Carbon Disclosure Project – Nordic 260 Report 2011
One way to compare emissions year-on-year is to focus directly on disclosed emissions and to restrict attention to the 119 companies that provided data in both 2010 and 2011. This suggests an increase of 0.9% in Scope 1 and 2 emissions, part of which is also likely to be due to improved methodology. Figure 7 breaks this change down by sector.4
The rise in emissions in the energy- intensive Materials and Industrials sectors confirms what some firms in these sectors report: that it is difficult to decouple emissions from growth in the short run. Yet equally remarkable is the continued fall in emissions in Transportation and Energy & Utilities, despite the spike in GDP growth. As Figures 8 and 9 show, overall efforts to reduce industrial emissions depend largely on these sectors, which along with Materials account for the bulk of total Scope 1 and 2 emissions.
Figure 7: Change in reported emissions for companies reporting in both 2010 and 2011.
Consumer Discretionary -0.03% -1.2% Financials Health Care Industrials Materials Telecommunications & IT -2.8% Overall change % of total disclosed scope 1 & 2 emissions -3.0 -2.5 -2.0 -1.5 -1.0
Consumer Discretionary Consumer Staples Energy & Utilities Financials Health Care
-0.5 0.0 0.5 1.0 1.5 2.0 2.5
Industrials Materials Telecommunications & IT Transportation Overall change
4. As last year, the sectoral split is based on the Global Industry Classification Standard (GICS), but with four sectors merged into pairs (Energy with Utilities, Telecommunications Services with Information Technology). In addition, Transportation is treated separately from the other GICS Industry Groups in the Industrials sector on account of its relatively high carbon intensity. Thus, in this report, the Industrials sector comprises only Capital Goods and Commercial & Professional Services, and Transportation is referred to as a sector.
14 3.0 3.5 4.0 0.2% Transportation 0.9% 15%
Total disclosed Scope 2 emissions 26 Mt CO2e
0.14% Consumer Staples Energy & Utilities
0.06% 0.0%
0.6% 3% 3.8% 7% 3%
38% Transportation 33% Energy & Utilities 21% Materials 4% Industrials 3% Consumer Discretionary 1% Other sectors (Consumer Staples, Financials, Health Care, IT & Tele- communications)
Figure 9: Disclosed Scope 2 emissions by sector (% of total).
3% 2% 2%
Figure 8: Disclosed Scope 1 emissions by sector (% of total).
Total disclosed Scope 1 emissions 144 Mt CO2e
66%
66% Materials 15% Industrials 7% IT & Telecommunications 3% Consumer Discretionary 3% Consumer Staples 3% Transportation 2% Energy & Utilities
2% Other sectors (Financials and Health Care)
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