Carbon Disclosure Project 2011 – Iberia Report 125


Financials


The Financials sector response rate is 100% and the majority of responses (92%, 12 out of 13) are available publically. The Financials companies score highest in the categories governance and strategy, emissions reporting and stakeholder engagement. All of the companies have integrated climate change risk or opportunities into their business strategy and 92% (12) have Board or senior management oversight of climate change issues. Caixa Geral de Depositos, Banco Santander, Banco Espírito Santo, Banco Comercial Português, BBVA and Mapfre score above 70 for disclosure, with Caixa Geral de Depositos and Banco Santander being in the CDLI. With regards to performance, only 30% (4) achieved performance bands of A- or B. Moreover, the Financials sector generally performs below the average in terms of emissions reductions. Although 100% (13) have active emissions reduction initiatives, only 31% (4 out of 13) have emissions reduction targets. 62% (8 of 13) of the companies in the Financials sector currently offer products or services that help third parties to reduce their carbon emissions. Overall reported emissions for the sector in the reporting period stand at 1.013.658 t


CO2e, which means a 18% decrease from the previous year.


Key performance indicators


Emissions reduction due to implementation of emissions reduction activities 46%


60%


Absolute emissions reduction targets 8%


31%


Disclosure of climate change information in mainstream filings or others external communications


85% 90% Verification of emissions (scope 1 and 2) 69% 71% Monetary incentives 38% 56% Board or other senior management oversight 92% 90%


Implementation of emissions reductions targets 31%


46%


Integration of climate change risks or opportunities into overall business strategy 100%


96% 0% 20%


Financials Iberia 125


Carbon disclosure scores 70 or above vs. carbon performance bands A, A- and B


100 95 90 85 80 75 70


Carbon disclosure scores by category Caixa Geral de Depósitos Banco Espirito Santo


Banco Comercial Português


BBVA BA- Performance Band 32 A


120 100 80 60 40 20 0


Governance & strategy


Global 500


Risks Opportunities Emissions reporting


CDLI Iberia 125 Iberia 125


Emissions Performance


Financials


Stakeholder engagement


40% 60% 80% 100%


Disclosure Score


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