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www.cdp.net | @CDP
platform for climate and environmental disclosure Presentation to - - PowerPoint PPT Presentation
platform for climate and environmental disclosure Presentation to - - PowerPoint PPT Presentation
CDP: The market led platform for climate and environmental disclosure Presentation to the TCFD Paul Simpson, CEO, CDP 9 th February 2016 www.cdp.net | @CDP The disclosure process www.cdp.net | @CDP Page 90 The global environmental
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www.cdp.net | @CDP
The disclosure process
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www.cdp.net | @CDP
The global environmental disclosure system
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5,533
Companies in more than 91 countries reporting – over half the world’s market cap
314
Cities sharing best practices – 390 million people, 61 leading megacities
75
Global corporate supply chains – US$ 2 trillion in annual procurement
822
Institutional investors requesting information – a third of the world’s investable capital
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www.cdp.net | @CDP
Investor interest in climate, water & forests disclosure, 2003-16
Forests
162
Reported in 2014
Water
1064
Reported in 2014
Climate change
5,000
Reported in 2014
10 20 30 40 50 60 70 80 90 100 100 200 300 400 500 600 700 800 900 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Assets (US$ Trillion) Number of Signatories
Climate Change Signatories Water Signatories Forests Signatories Climate Change Signatory Assets Water Signatory Assets Forests Signatory Assets
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Responding Companies, 2003-2015
253 295 355 922 1449 2204 2456 3050 3715 4112 4540 5003 5533 100 138 159 179 176 283 345 589 1064 1237
1000 2000 3000 4000 5000 6000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
CDP disclosure numbers by theme
Unique Theme Forests Theme Water
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TCFD scope linkages to CDP scope
Climate Change Forests Water
Risks from changing regulation Risks from changing physical climate parameters Risks from other climate- related developments Risks & opportunities Governance, Management & Strategy Measurement & Monitoring Physical risks from climate events Transition risks from changing to low carbon economy Liability risks from 3rd party claims
Task Force on Climate-related Financial Disclosures Cities
Risks from changing technology
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Harmonising disclosure of climate risk
CDP, GRI and DJSI have linked and aligned climate disclosure CDP part of Corporate Reporting Dialogue
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CDP collaboration on standards / frameworks
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Collaborating on sectorial approach & sharing data Formalising CDP experience into mainstream financial disclosures
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Collaboration will continue with core aims
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Consistency Transparency Integrating with financial disclosure Driving action to mitigate risk
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That in turn will benefit all stakeholders
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Lenders Insurers Investors Policy makers Businesses Comparability Risk minimisation Minimise disclosure burden to companies
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Suggestions for TCFD’s approach
Clarify users needs Review current state of corporate and investor disclosure Review current and evolving mandatory disclosure requirements Identify best practice both market led and regulation Identify gaps between needs and current best practice Make recommendations for investors, companies and regulators. Which resources can be used to guide approaches. Think about forward looking context based information such as stress tests on physical risk, 2 degree and carbon price pathways
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