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I. Analysis of responses


In 2011 more than 4,800 companies worldwide, from all business sectors, were invited to respond to the Investor CDP 2011 questionnaire. Of these, more than 2,000 companies responded.


In 2011 the sample with the highest response rate is Europe 300 with a stunning 91%, followed by South Africa 100 with 83% and Global 500 with 81%.


Looking at the samples with the least respondents, the situation is the same as last year, with Russia 50 (8%) and China 100 (11%) with the lowest percentages. Low response rates can be interpreted as a sign of lack of commitment to accountancy and disclosure of environmental and climate change- related data in countries where these themes have been, so far, of marginal interest.


The Investor CDP questionnaire was sent to the 100 largest Italian companies per market capitalization in 2011, compared to 60 companies in 2010. In 2011 there has been a net increase of 66% in terms of companies invited to disclose. The number of respondents grew, from 21 in 2010 to 35 in 2011, resulting in a response rate of 35%. This percentage shows there is still much room for improvement in encouraging Italian firms to disclose their carbon data.


Figure 6: Global Response Rates (%) - 2011 data compared with 2010* 0 Europe 300


South Africa 100 Global 500


FTSE All-World 800 UK FTSE 350 US S&P 500 Brazil 80


Switzerland 100 Latin America 50 Nordic 260 Canada 200


Germany and Austria 250* Australia 250*


Global transport 100 Ireland 40 Korea 200


New Zeland 50 Japan 500 Iberia 125*


Global Electric Utilities 250 Emerging Markets 800 Benelux 150 France 250 Italy 100* India 200


Asia ex-JICK 170*


Central & Easten Europe 100 Turkey 100* China 100 Russia 50


2010 2011


*Sample size changed from 2010 to 2011. 2010 samples included: Nordic 200, Germany 200, Australia 100, Spain 85, Italy 60, Asia ex-JICK 135, Turkey 100


22 12


17 24


11 11


8 8


36 29


35


35 30


35 35


28 21


26 32


41 41


40 40


39 48


49 25


49 50


47 42


42 46


59 58


58 54


55 65


54 46


51 61


50 73


69 69


68 70


67 72


83 74


81 82


80 74


10 20 30 40 50 60 70 80 90 100


91 84


15


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