Promoting disclosure on carbon management
Promoting disclosure on carbon management
On November 13, ING hosted the launch of the CDP Benelux 150 Climate Change Report 2012.
This report highlights the companies that are leading the way on climate change reporting and management.
The report, “Integrating climate change into business strategy”, written by Pricewaterhouse Coopers (PwC) on behalf of the Carbon Disclosure Project (CDP), also identifies emerging trends on how companies are addressing climate change and identifying business-relevant risks and opportunities.
Gathering the experts
The programme started with presentations from CDP and PBL Netherlands Environmental Assessment Agency, which provided the context for how countries are doing with reaching their CO2 reduction targets to reduce global warming.
The results from the CDP Benelux 150 Climate Change Report 2012, presented by PwC, show that more and more (38%) Benelux companies are disclosing on their carbon management. At the same time, there is room for improvement in setting longer term, quantified targets. Both Heineken and Solvay gave interesting insights into their ambitions, strategies and activities related to climate change.
ING Investment Management brought in the perspective of the investor, focusing on trends and developments in the energy sector. The audience included investors, representatives from Benelux companies, NGOs and policymakers.
“Hosting the launch of the report is one of our ways to promoting disclosure on carbon management and performance by companies,” says Babs Dijkshoorn, head of Sustainability at ING Insurance/IM. “Transparency plays an important role in ING’s efforts to both manage social and environmental risk and promote sustainable finance.”
The report outcomes
The CDP report explains that ‘150 Benelux companies were requested on behalf of 655 financial institutions with assets of US$ 78 trillion to report their emissions, strategies, risks and opportunities regarding climate change to CDP Europe; 57 companies responded (38%). The report reveals that the quality level of Benelux responses is high, with an average Disclosure Score of 68 (out of 100), which is just behind the global 500 score of 76.’
ING ranked third on the list of Benelux companies, with a Disclosure Score of 93, and a Performance Rating of ‘B’. Only KPN and Philips scored higher.
Who’s CDP?
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization working to drive greenhouse gas emissions reduction and sustainable water use by business and cities
For more information, visit the CDP website
Press release on 1st Carbon Disclosure Project Benelux 150 Report 2012
CDP Benelux 150 Climate Change Report 2012