Carbon Disclosure Project 2010
Respondents in sectors populated by large emitters are more proactive in taking action on seizing the opportunities related to climate change.
When climate change emerged onto the policy scene post-Kyoto, the general belief was that the impacts on the financial performance of companies arising from measures that forced them to reduce their GHG emissions would be negative. Potential regulatory impacts included the impact of regulations that imposed an intensity ceiling or an absolute cap on emissions, a carbon tax, or other measures such as a cap and trade regime. Companies feared that broad policy measures could add substantial operating and compliance costs, leading to an impact on the financial bottom line.
While respondents still see regulatory and other risks arising from climate change, they also see a significant opportunity agenda as well. Looking back, in the 2006 CDP Canada 200 Report, respondents reported seeing more risks than opportunities. There has been a shift in thinking since then, which reveals a predominance of opportunities over risks since 2008. (See Chart 4.) This trend has continued in 2010; the responses this year indicate that 81 per
cent disclose seeing opportunities and 69 per cent see risks, a spread similar to the results in 2009.
Companies With High Levels of Emissions More Proactive on Seizing the Opportunities Arising From Climate Change
The 2010 results also provide information on the proportion of CDP respondents that are translating their perceptions of risk and opportunities into action. On an overall basis, 66 per cent of the respondents have taken action or have planned to take action on the opportunities related to climate change.
A breakdown of the 2010 survey results into sectors characterized by their high level of emissions provides a clear indication that respondents in sectors populated by large emitters are more proactive in taking action on seizing the opportunities related to climate change. (See Chart 5.)
Among the 89 respondents that answered this question, the results for low-carbon and high-carbon sectors are
Chart 4: Per Cent of Risks and Opportunities Perceived From Climate Change (5 Years)
100
10 20 30 40 50 60 70 80 90
0 CDP4 (n=78) CDP5 (n=88) Risks Source: The Conference Board of Canada. CDP6 (n=103) CDP 2009 (n=93) Opportunities CDP 2010 (n=89)
20
The Conference Board of Canada
per cent
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