Numerous sectors describe physical risk factors as material. The Manufacturing sector cites temperature changes, flooding, increased storm intensity, water shortages, spread of disease and change in local weather patterns as significant physical risks. Water supply was cited as a critical risk by the Raw Material, Mining, Paper and Packaging sector, as well as the Utilities sector, which also saw consumers becoming more aware of greenhouse gases due to rising fuel prices, which could lead to a decrease in demand.
Response rates across sectors varied and reveal that certain sectors are significantly better versed than others in disclosure practice and in the comprehension of what climate change means for their business.
Response rates across sectors ranged from:
The majority of companies (74%) reporting stated they had emissions reductions targets in place. Within Retail, more than 90% of companies report such targets, with 75% in Chemicals and Pharmaceuticals and 68% in Oil and Gas. Within the Technology, Media and Telecoms industry, 68% have reduction targets and 44% have absolute targets (rather than intensity targets).
There are a wide range of plans for reducing emissions. The transport sector is focusing on investments in new technologies, changing travel patterns, energy efficiency and workforce education. The Utilities sector will invest further in ren
|Contact: Joanna Lee|
Carbon Disclosure Project