2011 Leaders Carbon Disclosure and Performance


The Carbon Disclosure Project requires companies to measure and report: 1. Carbon emissions 2. Integration of climate change into their business strategy, and


3. Perception of climate change risks and opportunities.


Disclosure and performance are assessed solely on the company’s CDP response. Companies’ disclosure scores have been reviewed and analyzed for the above elements for a number of years. This is the second year that performance has been assessed.


More information on the CDLI and CPLI can be found in the information request, supporting methodology and guidance documents at www.cdproject.net


Disclosure scores • Disclosure scores are an assessment of the quality and completeness of a company’s response; they are not a measure of a company’s performance in relation to climate change management


• Scores are plotted over a 100-point normalized scale


• Companies are assessed based on their level of disclosure of carbon emissions measurement techniques and subsequent public disclosure


• Companies with the highest disclosure scores are listed in the CDLI


Performance bands • Where a company’s disclosure score is 50 or more, its performance in contributing to climate change mitigation, adaptation and transparency is assessed and ranked in a performance band


• For 2011 there are six performance bands (there were four bands in 2010)


• Companies with the highest performance bands that meet additional CPLI criteria are listed in the CPLI


Figure 11: Carbon disclosure score elements


Generally, companies scoring within a particular range suggest levels of commitment to, and experience of, carbon disclosure. The indicative description of each level is provided at right for guidance only; investors should read individual company responses to understand the context for each business.


Low (<50)


Limited or restricted ability to measure and disclose climate related risks, opportunities and overall carbon emissions


Midrange (50-70)


Increased


understanding and measurement of company-specific risks and opportunities related to climate change


High (>70)


Senior management understands the


business issues related to climate change and building climate related risks and opportunities into core business


Disclosure score (Max. 100)


21


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