The 2011 Carbon Performance Leadership Index (CPLI)


This year, for the second time, all companies with a sufficiently high disclosure score received a performance band; the qualifying threshold to receive a performance band was a disclosure score of 50. Disclosure scores of less than 50 do not necessarily indicate poor performance; rather, they indicate insufficient information to evaluate performance. However, it can be assumed that companies which do not disclose are inactive on climate change.


Performance is grouped into six bands:


A, A-, B, C, D and E (see Figure 22).


The Carbon Performance Leadership Index (CPLI) includes the companies in the highest performance band (A) and provides a valuable perspective on the range and quality of activities being performed by the Global 500 in response to climate change.


Eligibility for the CPLI (Band A)


• Attain a disclosure score of 50 or above


• Attain a performance score greater than 70


• Score maximum performance points on question 13.1a (absolute emissions performance); at least a 2.65%16


reduction in carbon


emissions must have been achieved as a result of emissions reduction activities over the last year


• Disclose gross global Scope 1 and Scope 2 figures


• Score maximum performance points for verification of Scope 1 and Scope 2


Notes:


• Band A- (A minus) companies are not in the CPLI. They are strong performers, with a performance score high enough to warrant inclusion in the CPLI but they do not meet all other CPLI requirements


• CDP reserves the right to exclude a company from the CPLI if there is anything in its response that calls into question its suitability for inclusion


Performance scoring is an instructive exercise for all stakeholders. The score provides an indication of the extent to which companies are addressing the potential opportunities and risks presented by climate change. CDP recognizes that this is a process that will evolve over time. It is important for investors to keep in mind that the carbon performance band is not:


• A measure of how low carbon a company is


• An assessment of the extent to which a company’s actions have reduced carbon intensity relative to other companies in its sector


• An assessment of how material a company’s actions are relative to the business; the score simply recognizes evidence of action


It is possible to review individual company disclosures in addition to performance rankings in order to gain the most comprehensive understanding of company performance. A listing of companies and their bands is included in Appendix I. Companies that did not qualify for a performance band appear in Appendix I with a dash (-) in the performance band column.


More information can be found in the information request, supporting methodology and guidance documents, as well as within individual company responses at www.cdproject.net.


Figure 22: Carbon performance elements Band A/A- (>70)


Fully integrated climate change strategy driving significant maturity in climate change initiatives


Band B (>50)


Integration of climate change recognized as priority for strategy, not all initiatives fully established


Band C (>30)


Some activity on climate change with varied levels of integration of those initiatives into strategy


Band D (>15)


Limited evidence of mitigation or adaptation initiatives and no/limited strategy on climate change


Band E (≤15)


Little evidence of initiatives on carbon management potentially due to companies just beginning to take action on climate change


No performance score allocated below a disclosure of 50%


16. The Intergovernmental Panel on Climate Change (IPCC) has set a target of 80% reduction in emissions by 2050, based on 1990 levels. This equates to a 2.65% annual reduction.


29


Performance band (A is highest)


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