Carbon Disclosure Project (CDP)
CDP is an international non-profit organisation whose aim is to provide the largest and most comprehensive global system of environmental diffusion, enabling investors, companies, authorities and governments to mitigate risks in the use of energy and natural resources, and to identify opportunities for a more responsible approach to the environment. The organisation represents over 650 institutional investors with an investment of 87 billion dollars.
At Endesa, we participate in three initiatives of the Carbon Disclosure Project (CDP): CDP Climate Change, CDP Supply Chain and CDP Water.
Since 2006, we have taken part in the CDP Climate Change initiative, the most prestigious climate change index, which provides global information on the management of the risks and opportunities identified by the largest companies worldwide. In the last edition, we obtained a score of 'A-', 'Leadership' level. This excellent result reflects our firm commitment to the fight against climate change. This CDP recognition gauges, among other things, the integration of climate change into our corporate strategy, its transparency at the time of communicating it and the relationship with the value chain on the subject of climate change. Further, we adopt the best practices for management of emissions and establish ambitious short- and long-term goals for the reduction of emissions, assessing its progress and implementing effective reduction actions.
On the other hand, we identify and manage the risks and opportunities relating to climate change, implementing a detailed risk management procedure. This appropriate management will contribute to the achievement of the global objective adopted in the COP21 held in Paris in 2015, to limit the increase in temperature of the planet to 2ºC by the year 2100, in comparison with pre-industrial levels, the regulatory schedule of which was agreed upon for achievement of the objective and signed at the recent COP24 held in Katowice.
Since 2010, we have involved our suppliers, requesting their cooperation by filling in the CDP Supply Chain questionnaire, with the intention of transferring the commitment to climate change and the reduction of emissions to them. In 2018, the rate of response was over 91%, compared with the 68% average obtained by the companies participating in the initiative. The implication on the part of the providers in their response to our information request is far above the global average and increases every year, having grown by 10% since 2016.
In 2018, we assumed a position of leadership among Spain’s power companies by adhering to the CDP Water Disclosure for the eighth consecutive year. It is an initiative, which provides water and water-management data from the world’s largest corporations to inform the global marketplace on investment risk and commercial opportunities and to guide investors towards sustainable use of this resource.
This year, we obtained ‘Management’ level, with a B rating, one level higher than the average of the sector, which was ‘Awareness’.
As a result of our interest in improving performance with water, not only taking into account our own management, but also pursuing collaboration and promoting transparency of our suppliers, we participated in the CDP Supply Chain Water Programme. We participated in the programme for the first time in 2017.
In this way, we are demonstrating our commitment to value chain management. Also, by requesting information about water management from suppliers, we are able to tackle the risks associated with water and make the most of opportunities. The rate of response was 67%, compared with the 64% obtained by the companies participating in the initiative. In addition, over 40% of the suppliers who responded to the questionnaire have declared to have integrated the matters related to water into managing their business.