Carbon Disclosure Project 2011 – Iberia Report 125


multi-year targets are distributed linearly year on year. In practice this is rarely the case since many investments and activities provide the results only at the end of the period. However, for comparative purposes and to provide an idea of the magnitude of the objectives, the approach is valid.


Over 65% (31) of the responding companies have one or more emissions reduction target related to intensity (turnover per unit of product, employee, etc). These objectives are sometimes as relevant as absolute targets. But in general meeting intensity targets does not necessarily mean an overall reduction in total emissions.


Please refer to Table 3 in next chapter for information on emissions reduction progress of the responding companies.


Emissions reduction initiatives


The next logical step in the management of emissions is the adoption of plans and mitigation measures. 94% (45) of the responding companies have activities to reduce emissions, while 79% (38) have developed products and/or services that enable customers to reduce emissions. In both cases there has been a level of progress from the previous year (see Figure 5). Both emissions reduction initiatives and new business lines are reaching a point of maturity and are implemented by most companies.


As for the effectiveness of emissions reduction activities, 56% (27) of the responding companies claim to have achieved an average reduction of 12% of their emissions through these initiatives.


We can see in Figure 11 that the most commonly identified type of


24


Figure 11: Number of active emission reduction initiatives by period of return on investments


Energy efficiency: processes 17


61 43 42


Energy efficiency: building services 11


14 34 29


Behavioral change 13


2 5 30


Product design 3


0 1 23


Low carbon energy installation 1


1 6 17


Transportation: fleet 3


2 3 13


Process emissions reductions 2


2 2


12


Energy efficiency: building fabric 2


3 3


8


Transportation: use 6


1 1


5


Fugitive emissions reductions 0


1 4


1


Low carbon energy purchase 1


1


0 3


Other 5


2 5 30 0% 10%


< 1 year 1-3 years > 3 years Not given


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


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