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www.cdp.net | @CDP Science-based targets Nicole Labutong Technical Manager – Scoring GreenBiz Forum 2015
| Date post: | 07-Aug-2015 |
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www.cdp.net | @CDP
Science-based targets
Nicole Labutong
Technical Manager – Scoring
GreenBiz Forum 2015
www.cdp.net | @CDP
Outline
Why companies should set science-based targets
Overview of Science Based Targets initiative
Next steps
Sources for more information
Page 2
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Why companies should set science-based targets
Page 3
www.cdp.net | @CDP Page 4
2010 2050
Glo
ba
l Em
issi
on
s
Year
Science-based targets Currently, most company targets are not
aggressive enough to account for their share of
global GHG emissions reductions.
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2010 2050
2ºC carbonBudget
Glo
ba
l Em
issi
on
s
Year
Emissions gap
Science-based targets Currently, most company targets are not
aggressive enough to account for their share of
global GHG emissions reductions.
Science-based targets aim to keep the planet
within the widely-accepted global goal of a 2°C
temperature increase from pre-industrial levels.
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Demonstrating climate leadership
Science-based targets allow companies to
reduce their fair share of emissions and set
their targets in line with climate science.
Companies can demonstrate to policy
makers the scale of ambition in industry and
positively influence international climate policy.
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Image source: Wikimedia Commons
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Demonstrating climate leadership Science-based goal setting can spur ambition and generate the innovations needed to
transition to a low-carbon, sustainable economy.
This type of innovation can redefine companies’ bottom lines by creating new business
models and sources of value, and by disrupting currently unsustainable economic systems.
Setting these targets in advance of carbon-related regulations will allow companies to be
better positioned to respond to regulatory and policy changes.
Companies can identify risks and take advantage of opportunities relating to climate
change.
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Overview of the Science Based Targets initiative
Page 8
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Science Based Targets initiative
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Science Based Targets initiative
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Provide tools & guidance for
companies to set emission
reduction targets in line with
climate science.
Encourage businesses to adopt
emission reduction targets that are
consistent with a 2ºC threshold.
www.cdp.net | @CDP
Science Based Targets initiative
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methodology
tool
guidance
target tracker
call to action
Sectoral Decarbonization Approach (SDA)
Accompanies the SDA methodology
Provides detailed information on specific
topics
Online tool tracking company efforts
Outreach to and engagement with stakeholders
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2ºCGlobal Carbon Budget
Sectoral Carbon Budgets
Sectoral Activity
Projections
Sectoral Intensity
Company Intensity
Sectoral Decarbonization Approach CO2 emissions reduction targets
Sectoral Decarbonization Approach (SDA)
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Sectoral Decarbonization Approach (SDA)
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Company Intensity
Company targets are expected to converge or
compress with their sector by 2050.
Their intensity pathway is calculated based on:
• share of the activity
• base year intensity
Scopes 1 and 2 are covered, general guidance is
provided for scope 3.
Companies can set absolute or intensity targets.
Most emissions are covered by sectors in the SDA.
Convergence of carbon intensities within a sector
Compression of carbon intensities within a sector
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Other science-based targets methodologies
Page 14
Methodology Developed by Mechanism
3% solution CDP and WWF Cuts U.S. corporate sector emissions 3% per year and determines potential cost savings from those reductions
C-FACT Emma Stewart and AniruddhaDeodhar from Autodesk
Reduces emissions based on intensity of emissions per contribution to global GDP
Context-based Carbon Metric
Center for Sustainable Organizations Compares the GHG emissions of organizations to specific targets taken from science-based climate change mitigation/stabilization scenarios
Climate Stabilization Intensity Target
Chris Tuppen from British Telecom Reduces emissions based on intensity of emissions per contribution to global GDP
GET-RC 6.1 Model Ford Assesses how cost-effective fuel and vehicle technology choices will be affected in the future
GEVA Jorgen Randers from the Norwegian Business School
Reduces emissions based on intensity of emissions per contribution to unit of value added (global GDP)
Mars Method Mars Uses an internal method for setting emissions from direct operations in line with 2⁰C pathway
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Science-based targets at CDP
Page 15
www.cdp.net | @CDP
Science-based targets at CDP
Through its Road to Paris campaign, CDP is asking that
companies set their emissions reductions goals in line with
a science-based target.
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www.cdp.net | @CDP
How do companies sign up? To indicate your preparedness to endorse these commitments, please contact the CDP
Road to Paris 2015 team by email at [email protected].
A team member will contact you to discuss your endorsement.
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Over 30 companies have committed
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AXA Group Bank J. Safra Sarasin AG BT Group CLP Holdings Limited Commerzbank AG Dentsu Inc. Diageo Plc H&M Hennes & Mauritz AB Honda Motor Company Iberdrola SA KAO Corporation
KeringKonica Minolta, Inc. Koninklijke KPN NV (Royal KPN) L'OréalMarks and Spencer Group plc Morgan Sindall Group plc National Grid Nestlé Nissan Motor Co., Ltd. Philip Morris International Pick 'n Pay Stores Ltd
Principal Financial Group Reed Elsevier Group Ricoh Co., Ltd. Royal Philips SodexoT.SINAİ KALKINMA BANKASI A.Ş. Tiger Brands TUI Travel Unilever plc Wipro
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Changes to CDP Climate Change Questionnaire
CDP will incentivize companies to
implement science-based targets in 2016.
CDP will look at what changes need to
be made (if any) to track companies' CO2
targets and their progress.
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CDP 2016 Climate Change Information Request
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Next steps
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www.cdp.net | @CDP
Next steps timeline
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2014 2015 2016
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecJan -Dec
methodology & tool
revisionmethodology
target tracker
call to action
guidance draft guidance stakeholder workshop
proof of concept
outreach (print, online, events, webinars)
beta version
publish guidance
stakeholder
inputFinalize tracker revise CDP questionnaire & scoring
further development (scope 3, AFOLU, sector details)launch v 1.0
tooldrafting and ß
testing
deploy
-ment
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Sources for more information
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Contact information and website
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Questions: [email protected]
(general Science Based Targets initiative inquiries)
(CDP-specific inquiries)
Companies that want to endorse science-based targets should contact the CDP
Road to Paris team at: [email protected]
Website: www.sciencebasedtargets.org
www.cdp.net | @CDP Page 24
Questions
