Financials
Global 500 response rate: Financials Overall:
Key Industries within the sector:
Commercial Banks (50 of 62); Diversified Financial Services (9 of 13); Insurance (19 of 24); Capital Markets (10 of 11); Real Estate Investment Trusts (3 of 5); Real Estate Management & Development (1 of 4); Thrifts & Mortgage Finance (0 of 1); Consumer Finance (3 of 3).
Largest non-respondents include: Berkshire Hathaway, Bank of China, Sberbank
Top disclosure scores Vs. top performance bands 100
Simon 95 90 85 80 75
Property Group HSBC
Royal Bank of Scotland
State Street Firstrand
Barclays d Lloyds JPMorgan Ace
Standard Chartered
B
Performance Band A-
Emissions reduction target progress 2
100 75 50 25 0 025 1 2 11
% of target period completed 50
75 Number of Financials companies
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 Financials Overall Global 500 CDLI Risks
Stakeholder engagement
100 2 A Aviva
Goldman Sachs Deutsche Bank BNY Mellon
Tokio Marine
Munich Re Wells Fargo
Nordea
Australia and New Zealand Banking Group
Allianz Westpac Banking National Australia Bank Bank of Montreal AXA
Bank of America
UBS Swiss Re
Commonwealth Bank of Australia Morgan Stanley
Opportunities reported
• Increased investments in renewable energy projects (e.g. wind, solar plants, biomass)
• New markets for green funds, social responsible investments and ESG-related investments
• Tax incentives and opportunities for innovative financial products (e.g. leasing structure for clean technologies and mortgages for green buildings)
Risks reported
• Reputational risks resulting from inadequate management of ESG-related risks. NGOs currently campaign against financial institutions for financing carbon intensive projects (e.g. coal-fired power generation, tar sands)
11
• Uncertainty surrounding new regulations (e.g. emissions trading schemes, subsidies and feed-in-tariffs)
• Insurance companies are concerned with extreme weather conditions as these could lead to a rise in insurance claims
77% (95 of 123)
Emissions disclosure (t CO2-e) Scope 1
2,802,684 (85% disclosed) 2,043,140 Scope 2 XX,XXX,XXX Scope 3 0
2,947,241 5 million
10 million 2011 2010 2009
22,858,680 (95% disclosed) 21,856,239 (91% disclosed) 14,116,868
5,981,382 (84% disclosed) 12,867,998 (79% disclosed) 15 million 20 million 25 million 5,537,573 (92% disclosed)
Performance: percentage of respondents that implement best practices
Emissions reduction due to implementation of activities Progress toward meeting targets Disclosure of climate change information in mainstream filings or other external communications
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
0% 10%
Financials 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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