Energy
Global 500 response rate: Energy Overall:
Key Industries within the sector:
Oil, Gas & Consumable Fuels ( 35 of 46); Energy Equipment & Services (5 of 7).
Largest non-respondents include: Rosneft, Surgutneftegas, Lukoil
Top disclosure scores Vs. top performance bands 100
95 90 85 80 75 B
Performance Band A-
Emissions reduction target progress 100
75 50 25 0 025 1 8
% of target period completed 50
Number of Energy companies Disclosure of climate change information in mainstream filings or other external communications
Carbon disclosure breakdown for sector Vs. Global 500 overall and CDLI
100 90 80 70 60 50 40 30 20 10 0
Emissions management
Emissions reporting
Governance & strategy
Opportunities Energy Overall Global 500 CDLI Risks
Stakeholder engagement
Carbon disclosure score breakdown for Sector versus Global 500 overall and Global 500 CDLI4
Verification of emissions Monetary incentives Board or other senior management oversight Implementation of emissions reduction targets
100 80 60 40 20
Integration of climate change risks or opportunities into overall business strategy 75 100 Progress toward meeting targets
Performance: percentage of respondents that implement best practices
Emissions reduction due to implementation of activities A Chevron BP
Eni SpA Total
Hess Repsol YPF Suncor Energy Shell BG Schlumberger 75% (40 of 53)
Emissions disclosure (t CO2-e) Scope 1
Scope 2 Scope 3 0 1 billion
96,875,926 (88% disclosed) 95,566,980 (89% disclosed) 89,106,856
3,179,645,704 (60% disclosed) 3,427,500,898 (47% disclosed) 3,047,362,659
2 billion 2011 2010 2009 Opportunities reported
• International market-based trading mechanism provides an opportunity to invest in renewable energy and energy efficiency projects
• Energy sector companies could generate additional revenue if they are able to reduce emissions at a marginal cost that would be below the cost of allowances
• Fuel and energy taxes and regulations may stimulate the demand for bio fuels and renewable energy
Risks reported
• Uncertainty surrounding future changes in post-Kyoto regulation, including increased costs due to the introduction of carbon taxes
8
• Optimistic emissions reduction commitment by EU ETS phase III may result in significant cost implications for all the Energy sector companies. Similarly, introduction of Cap and Trade schemes may impose cost burden if emissions exceed the permissible limit
• Increased frequency of extreme events: ice conditions in the North Sea, wave conditions and cyclones in tropical areas, force companies to focus on climate change adaptation of new projects
3 billion 4 billion
979,144,045 (100% disclosed) 869,686,948 (97% disclosed) 828,511,028
0% 10%
Energy All Sectors Global 500 CDLI 20%
30%
Global 500 Overall 40% 50%
60%
Global 500 Telecommunications 70% 80% 90% 100%
% of emissions reduction target achieved
Disclosure Score
Disclosure score range
Governance Risks
Opportunities Strategy and targets Achievements Emissions trading
Emissions reporting parameters
Scopes 1, 2 & 3 reporting (inc. energy use)
Emissions intensity and history
Communications
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