Results of CDP Ireland 2011: EU-ETS Companies


>70%


of large EU-ETS respondents have designated responsibility for climate change at board level, and have set themselves emissions reduction targets.


The European Union Emission Trading System (‘EU-ETS’) is the world’s largest multi-country, multi-sector greenhouse gas emission trading system and has been operating since 2005.


At a glance:


• 11 (compared to 11 in 2010) of the largest Irish EU-ETS organisations invited to participate. See page 36 for full list.


• 8 respondents3 (73%) in 2011, up from 7 in 2010;


• Bord na Móna, CRH and Endesa are top disclosure scorers in this group;


• 5 out of 7 (71%) noted that responsibility for climate change rests at Board level;


• 7 out of 7 had emissions reduction activities, but only 5 out of 7 had set emission reduction targets; and


• Third party verification is an area for improvement.


Risks and Opportunities


• Risks relating to cap and trade schemes are the most commonly cited regulatory risk (selected by 6 respondents);


• The risks identified in relation to changes in physical climate parameters were mixed, however 43% related to changes in precipitation; and


• 4 of the 7 large emitters (57%) believe that there is an opportunity to enhance their company’s reputation as a result of the actions they take towards climate change mitigation. Some of these respondents also noted that the lack of action poses a risk to reputation.


3


8 responses were received from the largest companies taking part in the EU Emissions Trading Scheme, with one new respondent this year.


However, one organisation that responded in both 2010 and 2011 confined itself this year to an introductory statement and did not answer any questions; it is therefore excluded from the detailed analysis and year-on-year comparisons.


Figure 10: EU-ETS Companies Recognising Risks and Opportunities Associated with Climate Change


100%


0 1 2 3 4 5 6 7


86% 7 6 5 43% 3 Risks Opportunities Regulation Physical climate Other 5 5 71% 71% 71%


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