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III. Results


Enel’s strategy for


combating climate change rests on five pillars:


- investing in the best available technologies for thermal power generation (e.g. low CO2, high- efficiency coal-fired power plants and combined- cycle gas-fired power plants)


- deploying zero-emission sources, such as renewables and nuclear


- increasing energy efficiency


- researching, developing and demonstrating CO2 capture and sequestration and innovative renewable energy technologies


- globally committing to cut CO2 emissions, disseminating projects and best practice in eastern Europe and developing countries.


Verification levels in 2011


In 2011, a number of criteria were introduced to determine what is accepted as verification within CDP’s scoring methodology. It requires that a verification statement:


1. is related to the relevant emission scope.


2. clearly states the type of verification that has been given and the verification standard used.


3. covers the current reporting year.


4. is undertaken by an independent third party.


Verification of emissions has decreased in the year on year analysis in this report because CDP has now strengthened its criteria to reflect the importance of verification. 70% (23) of respondents stated that they had gained or were in the process of gaining verification of Scope 1 or 2 emissions (an apparent decrease of 8% compared with 2010). However, only 33% (11) met all criteria noted above for Scope 1 or 2 emissions, resulting in an overall decrease of 37%. CDP sees this higher


standard as a key strategic priority to enhance the quality and reliability of data reported by companies for the use of investors and consumers, both now and in the future. The sector breakdown of companies verifying their Scope 1 and Scope 2 emissions is shown in Figure 26.


The number of companies obtaining ve- rification is similar for both Scope 1 and 2 emissions for the majority of sectors. Energy, Utilities and Telecommunication Services have 100% of companies with Scope 1 verification.


What is CDP doing to support reporting companies?


For 2012, CDP is further clarifying what constitutes an acceptable verification process, and communicated this as part of the questionnaire consultation process in September 2011. Looking further ahead, CDP has launched a verification white paper and consultation on a verification roadmap (2013-2018) aiming to encourage more companies to verify their climate data. Visit https:// www.cdproject.net/verification to find out more.


Figure 26: Percentage of companies in each sector with verification complete for at least a proportion of their emissions


Utilities Telecomm. Services Materials


Industrials Financials Energy


Consumer Discretionary


43% 43%


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


%Companies with verification Scope II completed % Companies with verification Scope I completed


35


50% 50%


80% 80%


56% 56%


50% 100% 71% 100%


100% 100%


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