7. Results of CDP Ireland 2011: EU-ETS Companies


Emissions Performance


7 out of 7 companies (100%) have emissions reduction activities that were active within the reporting year, however only 5 of the 7 companies have an emissions reduction target that was active in 2011 (see Figure 11).


• Only 2 of the 7 EU-ETS respondents had their emissions verified in accordance with a verification/assurance standard that meets CDP criteria. Third party verification appears to be an area for improvement amongst the large emitters. See page 33 for more on the importance of external verification.


Figure 11: EU-ETS Respondents who have Emission Reduction Targets


Governance


• 5 out of 7 EU-ETS respondents (71%) report that responsibility for climate change issues facing their company rests at Board level;


• Only 3 out of 7 of the large emitters (43%) provide incentives relating specifically to the management of climate change issues, including the attainment of targets. This appears low considering that incentivisation is considered to be an effective way of driving the climate change agenda;


• 6 out of 7 (86%) of the large emitters disclose engagement with policy makers to encourage further action on climate change mitigation; and


2 4


• 6 out of 7 (86%) of the large emitters publish information about their company’s response to climate change and GHG emissions performance in other places than CDP.


1


“ The inclusion of the power sector in the EU Emission Trading System (ETS), and the planned auctioning of all permits to this sector from Jan. 2013 will over time provide a price signal that will eventually internalise the full cost of carbon and help drive the decarbonisation of the electricity system. Bord na Móna group policy is to grow and improve the performance of its energy businesses while reducing their environmental impact through the pursuit of energy efficiency, peat substitution and the generating of power from renewable energy sources.” Bord na Móna plc


Absolute target Intensity target No target


Figure 12: EU-ETS Respondents - GHG Emissions Accounting 100%


2 3 4 5 6 7


0 1


7 100% 7 100% 7 71% 5 71% 57% 5 4 5 4


2011 2010


Scope 1 Scope 2 Scope 3 Energy Consumption 25 71% 57%


“ As concerns regarding climate change increase, there is potential for loss of reputation for companies seen to be ignoring the issue.” ESB Limited


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