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II. 2011 Carbon leaders


Companies are scored according to the CDP scoring methodology explained in the CDP 2011 Reporting Guidance and published on the CDP website. Nine of the largest 100 Italian companies fall within the Global 500, the world’s 500 largest publicly listed companies in the FTSE Global Equity Index Series. These companies were scored by PwC’s international network. The scoring of the remaining 24 Italian companies was performed by Kyoto Club.


The results of the carbon disclosure score show that a significant number of companies (13) in the Italy 100 sample received a high score, an increase on last year’s results when only 9 companies scored high on disclosure.


Table 2 shows the list of companies whose carbon disclosure score is high. This year’s CDLI includes the top scoring 10% of the Italy 100 sample: ten in total.


Results show that:


• The top 10% disclosure scores are distributed among 10 companies in 5 different sectors (Consumer Discretionary, Energy, Financials, Industrials, Utilities), confirming that efforts to improve carbon disclosure are being pursued across sectors


• The highest score of this year is 93 (Fiat), ten points higher than last year’s best performer (Eni), a very significant result also considering that scoring methodology has become more strict


• Two companies who made the CDLI in 2011 have shown an impressive improvement compared to last year: Enel improved from 37 in 2010 to 89 in 2011; UBI Banca improved from 43 in 2010 to 84 in 2011


• Banca Monte dei Paschi di Siena, Eni, Fiat and Terna are in the CDLI for the second consecutive year


• Ansaldo STS, disclosing for the first time, reached the CDLI with a 79 carbon disclosure score


Table 2: Carbon Leaders CDP Italy 2011 Sector


Company Name


Consumer discretionary Energy Financials


Industrials


Materials Telecomm. Service Utilities


Fiat Eni


Banca Monte dei Paschi di Siena Group UBI Banca Ansaldo STS Fiat Industrial Finmeccanica Italcementi


Telecom Italia


A2A Enel Hera Terna


√ √ √


CDLI 2011


Italy 100


√ √ √


√ √ √ √


• Both Industrials and Utilities have three companies in the CDLI


• The average score in the Italian CDLI is 84, significantly higher than the average score (63) of the entire Italian sample. Compared to last year these numbers show an improvement in the score of CDLI companies (the average in 2010 was 80) and a stable value of the average overall score (63). This is a result of the inclusion of new respondents whose commitment to carbon disclosure is less mature and who have less experience in reporting


• The average Italian CDLI score (84) is much lower than the average score in the Global 500 CDLI (94): significant improvements can still be made, even by Italian leaders


• Two Italian companies, Enel and Fiat, were also included in the Global 500 CPLI.


Carbon Disclosure Score 2011


93 83 86


84 79 84 80 77


73


75 89 78 87


CDLI 2010


Italy 60


√ √ √


Carbon disclosure score 2010


80 83


79 43


√ √ √


64 78


70


81 37 63 81


√ √


CPLI 2011


Global 500 √


CPLI 2011 Italy 100





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