Key Issues
This chapter provides an overview of some of the key issues that emerge from Nordic company responses to CDP’s 2011 questionnaire.
Before looking at the data on emissions it is useful to recall the turbulent macroeconomic conditions that companies have faced over the past two years, especially in Denmark, Finland and Sweden.
The CDP 2011 responses generally relate to the calendar year 2010,1 during which the economy bounced back dramatically from a severe recession (as shown in Figure 4). Since greenhouse gas (GHG) emissions depend partly on output, cutting emissions was a much taller order for most companies in 2010 than it was in 2009.
Emissions rise during 2010 … CDP’s 2011 questionnaire asks all companies to indicate the change in their total Scope 1 and 2 emissions since the previous reporting year (see Appendix 2 for an explanation of the different Scopes).1 A majority of respondents (75 out of 1422
) reports
that their emissions increased (see Figure 5).
Figure 4: GDP growth, 2009–2011. Source: OECD.
Figure 5: How do your absolute emissions (Scope 1 and 2 combined) for the reporting year compare to the previous year?
-2 0 2 4 6 8
-4 -6
-12 -10 -8
46 5 11 3 2
75
OECD-Total Sweden Norway Finland Denmark
Increased Decreased No change First year No data No answer
1. Six companies have different reporting years, for example 1 October to 30 September and for one company the latest figures are for the calendar year 2009.
2. Last year, companies were only asked to give reasons if absolute emissions varied significantly compared with the previous year, and they were not asked to provide figures.
3. While 143 company responses were received, only 142 are included in the analysis. Cardo responded indirectly through the parent company, Assa Abloy.
12
2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1
% change over same quarter, previous year
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