Carbon Disclosure Project 2011 – Global 500 Report
Figure 13: Opportunities identified by type
350 300 250 200 150 100 50 0
(78%) (56%) 93% (368) (27%) 107
Board level responsibility (2010:85%, 328)
223 (62%) 247 307
Figure 14: Integration of climate change in corporate governance Note: Not to scale
62%(246) Regulatory Physical
Reputation and
customer behavior12
Other
Board level responsibility and monetary incentives
49% (195) All 3
(2010: 30%, 115)
64% (255)
Integrated strategy and board level responsibility
65% (259)
Monetary incentives (2010:49%, 188)
52% (206)
Monetary incentives and integrated strategy
68% (269)
Integrated strategy (2010: 48%, 187)
(27) of respondents have disclosed that they have a mixture of recognition and other non-monetary incentives. A distinguishing mark of all 29 CPLI companies is that they have one or more climate change related monetary incentives for staff.
“Our Chairman’s Award recognises individual and team excellence in climate change as well as other corporate responsibility areas such as safety, customer service, and community engagement. The Awards are open to all employees.” National Grid
“Energy Excellence Awards programme that rewards associates who develop energy saving or renewable energy projects.” Novartis
Opportunities
85% (337) of 2011 respondents (2010: 86%, 329) show a continued awareness of significant opportunities relating to climate change, indicating that the overwhelming majority of companies see that climate change offers them a positive means of transformation to deliver sustainable, low carbon products and services. It is this increasing
awareness of potential opportunities which will be key to the Global 500 accelerating low carbon growth. Over three-quarters of companies (78%, 307) see regulatory opportunities while 62% (247) of companies identify opportunities linked to reputation and customer behavior. Notably, companies have stressed the sizeable opportunity to seize a market leadership position by mitigating their climate change effects and communicating their actions to shareholders and customers. 200 companies (51% of respondents) noted opportunities in all three categories (regulatory, physical, reputation and customer behavior).
18
12. The “Reputation & Customer Behavior” group includes the following types of opportunity: reputation, changing consumer behavior, induced changes in human and cultural environments, fluctuating socio-economic conditions, increasing humanitarian demands.
Number of companies
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