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FORUM CSR 2012

26

th

January 2012

“Il peso del fattore ambiente nelle strategie aziendali sostenibili”

Diana M. Guzmán Corro

Director Southern Europe

Diana.Guzman@cdproject.net

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I. Carbon Disclosure Project (CDP)

“The Most Powerful Green NGO You've Never Heard Of”

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“To accelerate solutions to climate

change by putting relevant information

at the heart of business, policy and

investment decisions”“

Misión

In blu: 72 countries where CDP is present *Source : Harvard Business Review Blog, 05 Oct 2010

“The Most Powerful Green NGO You've Never Heard Of”*

ƒ

CDP was launched in 2000, active in 72 countries

ƒ

Operates the only global reporting system through which corporations, suppliers and

cities report their greenhouse gas emissions, water management, climate change

governance, risks and opportunities.

ƒ

The most important global investor initiative– with the support of 551 institutional

investors with US$71 trillion of asserts under management.

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CDP is the global standard for measurement and reporting of climate change information.

ƒ

The largest data base on emissions and corporate climate chance strategy.

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Programme overview

Investor CDP:

551 investors, with a combined $71 trillion in

assets under management

CDP Supply Chain & Public Procurement

: 51 members, 1500

suppliers

CDP Water Disclosure:

354 signatories with assets of US$43

trillion

CDP Cities:

42 major Cities

Carbon Action:

35 investors with US$7.6 trillion assets under

management are asking the world’s largest companies to

demonstrate that they are managing carbon effectively

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CDP signatories over time

ITALY

UniCredit Group

UBI Banca

Credito Valtellinese

Banca Monte dei Paschi di Siena

Pioneer Investments

Etica SGR

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CDP response rate over time

The work of the Carbon Disclosure Project is crucial to the success of global business in the 21st century. No other organization is gathering this type of corporate climate change data and providing it to the

marketplace.

Ban Ki Moon

Secretario General de las Naciones Unidas

81%

Global 500 companies reported through CDP in 2011

90%

Euro 300 companies reported through CDP in 2011

35%

Italy 100companies reported through CDP in 2011

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Cuestionario Investor CDP: contenido y estructura

2011

MODULE Main Questions Introduction Introduction

Management Governance Strategy

Targets & Initiatives Communication Risks &

Opportunities

Climate change risks Climate change opportunities Emissions Methodology Emissions data Scope 1 emissions breakdown Scope 2 emissions breakdown Scope 2 – contractual Energy Emissions performance Emissions trading Scope 3

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Scope

Index

General

Evaluation

Carbon Performance

Carbon Disclosure

● Quality and completeness of the disclosure provided and usefulness to third parties

● Understanding of the issues - climate change presents to the company’s business

● External verification of emissions data rewarded

● Performance of the CO2 management not

evaluated

● Measures contributing to the mitigation of or the adaptation to climate change

● Measures increasing transparency and confidence (external verification)

● Evaluation of activity level in the area of climate change, not the efficiency or effectiveness of the measures

Carbon Disclosure Leadership Index (CDLI)

● Inclusion of the top 10% Italian companies

● Responses must be public

● Exact score

Carbon Performance Leadership Index (CPLI)

● Performance band A and disclosure score must be > 50

● With question 13.1a the highest score must be attained

● Obligatory publication and verification of Scope 1 and Scope 2 emissions

● Responses must be public (+ use of ORS)

● Details in bands from A to D

● Different response paths, which depend on key questions

● All sectors are evaluated using the same methodology

● All information is taken into account

● Total score is calculated as follows

Total score = Attained score Individual denominator

x 100

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II. Information for Investors

“The Most Powerful Green NGO You've Never Heard Of”

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Why are investors using CDP data?

• Questionnaire designed by investors and

for investors.

• Supports investor activity

• E.g. Engagements through the UN

Principles for Responsible Investment

• Allows benchmarking between companies

• Identifies leaders in addressing climate

change

• Encourages companies to identify climate

change risks and opportunities

• Provides information about current and

potential suppliers

The CDP data helps us to

determine the quality of an

individual company’s

management response and is a

factor in our overall buy, sell and

hold decisions

Lord Sharman

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Bereitstellung der Daten am Kapitalmarkt

CDP Data is used for investment decisions

Blomberg, Google Finance

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The Markit Carbon Disclosure Leadership index family tracks the

performance of companies according to the CDP annual scores

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The FTSE CDP Carbon Strategy Index Series aims to support investors

in incorporating climate change risks into their investment strategy

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IV. Main findings

“The Most Powerful Green NGO You've Never Heard Of”

Harvard Business Review Blog, 5 October 2010

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Investor questionnaire: 100 largest Italian companies by market cap

Response rate : 35%.

Italian financial sector: 29% responded

6

banks out of 19

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Italian leaders in Carbon Disclosure and Carbon Performance 2011

Disclosure Score

Company Sector Score

Fiat Consumer

Discretionary 93

Enel Utilities 89

Terna Utilities 87

Banca Monte dei

Paschi di Siena Financials 86

Fiat Industrial Industrials 84

UBI Banca Financials 84

Eni Energy 83

Finmeccanica Industrials 80

Ansaldo STS Industrials 79

Hera Utilities 78

Performance Score

Company Sector Score

Fiat Consumer

Discretionary A

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982%

(27) Italian responding companies reported they

have integrated climate change into their core business

strategy and have increased the level of involvement and

accountability of senior management in managing CC.

967%

(22) have set an emission reduction target

compared to only 16 in 2010

991%

(31) have reported emission reduction initiatives,

compare to 86% in 2010.

9186

initiatives. Most common are:

9Energy Efficiency ,26%

9Low carbon energy ,16%

9Transportation, 12%

9Behavioral change (5%) despite short payback periods

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Main findings: CDP Italy Report 2011

61% of respondents indicate their products and services help third

parties to avoid GHG emissions

BANCA MONTE DEI

PASCHI DI SIENA

GROUP

“Welcome Energy Package”, a loan to support investment in renewable

energies by small and micro-businesses; during 2010 we supported over

1,160 firms with loans of 561 million Euros. Furthermore, in 2010 the Bank

granted loans of almost 220 million Euros to finance the construction of large

renewable power plants.

BANCA POPOLARE DI

MILANO

Green fundings: a funding stream for the installation of solar systems on the

roofs of houses or sheds, and the Pacchetto Ecologia, a loan for investments

in energy efficiency.

CREDITO

VALTELLINESE

Creval Energia Pulita, a floating-rate loan - to private individuals - for the

purchase of photovoltaic systems, and other initiatives related to investment in

environmental protection and development of alternative and renewable

energies.

UBI BANCA

Centrobanca has financed 3,000 MW of installed photovoltaic panels, which

will produce about 12,200,000 MWh per year.

UNICREDIT GROUP

FINANZIAMENTO FOTOVOLTAICO for backing photovoltaic systems with

“conto energia” contribution. ENERGY LEASING for financing photovoltaic,

wind and hydroelectric projects.

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Grazie!

Diana Guzman

Director Southern Europe

Diana.Guzman@cdproject.net

www.cdproject.net

For more information on CDP please go to :

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