Dati e trasparenza per affrontare il cambiamento climatico - Matteo Brezza Milano, Forum Finanza Sostenibile - Forum per la Finanza Sostenibile
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Dati e trasparenza per affrontare il cambiamento climatico Matteo Brezza Milano, Forum Finanza Sostenibile 21 Febbraio 2019
ABOUT CDP
CDP is a global environmental impact non-profit working to secure a thriving
economy that works for people and planet.
Information is the fundamental basis for action. We help investors, companies and
cities to measure, understand and address their environmental impact.
The world’s economy looks to CDP as the gold standard of environmental
reporting with the most comprehensive dataset on corporate and city action.
We aim to make environmental reporting mainstream and provide detailed
insights to drive action for a climate safe, water secure, deforestation free world.
2
HOW WE WORK: The Stakeholders
In 2018:
520+ investors with US$93 trillion in assets
110+ supply chain members with over US$3 trillion in purchasing power
7,000+ companies responded through CDP
620+ cities disclosed environmental information
120+ states and regions measured their environmental impacts
3HOW WE WORK: The Investor Request
Investors use CDP disclosure, data and insights to make informed decisions
around investment and engagement, and drive action
INVESTORS CORPORATES
DISCLOSURE
AUTHORITY REQUEST
CDP provides disclosure, data and insights Companies provide data on environmental
back to investors impacts around TCFD (risks, opportunities,
investments and strategies).
4HOW WE WORK: The Supply Chain Request
Companies use CDP disclosure and data from suppliers to make informed
decisions around operations, investments and strategy
CORPORATE
DISCLOSURE
AUTHORITY REQUEST
CDP provides disclosure, data and insights Suppliers provide data on
back to company about supply chain environmental impacts around TCFD
(risks, opportunities, investments and
strategies).
5THE CDP “CLUB”: Our Investors 6
A FORWARD-LOOKING FOCUS
Emphasis on Risk Management and Scenario Analysis
2018 MODULES
C0 Introduction
C1 Governance
Time horizon for assessment; Define risks
C2 Risks and opportunities
C3 Business strategy
C4 Targets and performance
Scenario Analysis ; Carbon Pricing
C5 Emissions methodology
C6 Emissions data
C7 Emissions breakdown Track Progress of Targets
C8 Energy
C9 Additional metrics
Other GHG emissions ; Scope 1 & 2 by production
C10 Verification
activities for sectors; other targets
C11 Carbon pricing
C12 Engagement
C13 Other land management
C14 Sign off
7RATING STRUCTURE AS DRIVER OF PERFORMANCE 8
DISCLOSURE 2018: EUROPE LEADS THE WAY 9
THE NON-DISCLOSURE ENGAGEMENT CAMPAIGN
Targeting of companies not disclosing to original sample
INVESTORS
75 investors involved
CORPORATES 692 invitation requests to companies:
o 419 climate change (85% increase)
o 34 forests (48% increase)
o 239 water (15% increase)
+13,4% response rate in 2018
10CDP Data in the Market 11
CDP Environmental Data is the Key Across the financial markets, policy initiatives and civil society 12
CDP Data Case Study: Index Integration
From a universe composed of the 120 largest stocks of
the SBF120, the 40 with the best environmental score
are selected for the new Euronext CDP Environment
France EW Decrement 5% (FRENV) index.
The environmental score is the average of a company’s
annual performance for its disclosures through CDP,
STOXX Climate Change Leaders Index is the first ever
that tracks the CDP “A List” available to market
participants, offering a fully transparent and tailored
solution to address long-term climate risks, while
participating in the sustainable growth of a low-carbon
economy.
https://www.stoxx.com/index-details?symbol=SXCCLUG
https://www.euronext.com/en/products/indices/NL0013025505-XAMSSTOXX® Global Climate Change Leaders Index
Source: Stoxx, January 2019
14CPR AM (Amundi) and CDP co-create Climate Action Fund
Exclusion of C and D ratings fundamental for universe definition
STARTING UNIVERSE
MSCI WORLD AC* Eligible
~2750 universe
CDP scores
743 stocks
706 729
CDP SCORING & SBT 700
~740
Eligible Eligible
universe universe
ESG RATINGS ESG controvers
ratings ies filter1
CONTROVERSIES
ELIGIBLE UNIVERSE
700
Source: CPR AM, as of December 2018
15 *Constraint of market cap (>500m$) & volume (>1m$)CDP Investor Initiatives Contacts: Berlin: matteo.brezza@cdp.net 16
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