Carbon Disclosure Project 2011 – Italy 100 Report
Companies reported €2.26 billion of investment in emission reduction initiatives, in particular for low carbon energy, process emissions’ reductions and energy efficiency projects. Eni and Italcementi account for 49% and 48%, respectively, of total reported investments. This figure is slightly higher than the 2010 figure of approximately €1.98 billion.
Only 25% (8) of responding companies state that investments in emission reduction initiatives are mainly driven by compliance with regulatory requirements/standards. Another significant share (25%) is represented by specific budget for energy efficiency initiatives.
Publishing of information about climate change and GHG emissions performance in communications other than the CDP response, has seen a 2 percentage point decrease, but an increase in absolute numbers from 21 (90%) in 2010 to 29 (88%) in 2011. Four companies (12%) report not having published any information on their carbon performance.
It seems that Italian companies are starting to move climate change and sustainability reporting into mainstream reporting. 45% of responding companies, in fact, have published information about their response to climate change and GHG emissions performance in financial reports.
Figure 19: Payback period of different initiatives (%)
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
12% 57% 55% 73% 88% 15% 29% 14%
Energy efficiency
<1 year 1-3 years
more than 3 years
Figure 20: Publication of emissions data of respondent companies (%)
6%
14% 13%
Low carbon Transportation 30% 8%
Process emissions
Behavioral change
Other 42% 100% 50%
49%
45%
In annual reports; In other regulatory filings In voluntary communications No
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