Discover the benefits and importance of verification of corporate climate data.

1. October 2011 Verification of climate data
Verification of climate data
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2. October 2011 Verification of climate data
Verification of climate data
Benefits and importance of verification. Two reporting companies share
their experience Q&A with four leading verification service providers
experience,

3. October 2011 Verification of climate data - Agenda
Today...
• Importance of verification and highlights from 2011 data: Michelle Cox, CDP
• ConAgra Foods and verification: Marcella Thompson, ConAgra Foods
• Embraer and verification: Guilherme de Almeida Freire Embraer
Freire,
• Q&A - Expert panel: Bureau Veritas, LRQA Lloyd's Register Quality
Assurance, PricewaterhouseCoopers LLP and TÜV NORD

4. October 2011 Verification at a glance
What is verification?
The verification or assurance process is “Verification is defined as a
Verification
undertaken by an independent third party systematic, independent and
and examines: documented process for the
evaluation of climate data
1. The system or model that forms the
basis of a greenhouse gas (GHG) against a set of predefined
assertion – for example set boundaries criteria.“
or equipment calibration;
2. The data and information included in an
assertion – a factual and objective
declaration made by a company.

5. October 2011 Why is verification important?
Importance and benefits of verification
Data quality!
 Meeting market demand
• Current and future regulation
• Global prospective buyers
• Investors
Bloomberg
Google Finance
Indices – e.g. Dow Jones Sustainability Indexes
g y
 Benefits – Enhancing processes and gaining competitive advantage:
• Increasing reliability, comparability, credibility and trust
• Identifying risks and opportunities
• Competitive advantage

6. October 2011 When can verification take place?
Data requirements
A general process that companies go through can be summarized in four steps:
Step 1 Collect scope 1 and scope 2 emissions data
Step 2 Monitor / measure corporate carbon footprint (i e carbon dioxide equivalent
(i.e.
emissions per source and categorized by scope)
Step 3 Manage / highlight areas where emissions savings can be made and the data
collection process optimized
Step 4 Reduce emissions

7. October 2011 Support for verification
Use of verification standards and streamlining of the processes
Use of standards is essential and provides consistency across delivery and
outcomes of verification.
Criteria to consider when choosing a standard for verification:
g
 Relevance
 Competency
 Independence
 Methodology
 Availability
Streamlining verification:
 Climate reporting maturity
 Carbon management solutions

8. October 2011 Useful information
Information about verification
 Read CDP’s Verification of climate data paper available
CDP s
from the CDP website
Find out about CDP’s requirements around verification and
stay update to date with developments
Give us your feedback on CDP’s verification strategy
– Open until October 31st
Visit https://www.cdproject.net/verification for CDP’s latest verification updates

9. October 2011 Highlights from 2011 CDP data
Overview: which companies are getting their data
verified?
Companies verifying Scope 1 emissions
Underway
19%
Verified
Not verified 47%
53% Complete
81%
Rest of World
China
Hong Kong
400
India
350
Taiwan
No. of companies
300
Brazil
250 Japan
200 Canada
Verified
c
150 South Africa
100 Not verified Australia Not verified
50 Verified South Korea
0 Rest of Europe
UK
US
0 100 200 300 400 500 600
No. of companies

10. October 2011 Highlights from 2011 CDP data
What verification practices are reported?
Scope 1 verification standards Scope 2 verification standards
AA1000 AA1000
AT101 AT101
10% 11% EC
1% 1%
EC Directive Directive
8% 1%
Other
32% Other
Oth
40%
ISAE 3000 ISAE 3000
25% 25%
ISO14064 3
ISO14064-3 ISO14064
ISO14064-
24% 3
22%
Utilities
Utilities Telecomms
Telecomms Materials
Materials IT
IT Industrials
Industrials
Health Care
Health Care
Energy
Energy
Consumer Staples
Consumer Staples
p
Consumer Disc. Consumer Disc.
Banks Banks
0 50 100 150 200 0 50 100 150 200

11. October 2011 Verification of climate data
Thank you
Michelle Cox
Technical Manager
Carbon Disclosure Project
Verification@cdproject.net

12. Marcella Thompson
Director Sustainability
marcella.thompson@conagrafoods.com

13. ConAgra Foods Overview
ConAgra Foods is a $12+ billion Fortune 500 company with more
than 24,000 employees, with the company’s world headquarters
located in Omaha, Neb.
located in Omaha, Neb.
ConAgra Foods began tracking a corporate greenhouse gas
inventory in fiscal year 2008; just completed third‐party
i t i fi l 2008 j t l t d thi d t
verification of our fiscal year 2011 inventory.

14. GHG Reporting & Verification Boundary
ConAgra Foods
has 80
manufacturing
locations
40 Consumer Foods
23 flour mills
15 Lamb Weston
2 Spicetec
Headquarter
q
locations in Omaha,
Naperville, and
Kennewick

15. GHG Inventory Profile
Verification
included all Scope
Also ifi d th
Al verified other 1 & 2 emissions,
i i
sustainability KPIs and Scope 3
transportation

16. ConAgra Foods GHG Data Management Journey
FY09
Compiled first GHG inventory using Excel spreadsheets
Compiled first GHG inventory using Excel spreadsheets
Submitted first response to CDP Investor Questionnaire
FY10
Internally developed an Oracle web‐based sustainable reporting application
Announced public sustainability goals, including 20 GHG reduction target
Submitted second response to CDP Investor Questionnaire
FY11 Completed first internal audit of GHG inventory
Began issuing quarterly sustainability progress reports to management
Submitted third response to CDP Investor Questionnaire
Completed internal audit of all sustainability metrics
Completed internal audit of all sustainability metrics
Completed external verification GHG inventory and sustainability metrics
FY12
Will submit verified data to the CDP in fourth response to Investor Questionnaire

17. Lessons Learned & Value in Verification
Mature data management systems simplify auditing process.
Internal Audit prepared us for third‐party verification and allowed us to
develop an accurate scope of work.
Regularly communicating sustainability KPIs to management improves data
management process.
Third party verification provided an objective assessment of our data
management systems and facilitates continuous improvement.
Verification enhances data‐owner accountability and engagement.

18. CDP Webinar
Verification of Climate Data
Guilherme Freire
Director,
Director Environmental Strategies and Technologies
October 20th, 2011

19. Embraer Commitment

20. • 2007 – Project started – 2000 2005 e 2006
2000,
• 2008-09 – Expending Scope III
• 2010-12 – External verification – 14.064:2006 – Part I
• 2010  Accomplished: 6 months
• 2011  Expected: 4 months
• 2012  Target: 2 months

21. • Improved quality of information and meeting the deadlines
for preparing the annual GHG inventory;
• Defining and implementing a GHG Emissions Management
System, based on ISO14064 - part 1;
• Increased awareness across administrative and operational
areas;
• Minimising the environmental impact across the
organization;
• Increased transparency with key stakeholders.

22. Thank you!
THANK YOU

23. October 2011 Q&A – Verification of climate data
Q&A
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24. October 2011 Verification of climate data
Thank you for attending:
Verification of climate data
https://www.cdproject.net/verification