presented as one “consolidated” result covering all of the companies, entities, businesses etc within your reporting boundary. The GHG Protocol states that two distinct approaches may be used to consolidate GHG emissions; the equity share and the control approaches. Control can be defined in either financial (financial control) or operational (operational control) terms.
- Consumption: Consumption includes the use of goods, waste disposal and end of life treatment of products sold by the reporting organization.
- Contractual instrument (or 'instrument'): Any type of contract between two parties for the sale and purchase of energy bundled with attributes about the energy generation, or for unbundled attribute claims. Markets differ as to what contractual instruments are commonly available or used by companies to purchase energy or claim specific attributes about it, but they can include energy attribute certificates (e.g. RECs, GOs), direct contracts (PPAs), green tariffs and other instruments.
- Direct costs: Also known as “costs of goods or services sold”. These expenses can be attributed to the manufacture of a particular product or the provision of a particular service.
- Divestment: A process for selling assets for financial, environmental, political or social goals.
- Electricity: In line with GHG Protocol, this term is used as shorthand for electricity, steam, and heating/cooling. Purchased electricity is defined as electricity that is purchased or otherwise brought into the organizational boundary of the company. Scope 2 emissions physically occur at the facility where electricity is generated.
- Energy attribute certificates: A category of contractual instruments used in the energy sector to convey information about energy generation to other entities involved in the sale, distribution, consumption, or regulation of electricity.
- Feedstocks: Feedstocks are raw materials, ranging from fossil fuels to biomass-based resources. These materials are fed into a process, and converted into other commodities or resources, which are either used directly or further transformed . For example, in the steel industry, coking coal is converted to coke, which is used in the steel production. In the petrochemical industry, gaseous feedstocks (ethane, propane, or butane) are used to produce high value chemicals.
- Financial planning: In line with the TCFD recommendations, refers to an organization’s consideration of how it will achieve and fund its objectives and strategic goals. Financial planning allows organizations to assess future financial positions and determine how resources can be utilized in pursuit of short- and long-term objectives. As part of financial planning, organizations often create “financial plans” that outline the specific actions, assets, and resources (including capital) necessary to achieve these objectives over a 1- 5 year period. However, financial planning is broader than the development of a financial plan as it includes long-term capital allocation and other considerations that may extend beyond the typical 3-5 year financial plan (e.g., investment, research and development, manufacturing, and markets).
- Fugitives: Fugitives comprises all intentional or unintentional releases of carbon dioxide (CO2) methane (CH4) and other greenhouse gases. The primary sources of these emissions may include fugitive equipment leaks, evaporation losses, venting, flaring and accidental releases. Further examples of leak sources include valves, fittings, flanges, compressor seals, other compressor related leaks, heaters, dehydrators, and pipelines. Accidental fugitive emissions can be individually found and fixed in order to make the emissions near zero. Emissions from non-point sources, such as wastewater treatment and surface impoundments, should be accounted for under fugitive emissions.
- gCO2/kWh: Grams of carbon dioxide (gCO2) per kilowatt hour (kWh)of electricity consumed.
- gCO2e/kWh: Grams of carbon dioxide equivalents (CO2e) emitted per kilowatt hour (kWh) of electricity consumed. CO2-equivalents allow for other Greenhouse Gases (GHGs) to be expressed in relation to CO2 based on their Global Warming Potentials (GWPs).
- GHG inventory: A quantified list of an organization’s greenhouse gas emissions and sources.
- Global warming potential (GWP): The Intergovernmental Panel on Climate Change (IPPC)’s Fifth Assessment Report (AR5) defines the Global Warming Potential (GWP) as “an index, based on radiative properties of greenhouse gases, measuring the radiative forcing following a pulse emission of a unit mass of a given greenhouse gas in the present day atmosphere integrated over a chosen time horizon, relative to that of carbon dioxide. The GWP represents the combined effect of the differing times these gases remain in the atmosphere and their relative effectiveness in causing radiative forcing. The Kyoto Protocol is based on GWPs from pulse emissions over a 100-year time frame.” By using GWPs, GHG emissions from multiple gases can be standardized to a carbon dioxide equivalent (CO2e).
- Greenhouse gases: In line with Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC) and amendment issued by the Greenhouse Gas Protocol on May 2013 the basket of greenhouse gases (GHGs) consists of:
- Carbon dioxide (CO2);
- Methane (CH4);
- Nitrous oxide (N2O);
- Hydrofluorocarbon family of gases (HFCs);
- Perfluorocarbon family of gases (PFCs);
- Sulfur hexafluoride (SF6), and;
- Nitrogen trifluoride (NF3).
Nitrogen trifluoride (NF3) is now considered a potent contributor to climate change and is therefore mandated to be included in national inventories under the UNFCCC. NF3 should also be included in GHG inventories under the GHG Protocol Corporate Standard, and the GHG Protocol Corporate Value Chain (Scope 3) Standard.
- Heating Value: Lower heating value (LHV) and Higher heating value (HHV), also known as net calorific value (NCV) and gross calorific value (GCV) respectively, are different measures of heat energy released from fuel combustion. Figures measured in HHV are larger because HHV includes the latent heat of water vaporization from combustion, whereas LHV does not. The difference between LHV and HHV is related to the fuel’s hydrogen content.
- Indirect (operating) costs: Refers to the essential expenses incurred in order to maintain the business including wages, rent, transport, energy (electricity, fuel, etc.), maintenance, and so on. These expenses cannot be attributed to the manufacture of a particular product or the provision of a particular service - they are standard costs that apply regardless of the volume of goods produced.
- Intensity metrics : Intensity metrics describe an organization’s CO2e emissions in the context of another business metric. In this way, the emissions are normalized to account for growth. Intensity is calculated by dividing the CO2e emissions figure (the numerator) by an alternative business metric (the denominator), such as the number of full-time equivalent employees, the revenue or tons of aggregate produced.
- Land use: Land use is based on the functional dimension of land for different human purposes or economic activities. Typical categories for land use are dwellings, industrial use, transport, recreational use or nature protection areas. Additional land use metrics can relate to the climate-related arrangements, activities, and inputs regarding these categories that organizations engage in, and can include land use change and land use management metrics.
- Low-carbon energy: In line with the IEA definition, low-carbon technologies are technologies that produce low – or zero – greenhouse-gas emissions while operating. In the power sector this includes fossil-fuel plants fitted with carbon capture and storage, nuclear plants and renewable-based generation technologies. Natural gas, combined cycle gas turbine and fossil fuel-based combined heat and power (cogeneration), despite being less carbon intensive than other means of electricity production like coal, are not considered low-carbon.
- 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 the Climate Bonds Taxonomy, the Global Investor Coalition on Climate Change’s Low Carbon Investment Registry, and the EU Taxonomy for Environmentally Sustainable Economic Activities.
- Low-carbon transition plan: A plan on how to transition the company to a business model compatible with a net-zero carbon economy. The Oxford Martin Net Zero Carbon Investment Initiative proposes a set of principles to facilitate engagement between investors and companies on long-term climate strategies. According to these principles, companies should: (1) Commit to a timeframe to reach net-zero emissions in line with the Paris goals; (2) Demonstrate that they will be able to continue to be profitable once they reach net-zero emissions; and (3) Set quantitative mid-term targets to be able to demonstrate progress against their long-term goals. The transition plan defines how the business model, its associated products and production methods, growth strategy and capital investments need to develop over time to respond to climate-related risks and to capitalize on opportunities. A transition plan is therefore a plan that outlines how a company will transition from where it is now to where it needs to get to in order to thrive in a net-zero carbon world in the future.
- Mainstream reports: In line with CDSB, this refers to the annual reporting packages in which organizations are required to deliver their audited financial results under the corporate, compliance or securities laws of the country in which they are incorporated or, if relevant, operate. Mainstream reports are traditionally publicly available. They provide information to existing and prospective investors about the financial position and financial performance of the organisation. The exact provisions under which companies are required to deliver mainstream financial reports differ internationally, but will generally contain financial statements and other financial reporting, including governance statements and management commentary.
- Metric tons of CO2 (tCO2): a metric ton of carbon dioxide (CO2) has a mass of 1000 kg, equivalent to 2204.62 lbs. The “long ton”, a term generally used in Britain, is equivalent to 2,240lbs and the “short ton” is generally used in the USA and is equivalent to 2,000 lbs.
- Metric tons of CO2-equivalent (tCO2e): a metric that allows for other Greenhouse Gases (GHGs) to be expressed in relation to CO2 based on their Global Warming Potentials (GWPs). A metric ton is 1000 kg, equivalent to 2204.62 lbs.
- Mitigation: or "climate change mitigation" refers to efforts to reduce or prevent emission of greenhouse gases.
- Organization: Throughout this questionnaire, “your organization” refers collectively to all the companies, businesses, other entities or groups that fall within the definition of your reporting boundary (provided in C0.5). This term is used interchangeably with “your company”. CDP recognizes that some disclosing organizations may not consider themselves to be, or be formally classified, as “companies”.
- Process emissions: emissions from industrial production processes which chemically or physically transform materials (e.g. CO2 from the calcinations step in cement manufacturing, CO2 from catalytic cracking in petrochemical processing, PFC emissions from aluminum smelting, etc.)
- Purchased or acquired electricity, steam, heat, and/or cooling: Specific information on these energy carriers can be found in section 5.3.1 and Appendix A of the GHG Protocol Scope 2 Guidance. The terms ‘purchased’ and ‘acquired’ are used when your organization has received the energy from a third party. This rules out energy that is sourced from within the organizational/sector boundary. It should be noted that purchased or acquired heat does not include the heat content, or calorific value, of fuels that are purchased or acquired by the organization. This is accounted for at the point of fuel consumption, which falls inside the Scope 1 boundary. You should also be aware that steam, heat or cooling received via direct line as ‘waste’ from an industrial process, should still be accounted for if it is consumed.
- Renewable energy: CDP follows the definition of renewable energy given in the GHG Protocol: “Energy taken from sources that are inexhaustible, e.g. wind, water, solar, geothermal energy and biofuels.”
- Reporting boundary: This determines which organizational entities, such as groups, businesses and companies, are included in or excluded from your disclosure. These may be included according to your financial control, operational control, equity share or another measure. Please consistently apply this organizational boundary when responding to questions unless you are specifically asked for data about another category of 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
- Revenue: Income arising in the course of an entity’s ordinary activities (less returns, allowances and discounts) - before deducting costs for the goods/services sold and operating expenses to arrive at profit (based on the International Financial Reporting Standard)
- Risk management: Risk management involves identifying, assessing and responding to risk to make sure organizations achieve their objectives. It must be proportionate to the complexity and type of organization involved (based on Institute of Risk Management, 2016).
- Scenario analysis: A scenario describes a potential path of development that will lead to a particular outcome or goal. Scenario analysis is the process of highlighting central elements of a possible future and drawing attention to key factors (or critical uncertainties). It is a tool to enhance critical strategic thinking by challenging “business-as-usual” assumptions, and to explore alternatives based on their relative impact and likelihood of occurrence. Scenarios are not forecasts or predictions, but tools to describe potential pathways that lead to a particular outcome or goal.
- Qualitative scenarios: A high level, narrative approach to scenario analysis, suitable for organizations familiarizing themselves with the process. Qualitative scenario analysis explores relationships and trends for which little or no numerical data is available.
- Quantitative scenarios: A more detailed method for conducting scenario analysis, with greater rigor and sophistication in the use of data sets and quantitative models which may warrant further analysis. Quantitative scenario analysis can be used to assess measurable trends and relationships using models and other analytical techniques.
- 2°C or lower scenario: A core element of the TCFD’s Strategy recommendation c) “Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario”. A 2°C scenario provides a reference point that is generally aligned with the objectives of the Paris Agreement. There are publicly available scenarios (such as IEA 2DS, IEA 450, Deep Decarbonization Pathways Project, and International Renewable Energy Agency) organizations can use, as a direct tool, or a reference point for tailored scenarios.
- Publicly available 2°C scenarios: Taken from the TCFD recommendations, “Publicly available 2°C scenarios” refer to 2°C scenarios which are:
- used/referenced and issued by an independent body;
- wherever possible, supported by publicly available datasets;
- updated on a regular basis; and
- linked to functional tools (e.g., visualizers, calculators, and mapping tools) that can be applied by organizations.
- Sequestration of CO2: The fixation of atmospheric carbon dioxide in a carbon sink through biological or physical processes.
- Strategy: In line with TCFD recommendations, refers to an organization’s desired future state. An organization’s strategy establishes a foundation against which it can monitor and measure its progress in reaching that desired state. Strategy formulation generally involves establishing the purpose and scope of the organization’s activities and the nature of its businesses, taking into account the risks and opportunities it faces and the environment in which it operates.
- Substantive impact: An impact that has a considerable or relatively significant effect on an organization at the corporate level. This could include operational, financial or strategic effects that undermine the entire business or part of the business.
Terms for responding to Investors (2020 Climate Change)
These terms apply if you are submitting a response to the CDP Climate Change Questionnaire 2020 to Investors. If you are also submitting a response to Supply Chain Members the Terms for responding to Supply Chain Members (2020 Climate Change), below, will also apply.
1.DEFINITIONS
Billing Company: means the organization determined in accordance with the table at the end of these terms.
CDP: means CDP Worldwide, a charitable company registered with the Charity Commission of England and Wales (registered charity no. 1122330 and a company number 05013650). References to “we”, “our” and “us” in these terms are references to CDP and the Billing Company.
Deadline: means 26 August 2020.
Fee: means the fee set out in the table at the end of these terms, which is exclusive of any applicable taxes.
Full Version: means the version of the Questionnaire which contains all questions that are applicable to you.
Minimum Version: means the version of the Questionnaire which contains a subset of the questions included in the Full Version.
Personal Data: means data which relates to an individual who can be identified from the data, such as a person’s name and job title.
Questionnaire: means the Full Version and the Minimum Version of the CDP Climate Change Questionnaire 2020.
Responding Company: means the company responding to the Questionnaire. References to “you” and “your” in these terms are references to the Responding Company.
2.PARTIES
The parties to these terms shall be CDP, the Billing Company (where the Billing Company is not CDP) and the Responding Company.
3.THESE TERMS
These are the terms that apply when you submit a response to our Questionnaire to Investors. If you do not agree to these terms, please contact us at [email protected] to discuss them with us.
4.RESPONDING TO OUR QUESTIONNAIRE
General. When responding to our Questionnaire, you will be given a choice as to whether your response can be made public or whether your response is non-public. We strongly encourage you to make your response public.
Deadline for responding. You must submit your response to us using our online response system by the Deadline for your response to be eligible for scoring. If you submit your response after the Deadline but on or before 30 September 2020 (the date our online response system will close in 2020) it will not be scored and may not be included in any report, data product or other analysis.
Public responses. If you agree that your response can be made public, we may use and make it available for all purposes that we decide (whether for a fee or otherwise), including, for example, making your response available on our website, to our investor signatories and other third parties and scoring your response.
Non-public responses. If your response is non-public, we may use it only as follows:
(a) make it available as soon as it is received by CDP to our investor signatories from time to time (as listed on our website) either directly or through Bloomberg terminals, for any use within their organizations but not for publication unless any data from your response has been anonymized or aggregated in such manner that it has the effect of being anonymized;
(b) make it available as soon as it is received by CDP to our group companies, companies we license to operate using the CDP name and brand (for example, CDP North America, Inc and CDP Europe AISBL), our country partners, research partners, report writers and scoring partners (each from time to time):
(i) to score your response; and
(ii) for any other use within their organizations but not for publication unless any data from your response has been anonymized or aggregated in such manner that it has the effect of being anonymized.
Amending your response. You may amend a response you have submitted before the Deadline (26 August 2020). To do so you must notify us that you wish to amend your response by 20 August 2020 and you must resubmit it by the Deadline for your response to be eligible for scoring. From 21 August 2020, amendments to submitted responses can only be made by our staff and at our discretion and we may charge a fee for making them. Most such amendments to your response will be made from 2 November 2020 at the earliest. Please note that the final date for requesting an amendment is 30 November 2020 and any changes you request to your submitted response from 21 August 2020 may not be reflected in any score, report, data product or other analysis or use of your response. Please email [email protected] for more information about amending your response.
Scoring of responses to the Full Version (of the Questionnaire). If you submit your response to the Full Version in English using our online response system by the Deadline, your response will be scored.
Please contact your local CDP office for information about scoring if you intend to submit your response in a language other than English.
Scoring of responses to the Minimum Version (of the Questionnaire). Responses to the Minimum Version will only be scored in certain circumstances. Please contact your local CDP office for further information.
Publication and use of scores. If you are responding to a CDP Climate Change Questionnaire for the first time you may choose for your score to be “private” but in all other cases CDP may publish your score, and use and make it available for all purposes that we decide (whether for a fee or otherwise), regardless of whether your response is public or non-public. If you choose for your score to be “private”, unless you achieve an A grade in which case we may make your score public, we may only make it available to our group companies, companies we license to operate using the CDP name and brand, our country partners, research partners, report writers and scoring partners (each from time to time), in each case for any use within their organizations but not for publication. Note that if you also submit your response to Supply Chain Members it will also be available to any Supply Chain Member that has asked you to respond to the Questionnaire. For further details please see the Terms for responding to Supply Chain Members (2020 Climate Change).
5.FEE
Fee. We are a not-for-profit organization and charge certain companies an annual administrative fee to enable us to maintain the disclosure system. Unless you are exempt from paying the Fee, as set out below, if you are listed, incorporated or headquartered in a country/region that is listed in the next paragraph, you are required to pay the Fee plus any applicable taxes. The Fee is payable once regardless of how many responses (climate change, forests and water security) you submit in 2020. Please note that we may charge an additional fee if you want to amend your response after the Deadline or if you submit your response after the Deadline and you would like it to be scored.
Countries/regions where the Fee applies. A Responding Company will be required to pay the Fee if it is listed, incorporated or headquartered in any one of the following countries/regions:
Algeria, Argentina, Australia, Austria, Bahamas, Bahrain, Belarus, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Channel Islands, Chile, Colombia, Denmark, Egypt, Finland, France, Gabon, Germany, Hong Kong, Iceland, India, Indonesia, Iran (Islamic Republic of), Ireland, Israel, Italy, Japan, Kazakhstan, Kenya, Kuwait, Luxembourg, Malaysia, Mexico, Mongolia, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Peru, Philippines, Portugal, Qatar, Russian Federation, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates, the UK or the USA.
Exemptions from the Fee. A Responding Company is exempt from paying the Fee if:
(a) it falls within one of CDP’s investor samples and it has not submitted a response to CDP in the last three years; or
(b) it is responding only to CDP’s supply chain request.
Please note we will decide in our absolute discretion as to whether the Fee is payable or not and we will notify you before you submit your response. A full list of companies in our investor samples is available on our website.
Payment of the Fee. You must pay the Fee by credit or debit card or request an invoice via CDP’s online corporate dashboard, which must be paid within such time as set out in the invoice. Please note that you will not be able to submit your response unless you have paid the Fee, you have requested an invoice or you are exempt from paying the Fee.
6.RIGHTS IN THE RESPONSES
Ownership. All intellectual property rights in your response will be owned by you or your licensors.
License. You grant to us, or shall procure for us, a perpetual, irrevocable, non-exclusive, assignable, sub-licensable, royalty-free and global license to use your response and any copyright and data base rights in your response for the uses set out in these terms.
7.IMPORTANT REPRESENTATIONS
You confirm that:
(a) the person submitting the response to us is authorized by you to submit the response;
(b) you have obtained all necessary consents and permissions to submit the response to us; and
(c) the response that you submit:
(i) does not infringe the rights of any third party (including privacy, publicity or intellectual property rights);
(ii) does not defame any third party; and
(iii) does not include any Personal Data.
8.LIABILITY
We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury caused by our negligence or the negligence of our employees, agents or subcontractors; for fraud or fraudulent misrepresentation.
We are not liable for business losses. Subject to these terms, CDP and the Billing Company have no liability to you in any circumstances for any loss of revenue, loss of profit, loss of business, business interruption, loss of business opportunity, loss of goodwill, loss of reputation, loss of, damage to or corruption of data or software or any indirect or consequential loss or damage.
Exclusion of liability. Subject to these terms, CDP and the Billing Company have no liability to you in any circumstances arising from the content or submission of your response to us, our use of your response or your score and/or the use of your response or your score by any third parties.
Limitation of liability. Subject to these terms, CDP and the Billing Company’s total liability to you in all circumstances shall be limited to an amount equivalent to the Fee or to £785 if you are not required to pay the Fee.
9.GENERAL
We may transfer our rights to someone else. We may transfer our rights and obligations under these terms to another organization.
Nobody else has any rights under these terms. These terms are between you and us. No other person shall have any rights to enforce any of its terms.
Entire agreement. These terms constitute the entire agreement between you and us unless you also choose to share your response with supply chain members, in which case you will also be subject to our Terms for responding to Supply Chain Members (2020 Climate Change).
Variation. CDP (acting on its own behalf and the Billing Company’s behalf, if applicable) reserves the right to change these terms at any time. Such changes shall be effective immediately or such other time as CDP elects. In the event of any materially adverse changes, you may request to withdraw your response within 30 days of us notifying you of the change.
If a court finds part of these terms illegal, the rest will continue in force. Each of the paragraphs of these terms operates separately. If any court or relevant authority decides that any of them are unlawful, the remaining paragraphs will remain in full force and effect.
Governing law and jurisdiction. These terms are governed by English law and you and us both agree to the exclusive jurisdiction of the English courts to resolve any dispute or claim arising out of or in connection with these terms or their subject matter or formation.
Language. If these terms are translated into any language other than English, the English language version will prevail.
10.AMOUNT OF FEE
Location of Responding Company
|
Fee (exclusive of any applicable taxes)
|
Brazil
|
BRL 4,000
|
India
|
INR 67,000
|
Japan
|
JPY 97,500
|
UK
|
GBP 785
|
Europe (excluding UK)
|
EUR 925
|
Rest of the world
|
USD 975
|
11.BILLING COMPANY
Billing Company | Location of Responding Company |
---|
CDP Worldwide
| Algeria, Australia, Bahamas, Bahrain, Belarus, Bermuda, Cayman Islands, Channel Islands, Egypt, Gabon, Hong Kong, Indonesia, Iran (Islamic Republic of), Ireland, Israel, Kazakhstan, Kenya, Kuwait, Malaysia, Mongolia, New Zealand, Nigeria, Oman, Pakistan, Philippines, Qatar, Russian Federation, Saudi Arabia, Singapore, South Africa, South Korea, Taiwan, Thailand, Turkey, United Arab Emirates, United Kingdom
|
CDP Worldwide (Europe) gGmbH
| Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland
|
CDP North America, Inc
| Canada, USA
|
Carbon Disclosure Project (Latin America)
| Argentina, Brazil, Chile, Colombia, Mexico, Peru
|
CDP Operations India Private Limited | India
|
一般社団法人
CDP Worldwide-Japan
| Japan
|
If the Responding Company is located in a territory that is not listed in the table above, the Billing Company shall be CDP Worldwide.
Terms for responding to Supply Chain Members (2020 Climate Change)
These terms apply if you are submitting a response to the CDP Climate Change Questionnaire 2020 to Supply Chain Members. If you are also submitting a response to Investors the Terms for responding to Investors (2020 Climate Change), above, will also apply.
1.DEFINITIONS
CDP: means CDP Worldwide, a charitable company registered with the Charity Commission of England and Wales (registered charity no. 1122330 and a company number 05013650). References to “we”, “our” and “us” in these terms are references to CDP.
Deadline: means 26 August 2020.
Full Version: means the version of the Questionnaire which contains all questions that are applicable to you.
Minimum Version: means the version of the Questionnaire which contains a subset of the questions included in the Full Version.
Personal Data: means data which relates to an individual who can be identified from the data, such as a person’s name and job title.
Questionnaire: means the Full Version and the Minimum Version of the CDP Climate Change Questionnaire 2020.
Responding Company: means the company responding to the Questionnaire. References to “you” and “your” in these terms are references to the Responding Company.
Supply Chain Member: means an organization that is requesting data from its suppliers.
2.PARTIES
The parties to these terms shall be CDP and the Responding Company.
3.THESE TERMS
These are the terms that apply when you submit a response to our Questionnaire to Supply Chain Members. If you do not agree to these terms, please contact us at [email protected] to discuss them with us.
4.RESPONDING TO OUR QUESTIONNAIRE
General. When responding to our Questionnaire, you will be given a choice as to whether your response can be made public or whether your response is non-public. We strongly encourage you to make your response public, but in either case, we will not divulge the relationship between you and any Supply Chain Member that has asked you to respond other than to our group companies, companies we license to operate using the CDP name and brand (for example, CDP North America, Inc and CDP Europe AISBL), our country partners, research partners, report writers and scoring partners (each from time to time), all of which are obliged to keep such relationship confidential.
Deadline for responding. You must submit your response to us using our online response system by the Deadline for your response to be eligible for scoring. If you submit your response after the Deadline but on or before 30 September 2020 (the date our online response system will close in 2020) it will not be scored and may not be included in any report, data product or other analysis.
Public responses. If you agree that your response can be made public, we may use and make it available for all purposes that we decide (whether for a fee or otherwise), including, for example, making your response available on our website, to our investor signatories and other third parties and scoring your response. Note that information you submit within the Supply Chain module (2020 Climate Change) will be treated as non-public (see below for details).
Non-public responses. If your response is non-public, we may use it only as follows:
(a) make it available as soon as it is received by CDP to any Supply Chain Member that has asked you to respond to the Questionnaire for any use within their organization but not for publication unless any data from your response has been anonymized or aggregated in such manner that it has the effect of being anonymized;
(b) make it available as soon as it is received by CDP to our group companies, companies we license to use the CDP name and brand, our country partners, research partners, report writers and scoring partners (each from time to time):
(i) to score your response; and
(ii) for any other use within their organizations but not for publication unless any data from your response has been anonymized or aggregated in such manner that it has the effect of being anonymized.
Supply Chain module (2020 Climate Change). Information you submit in response to the Supply Chain module (2020 Climate Change) (questions SC0, SC1, SC2, SC3 and SC4 of the Questionnaire) will be treated as non-public even if you choose to make your response public. Questions SC1.1, SC2.1, SC2.2a, SC3.1a and SC4.2e ask you to select a Supply Chain Member using a drop-down menu in our online response system, and only the Supply Chain Member you select for each row will have access to the information in it. For all other questions in the Supply Chain module (2020 Climate Change) the information you submit will be accessible to any Supply Chain Member that has asked you to respond to the Questionnaire. All information you submit in the Supply Chain module (2020 Climate Change) will be accessible to CDP and to our group companies, companies we license to operate using the CDP name and brand, our country partners, research partners, report writers and scoring partners (each from time to time), all of which are obliged to keep such information confidential.
Amending your response. You may amend a response you have submitted before the Deadline (26 August 2020). To do so you must notify us that you wish to amend your response by 20 August 2020 and you must resubmit it by the Deadline for your response to be eligible for scoring. From 21 August 2020, amendments to submitted responses can only be made by our staff and at our discretion and we may charge a fee for making them. Most such amendments to your response will be made from 2 November 2020 at the earliest. Please note that the final date for requesting an amendment is 30 November 2020 and any changes you request to your submitted response from 21 August 2020 may not be reflected in any score, report, data product or other analysis or use of your response. Please email [email protected] for more information about amending your response.
Scoring of responses to the Full Version (of the Questionnaire). If you submit your response to the Full Version in English using our online response system by the Deadline your response will be scored.
Please contact your local CDP office for information about scoring if you intend to submit your response in a language other than English.
Scoring of responses to the Minimum Version (of the Questionnaire). Responses to the Minimum Version will only be scored in certain circumstances. Please contact your local CDP office for further information.
Publication of scores. Unless you achieve an A grade, in which case we may make your score public, we may only make your score available to any Supply Chain Member that has asked you to respond to the Questionnaire, our group companies, companies we license to operate using the CDP name and brand, our country partners, research partners, report writers and scoring partners (each from time to time), in each case for any use within their organizations but not for publication.
5.RIGHTS IN THE RESPONSES
Ownership. All intellectual property rights in your response will be owned by you or your licensors.
License. You grant to us, or shall procure for us, a perpetual, irrevocable, non-exclusive, assignable, sub-licensable, royalty-free and global license to use your response and any copyright and data base rights in your response for the uses set out in these terms.
6.IMPORTANT REPRESENTATIONS
You confirm that:
(a) the person submitting the response to us is authorized by you to submit the response;
(b) you have obtained all necessary consents and permissions to submit the response to us; and
(c) the response that you submit:
(i) does not infringe the rights of any third party (including privacy, publicity or intellectual property rights);
(ii) does not defame any third party; and
(iii) does not include any Personal Data.
7.LIABILITY
We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury caused by our negligence or the negligence of our employees, agents or subcontractors; for fraud or fraudulent misrepresentation.
We are not liable for business losses. Subject to these terms, CDP has no liability to you in any circumstances for any loss of revenue, loss of profit, loss of business, business interruption, loss of business opportunity, loss of goodwill, loss of reputation, loss of, damage to or corruption of data or software or any indirect or consequential loss or damage.
Exclusion of liability. Subject to these terms, CDP has no liability to you in any circumstances arising from the content or submission of your response to us, our use of your response or your score and/or the use of your response or your score by any third parties.
Limitation of liability. Subject to these terms, CDP’s total liability to you in all circumstances shall be limited to £785.
8.GENERAL
We may transfer our rights to someone else. We may transfer our rights and obligations under these terms to another organization.
Nobody else has any rights under these terms. These terms are between you and us. No other person shall have any rights to enforce any of its terms.
Entire agreement. These terms constitute the entire agreement between you and us, unless you also choose to share your response with investors in which case you will also be subject to our Terms for responding to Investors (2020 Climate Change).
Variation. CDP reserves the right to change these terms at any time. Such changes shall be effective immediately or such other time as CDP elects. In the event of any materially adverse changes, you may request to withdraw your response within 30 days of us notifying you of the change.
If a court finds part of these terms illegal, the rest will continue in force. Each of the paragraphs of these terms operates separately. If any court or relevant authority decides that any of them are unlawful, the remaining paragraphs will remain in full force and effect.
Governing law and jurisdiction. These terms are governed by English law and you and us both agree to the exclusive jurisdiction of the English courts to resolve any dispute or claim arising out of or in connection with these terms or their subject matter or formation.
Language. If these terms are translated into any language other than English, the English language version will prevail.
About CDP
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests.
Voted number one climate research provider by investors and working with institutional investors with assets of US$96 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts.
Please visit www.cdp.net or follow us @CDP to find out more.
What is the legal status of CDP?
CDP Worldwide (CDP) is a UK Registered Charity no. 1122330 and a company limited by guarantee registered in England no. 05013650. The charity has wholly owned subsidiaries in Germany and China and companies in Australia, Brazil and India over which it exercises control through majority Board representation. In the US, CDP North America, Inc. is an independently incorporated affiliate which has United States IRS 501(c)(3) charitable status.
© 2020 CDP Worldwide
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