Carbon Disclosure Project 2011 – Global 500 Report


Figure 10: Companies with targets by sector 45 94% 90% 40 41 84% 81% 79% 35 74% 71% 30 60% 25 55% 26 50% 20 18 15 16 15 11 10 10 9 7 5 5 4 0


Consumer Discretionary


Consumer Staples


2 Energy Financials Health Care Industrials


Information Technology


■ Absolute and intensity targets ■ Absolute targets ■ Intensity targets ■ No targets


The target setting practice of companies varies significantly across sectors. The sector with the highest proportion of responding companies with targets is Consumer Staples at 94% (34). Energy has the lowest proportion of responding companies with targets at 55% (22), which, in view of the high emissions from this sector points to a need for significant improvement.


Materials Telecoms Percentage of sector with any target


A large majority of companies with absolute or intensity reduction targets are on track to achieve or are outperforming their targets. The average emissions reduction already attained by the Global 500 against their targets is 60%, which has taken on average 57% of their allotted ‘target time’. Overall, companies are currently outperforming 71% (338) of their


emissions reduction targets. The recent economic downturn has had an impact on companies’ emissions and should also be considered alongside progress in meeting targets and in relation to reduced emissions disclosure.


Utilities 5 5 4 4 4 4 2 0% 9 8 7 8 10 9 10 8 7 6 10 9 9 9 9 7 6 10% 8 20% 19 18 16 30% 40% 70% 76% 81% 80% 90% 100%


14


Number of companies


% of sector


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