CDP Turkey 2013 Training Webinar was held  

CDP Turkey training webinar was held on 28th of March, 2013. Webinar was organized to inform the Turkish companies who responded CDP Turkey 2013 Climate Change Programme. The topics that were discussed in this seminar: training for the first time responders, CDP Rating Methodology, how to use ORS, CDP Climate Change questionnaire, verification of the CDP responses.

You can find the agenda and presentations here.
You can find the video of the webinar here.

From the Carbon Disclosure Project to CDP  

It is over ten years ago that CDP began to pioneer a global disclosure system for companies to report their environmental impacts and strategies to investors. In that time, CDP has accelerated climate change and natural resource issues to the boardroom and has moved beyond the corporate world to engage with cities and governments. The CDP platform has evolved significantly, supporting multinational purchasers to build more sustainable supply chains. It also enables cities around the world to exchange information and take best practice action to tackle energy and natural resource issues and build climate resilience. Further, we assess the climate performance of companies and drive improvements through shareholder engagement.

Expanding to cover a wider spectrum of the earth's natural capital, specifically water and forests, alongside carbon, energy and climate, we outgrew our former name of the Carbon Disclosure Project. Changing our name to CDP, as we were already known to many, was a natural step to take as we continue to catalyze action and respond to the needs of the global marketplace. We adopted a bolder, more dynamic look and logo to reflect the scale of the work we must undertake in the coming years to realize truly sustainable economies.

• Over 4,100 organizations, including 81% of the world’s largest public companies, use CDP to disclose their impacts on the environment and natural resources to stakeholders;

• 722 investors representing US$87 trillion, that’s more than half the world’s invested capital, request corporate climate data through CDP;

• We now operate in over 60 countries across six continents and engage with governments globally.

Dow Jones Sustainability Indices DJSI, RobecoSAM, will ask the same questions that developed by CDP 

As part of its annual corporate sustainability ranking process, RobecoSAM, the company behind the Dow Jones Sustainability Indices (DJSI), produced with S&P Dow Jones Indices, will now ask public companies the same climate change questions as those developed over the past decade by CDP, provider of the only global environmental disclosure system and producer of the annual Climate Disclosure and Climate Performance Leadership Indexes (CDLI & CPLI).  

This collaboration will improve the comparability of sustainability data in the global market and will simplify the process for companies answering multiple requests for environmental information.

Specifically, to inform the climate change aspects of its annual Corporate Sustainability Assessment, RobecoSAM has aligned seven of its Climate Strategy questions with corresponding questions asked by CDP on behalf of 722 investors representing more than US$87 trillion.  This will significantly reduce the workload for the 90% of DJSI participating companies which also respond to the request for climate change information through CDP.

A third of the world’s invested capital calls for corporate environmental data through the CDP 

The CDP on February, 11, 2013 in London announced that a record 722 investors with US$87 trillion in assets — around a third of the world’s invested capital1 — have asked more than 5,000 public companies to disclose their carbon emissions and climate change strategies through CDP. Additionally, there has been strong growth in the number of investors asking listed companies to submit water and forest information through CDP, further demonstrating that natural capital is increasingly understood to be of material value to the global market.
The news accompanies the launch of the 2013 CDP disclosure season. More than 80% of the largest listed companies used the CDP system for climate accountability in 2012. Requests will this year go to over 5,000 listed companies around the world.

CDP already holds the biggest collection globally of self-reported corporate climate data. The Forest Footprint Disclosure Project (FFD), pioneered by the Global Canopy Programme, is merging with CDP to provide companies and investors with a single source of information for the interrelated issues of climate, water and forests, making CDP the world’s most comprehensive system for natural capital disclosure.

2013 highlights:

• Record number of investors become signatories to CDP’s climate change program up 10% from last year to 722 signatories with US$87 trillion in assets (655 investors with US$78 trillion in 2012); 

• Strong growth in investor interest in the Americas, with Brazil’s Banco do Brasil Previdência the largest new signatory (assets of US$1,081 billion);

• Global spread with the first signatories from Taipei, including Cathay Financial Holding and Fubon Financial Holdings;

• Heightened investor engagement: Carbon Action, a CDP initiative to accelerate company action on carbon reduction in high emitting industries, has seen more than a fivefold increase in its investor signatories since inception in 2011. 

• Growing awareness of water as a critical business issue with signatories to CDP’s water program almost quadrupling in just three years, reaching 530, 13% up from last year, with $US57 trillion in assets (137 investor signatories in 2010);

• Twice as many investors investigating exposure to forest risk commodities. The number of signatories to CDP’s forests program has more than doubled, reaching 184 with US$13 trillion in assets.  

Companies have until 30th May 2013 to report their emissions and emissions-reducing activities to CDP, and 27th June to submit water and forest information.

CDP Turkey 2012 Results were announced

Carbon Disclosure Project, carried out by Sabanci University Corporate Governance Forum since 2010, is in its third year in Turkey with the support of Akbank. Carbon Disclosure Project is regarded as the most prestigious and widespread environmental initiative in the world, and offers companies to disclose their greenhouse gas emissions and climate change strategies to institutional investors.

CDP Turkey 2012 report, prepared by Sabanci University CDP team in collaboration with Ernst & Young Turkey, analyses company responses from Turkey and summarizes climate change related trends in Turkey. The forewords are written by Turkey’s Deputy Prime Minister Ali Babacan, Akbank’s board chairman Suzan Sabanci Dincer and CDP’s CEO Paul Simpson. In 2012, 32 companies from Turkey responded to CDP’s information request, a significant increase from 20 respondents in 2011. Responses from non-ISE-100 companies in 2012 contributed to this increase in response rates.

Aviva Investment Chairman Paul Abberley, and CDP Turkey Director and Sabancı University faculty member spoke at the launch event for CDP Turkey 2012, following the opening speech by Akbank’s General Manager Hakan Binbaşgil. In his speech, Paul Abberley emphasized the importance of Rio+20’s outcome document ‘The Future We Want’ and its expected influences on current sustainability and environmental reporting frameworks. Following Abberley, Melsa Ararat summarized CDP Turkey 2012 Report findings and announced CDP Turkey Disclosure and Performance Leaders.

Aviva Investment led a coalition of institutional investors that lobbied for the inclusion of Paragraph 47 on sustainability reporting in Rio+20 outcome document, ‘The Future We Want.’ Chairman Paul Abberley said that Aviva Investment believes in the importance of better disclosure on environmental, social and governance issues as part of company strategies to allow better investment decisions. He believes that the Carbon Disclosure Project plays an important role for achieving better sustainability reporting and strengthening the relationship between sustainable economic development and financial markets.

CDP Disclosure and Performance Leaders in Turkey received their awards in the event. 

Arçelik’s General Manager İsmail Hakkı Sağır accepted CDP Turkey 2012 Disclosure Leadership award on behalf of his company from Nihat Berker, President of Sabanci University. Garanti Bank received CDP Turkey 2012 Performance Leadership award. Garanti Bank Executive Vice President Ebru Dildar Edin accepted the award on behalf of her company, presented to her by Ernst & Young Turkey’s Head of Assurance Services Dilek Çilingir.

Full report is accessible from here. 

CDP’s Cate Lamb at the Water Footprint Webinar

CDP’s Cate Lamb presented CDP Water Disclosure Report 2012 and its findings at the GTE and ERM Water Footprint Webinar on January 9th 2013.

Representatives from Ministry of Forest and Water Affairs, Coca Cola İçecek, GTE and ERM presented at the webinar. In her presentation, Cate Lamb said that investors are increasingly aware of water risks and demanding better disclosure of water risk management processes and water performances from listed companies.  Many companies experience detrimental water-related business impacts such as business interruption and property damage from flooding, with associated financial costs for some companies as high as US$200 million.

Lamb said that CDP’s analysis reveals water management trails climate change on the boardroom agenda, despite significant strategic opportunities for companies to improve brand performance, sale of new products or services, and cost savings. She emphasized the importance of collective action on river basin management and water efficiency when addressing risks and opportunities given the complexity and scale of water challenges. Assessing and addressing exposure to water-related supply chain risk should be an important part of such collective work. 

Carbon Disclosure Project and Forest Footprint Disclosure Project have merged

CDP and Forest Footprint Disclosure Project merge to create world's largest natural capital disclosure system covering carbon, water and forests.  London , June 12th 2012:The Carbon Disclosure Project (CDP) and Global Canopy Programme (GCP) today announced an alliance that will see GCP’s Forest Footprint Disclosure Project (FFD) incorporate CDP over the next two years. For the first time corporate disclosure on the earth’s atmosphere, water and forests will come under one roof, resulting in the world’s largest and most comprehensive natural capital disclosure system.

A major focus of the Rio+20 Earth Summit will be how to account for the way businesses use the planet’s natural capital as the world seeks a common pathway to a green economy Toda's announcement marks an important step towards greater convergence of environmental data, helping busienesses and their investors better understand how they impact or use critical natural capital in their operations and supply chain.  This will form an important part of valuing and managing business processes in the global green economy.

A lot of directors thinks that the relationship between natural capital and green economy such as Paul Simpson (chief executive officer at CDP), Andrew Mitchell (executive director of GCP and chairman of FFD), Ian Cheshire (group chief executive of Kingfisher), Freddie Woolfe (manager - corporate engagement, at Hermes Equity Ownership Services) and Matthew Hale (environment executive, Europe and Emerging Markets, Bank of America Merrill Lynch). 

For more information about CDP and GCP's Forest Footprint Disclosure Project click here.

CDP Global Water Disclosure Report 2012 

Water is the lifeblood of the global economy. In 2012 CDP Global Water Report calls for action to understand the business risk from water related issues and implement strategic plans to help mitigate these risks and emphasizes the role companies should play in mitigating risks. 

There is a sharp rise in company reports of detrimental impacts from drought and other water-related issues, yet little change in the number of companies with board level oversight of water strategies and no increase in the number of corporations providing transparent water-related risk assessments to investors. These are some of the key findings from global analysis of the largest listed companies released today by the Carbon Disclosure Project (CDP).

However, despite increased awareness and activity among some respondents, the Global 500 response rate is static at 60% (191 companies); disappointing given the weight of investor interest in this issue and the increasing proportion of companies reporting water-related impacts, risks and opportunities. The Health Care sector has the highest response rate (77%) while Energy lags for the 2nd year running at just 44%; surprising considering this sector reports the highest exposure to risk.

This report is based on analysis of 185 responses received by August 6, 2012 and investigates how companies are using collaborative approaches to solving some of the most complex water-related problems.

This year’s respondents indicate that collective action will continue to be featured prominently in companies’ water strategies and, in turn, overall business strategies. As the strategic importance of water-related issues grows it is anticipated that more Global 500 companies will leverage collective action in response.

CDP Global Water Report is available to download from here. 

32 Companies in Turkey responded to CDP's information request in 2011 

Compared to last year, the number of respondents to CDP Turkey increased by 60%.In 2011, 20 companies in total responded to CDP including ISE-100 companies and voluntary companies. In 2012, number of respondents increased to 32.

Increase in responses from production industry in particular will help private sector’s effect on climate change strategy become visible through the mediation of CDP.

The preparations for the CDP Turkey 2012 report has already started and will include a broader range of sectors. As in 2011, a team of E&Y Turkey and Sabanci University will prepare the report, which will be launched in November 2012.

All respondent companies will be scored for Disclosure and Performance based on CDP scoring methodology.  

CDP Turkey Team attended Rio+20 Conference

CDP Turkey, launched by Sabanci University Corporate Governance Forum attended the Rio +20 Conference in Brazil and was represented by the Director Melsa Ararat and Project Manager Mirhan Köroğlu.

CDP Turkey team attended meetings related to both CDP and Corporate Governance Forum missions. One of the most important outcomes for CDP Turkey and CDP Global was the Paragraph 47 inclusion on governments’ support for sustainability reporting as part of “The Future We Want” that was signed by all parties.

CDP Cities 2012 Global Report has released 

In a report released in June by CDP 82% of cities identify the potential for economic growth as a result of climate change mitigation and adaptation.  More than half the participating cities identify opportunities to create green jobs and new business initiatives.  Despite the substantial prospects for green growth from tackling climate change, just under a third of cities expect new sources of funding for tackling climate change.

Measurement for Management: CDP Cities 2012 Global Report shows that reporting cities cite a wide variety of financial drivers for climate change action, with nearly a third of cities expecting improved energy efficiency of their operations and a fifth recognizing the increased energy security that action on climate change affords.  However, job creation and industry growth are by far the most prominently cited opportunities with 55% of cities anticipating the creation of green jobs and 53% predicting new business from clean tech industries or the development of new low-carbon economy technologies.

All the reporting C40 cities and 81% of the total 73 disclosing cities are responding to the urgency of climate change by implementing range of carbon emissions reductions activities, from education programs to waste management. With 64% of these initiatives funded through generak municipal funds, cities, less than 1% of city-wide emissions reductions activities reported by cities are financed by world development banks. 

Please find the CDP Cities 2012 Global Report in the following link:

https://www.cdproject.net/CDPResults/CDP-Cities-2012-Global-Report.pdf

Carbon Disclosure Project publishes its fourth Supply Chain Report

Companies yet to realize significant emissions reductions across their supply chains despite opportunity for cost savings, finds Carbon Disclosure Project and Accenture

Despite improving their own carbon performance, multinational companies are not yet demonstrating significant emissions reductions in their supply chains, according to the research published by Carbon Disclosure Project (CDP) and Accenture. The report on 49 CDP member companies, including L’Oréal, Philips and Wal-Mart, and more than 1,800 of their suppliers revealed that while 43% of responding companies have achieved year-on-year emissions reductions, only 28% of suppliers have done so.

A New Era: Supplier Management in the Low-Carbon Economy is CDP’s fourth annual global study of the preparedness of company supply chains for climate change impacts. The gulf between company emissions and those of their suppliers exists despite the fact that 39% of responding companies have realized monetary savings from their own emissions reductions activities and over a third (34.5%) of responding companies have benefited from new revenue streams or financial savings as a result of their suppliers’ carbon reduction activities.

The report reveals that leading businesses are changing their operating models. It shows a marked rise in the proportion of responding companies with climate change strategies that incorporate procurement guidelines (90%, up from 74% in 2009 and 79% in 2010) and that 67% of responding companies include carbon management in procurement policy.

The proportion of responding companies that claim they will deselect suppliers who fail to meet formal environmental criteria within five years has more than doubled from 17% in 2009 to 39% in 2011 and two thirds (63%) of responding companies are also investing in training their procurement staff in supply chain carbon management, a dramatic rise from 26% in 2009 and 41% in 2010.

Please find the CDP Supply Chain Report 2012 in the following link :

https://www.cdproject.net/CDPResults/CDP-Supply-Chain-Report-2012.pdf  

"Caring for Climate" Initiative 

Endorsed by nearly 400 companies in 65 countries, Caring for Climate is the UN Global Compact and UN Environment Programme’s initiative aimed at advancing the role of business in addressing climate change. Caring for Climate signatories commit to communicate on an annual basis on progress made in implementing the five areas of commitments as outlined in the Caring for Climate Statement.

Caring for Climate recommends utilizing the Carbon Disclosure Project (CDP) reporting process to develop the COP Climate, as the CDP currently stands as a more rigorous tool in reporting GHG emissions and climate change strategies on an annual basis. The Global Reporting Initiative (GRI) and the Global Compact Advanced Communication on Progress (COP) can also be used.

Publicized CDP Questionnaires allow companies to completely fulfill the aforementioned criteria of the COP-Climate.

Signatories who are submitting CDP questionnaires as their COP-Climates are also suggested to send a PDF document or an active link to the publicized report to the Caring for Climate Secretariat.

More information on how to join Caring for Climate, you can visit :

http://www.unglobalcompact.org/issues/environment/climate_change/ 

Carbon Disclosure  Project conducted the Workshop on Sectoral Approaches to Climate Change

Within the context of  CDP’s project about expanding its scope, which was put into practice with the support of British Government, the Workshop on Sectoral Approaches to Climate Change was carried out in collaboration with Istanbul Chemicals and Chemical Products Exporters’ Association (IKMIB).

Carried out in Turkey by Corporate Governance Forum of Sabanci University, under the sponsorship of Akbank and reporting sponsorship of Ernst & Young Turkey; Carbon Disclosure Project (CDP) started a new project with the support of British Government’s Prosperity Fund in the second half of 2011. The new project aims to increase voluntary participation of CO2 intense firms to CDP, with a sectoral perspective.

As part of this project, Carbon Disclosure Project organized the Workshop on Sectoral Approaches to Climate Change in collaboration with Istanbul Chemicas and Chemical Products Exporters' Association (IKMIB) at the IMMIB Conference Room on February 27, 2012.

After informative presentations took place in the first half of the workshop, the studies on "Best Practices Booklet" was presented in the second half. This booklet is being prepared in the context of CDP's project about expanding its scope which was put into practice with the support of British Government, and the booklet focuses on sectors. The presentations were followed by roundtable meetings where the companies were divided into groups according to their sectors.

Carbon Disclosure Project has been awarded the top accolade in the SME & NGO category of the Zayed Future Energy Prize

In recognition of its work to catalyze the transition to a profitable low carbon economy, drive greenhouse gas emissions reduction and sustainable water use by business and cities, the Carbon Disclosure Project (CDP), which is carried out in Turkey by Corporate Governance Forum of Sabancı University, has been awarded the top accolade in the SME & NGO category of the Zayed Future Energy Prize.

Now in its fourth year, the Zayed Future Energy Prize has swiftly established itself as one of the most prestigious awards for modern solutions that will meet the challenges of climate change and forms one of the main features of the World Future Energy Summit, held in Abu Dhabi.  Designed to celebrate and encourage leadership and innovation in sustainable development and to establish more effective long-term approaches to energy consumption, the Awards attracted 1,103 nominations and 425 submissions from participants in 71 countries.

CDP is a global independent not-for-profit organization that works to prevent dangerous climate change and protect natural resources such as water through the efficient allocation of capital in order to create long-term prosperity.  Working closely with investors, business, cities and governments, CDP provides a transformative global system for thousands of organizations around the world to measure, disclose, manage and share environmental information and reduce their energy consumption, carbon emissions and water use.

“We are delighted to be honored with a Zayed Future Energy Prize,” said Paul Dickinson, CDP’s executive chairman, “We have been working hard for over a decade to reduce greenhouse gas emissions around the globe by using the power of information.  We believe we are catalyzing real change across the global business system through measurement, reporting, transparency and analysis, creating the win-win scenario of profitable, low carbon growth.  This award is testament to the role that a green economy can play in facilitating sustainable economic prosperity and CDP’s role in driving that.”

Over 3,700 companies and cities across the world’s largest economies have been influenced by CDP to measure and disclose their greenhouse gas emissions, climate change risks and water strategies.  The largest collection of self-reported climate change data in the world is held by CDP.  By putting this insight at the heart of business, investment and policy decision making, CDP is enabling corporations and governments to mitigate risk and capitalize on opportunities stemming from climate change.  This information also allows the investor community and the public to understand which companies and cities are acting most responsibly in relation to climate change and water use and to make decisions that drive action towards a more sustainable world.

Melsa Ararat, the director of Sabancı University Corporate Governance Forum of Turkey and the director of Carbon Disclosure Project, stated, "This award will strengthen the role of Carbon Disclosure Project in its battle against climate change for Turkey and the world".

Carbon Disclosure Project is expanding its scope with the support of British Government’s Prosperity Fund

       

Within the context of expanding its scope, Carbon Disclosure Project – Turkey initiated a cooperation program with Istanbul Chemicals and Chemical Products Exporters’ Association (IKMIB). As a part of this program, the two institutions organize a training event in 25th of January.

Carried out in Turkey by Corporate Governance Forum of Sabanci University, under the sponsorship of Akbank and with the reporting support of Ernst & Young Turkey since the beginning of 2010; Carbon Disclosure Project (CDP) is expanding its scope.

CDP – Turkey started a new project with the support of British Government’s Prosperity Fund in the second half of 2011. The new project aims to increase voluntary participation of CO2 intense firms to CDP, with a sectoral perspective.  

Within the context of its expansion project, CDP has recently initiated a cooperation program with Istanbul Chemicals and Chemical Products Exporters’ Association. The program will consist of a group of activities to raise awareness on risks of climate change and their management. In this context, the two institutions organize a training in the 25th of January, where the participants will be provided with detailed information on CDP, ways of responding CDP Information Request and the recent draft regulation of Ministry of Environment and Urbanization on MRV (Monitoring, Reporting and Verification) of GHG emissions. The training event, which will take place with the support of Bureau Veritas, is expected to involve around 150 participants. 

Every year, CDP sends an information request to the firms listed in ISE – 100 index in Turkey. However, the Project is open to voluntary participation of unlisted firms, which are not invited by CDP. Voluntary participants to CDP from Turkey include sector leading firms such as YÜNSA, BRISA and AKÇANSA. The new Project of CDP Turkey, which is carried out with the support of British Government aims to expand the scope of CDP in Turkey via increasing the voluntary participation of firms in CO2 intense sectors.

CDP Turkey 2011 Report Launch

Find the report here. 

Keynote by Fatih Birol - Find the presentation here.

(Chief Economist in International Energy Agency and Honorary Advisor of Istanbul International Center for Energy and Climate)

Panel

"Climate Change and Emerging Markets"

- Sue Howells - CDP, Head of Global Operations

- Alexis Krajeski - F&C, Associate Director, Governance & Sustainable Investment

- Giorgio Capurri – UniCredit, CSR Manager, Corporate Sustainability, Group identity and Communications

- Melsa Ararat – Sabancı University Faculty Member – CDP Turkey Director

CDP Global 500 Report 2011 was published

CDP Global 500 Report is the world's most comprehensive report on private sector about climate change, by means of investigating the carbon reducing activities of the world's largest companies. This year two out of three companies which were invited from Turkey were included in this report.

It is the first time for Garanti Bank to be listed in the Global 500 companies while Akbank, being the first company from Turkey to be included in Global 500 Report in 2010, again took part in the list this year. 

According to PricewaterhouseCoopers’ specific measurement methodology developed for CDP, Akbank and Garanti Bank received 72 C and 74 C, respectively. These results indicate that the successes of both of these companies are higher than the average. Moreover, the most positive outcome of this year’s report is the fact that most of the companies which responded to the research have implemented their climate change activities into their business strategies. 48% of the companies had implemented their climate change operations into their business strategies in 2010, whereas this number increased to 68% in 2011. Another interesting point in the report is the increase of the companies which reduced their greenhouse gas emissions through emission reduction actions. This number increased from 19% to 45% since last year. Having the title “Accelerating Low Carbon Growth”, this report consists of the analysis of the world’s largest 396 companies’ responses to CDP. It shows that the proportion of the responding companies increased from 65% in 2010 to 74% in 2011.

When the climate change performance is concerned, infrastructure sector is reported to be performing the best; however energy sector is the least committed to this issue. The 30 new companies which are committed for reducing their greenhouse gas emissions according to the “Carbon Action” that started in 2011 by CDP are also included to the Global 500 Report.

Publicity of the CDP Global 500 Report 2011 was conducted through a Global Forum with a sustainable and profitable growth theme. The Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) Christiana Figueres, the CEO of International Emissions Trading Association (IETA) Henry Derwent and FTSE Group CEO Mark Makepeace attended this forum where about 20 specialists from all around the world came together for discussing climate change issues.

Please find the CDP Global 500 Report 2011 in the following link:

https://www.cdproject.net/CDPResults/CDP-G500-2011-Report.pdf