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CDP South Africa 100 Climate Change Report 2012 on Behalf of 655 Investors with Assets of US$78 Trillion

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CDP South Africa 100 Climate Change Report 2012 on Behalf of 655 Investors with Assets of US$78 Trillion CARBON DISCLOSURE PROJECT South African business: shifting the focus to performance CDP South Africa 100 Climate Change Report 2012 On behalf of 655 investors with assets of US$78 trillion Lead Partner Report written by Carbon Disclosure Project National Business Initiative Incite Sustainability [email protected] +44 (0) 20 7970 5660 www.cdproject.net Contents Foreword: Edna Molewa, Minister of Water and Environment Affairs ........................................................................................ 1 Foreword: Paul Simpson, CEO Carbon Disclosure Project........................................................................................................ 2 Foreword: Joanne Yawitch, National Business Initiative ............................................................................................................ 3 CDP Investor Members 2012 ..................................................................................................................................................... 4 CDP Signatory Investors 2012 ................................................................................................................................................... 5 Executive Summary ...................................................................................................................................................................... 8 Guest Commentary: KPMG ....................................................................................................................................................... 10 Guest Commentary: Element Investment Managers .............................................................................................................. 12 1 CDP South Africa 2012: An Overview ................................................................................................................................... 14 CDP 2012: The JSE 100 Sample.............................................................................................................................................. 14 CDP 2012: Evaluating the responses ....................................................................................................................................... 20 CDP 2012: Voluntary respondents ........................................................................................................................................... 30 2 The 2012 CDP Leaders ........................................................................................................................................................... 32 The Carbon Disclosure Leadership Index (CDLI) ..................................................................................................................... 32 The Carbon Performance Leadership Index (CPLI) .................................................................................................................. 33 Recognising leadership on carbon performance and disclosure ............................................................................................. 33 Guest Commentary: Industrial Development Corporation ..................................................................................................... 34 Guest Commentary: South African Post Office ....................................................................................................................... 36 3 Sector analysis ....................................................................................................................................................................... 38 Global 500 and JSE 100: A sectoral comparison ..................................................................................................................... 39 Consumer Discretionary ........................................................................................................................................................... 40 Consumer Staples .................................................................................................................................................................... 42 Energy & Materials .................................................................................................................................................................... 44 Financials.................................................................................................................................................................................. 47 Health Care ............................................................................................................................................................................... 50 Industrials ................................................................................................................................................................................. 52 IT and Telecoms ....................................................................................................................................................................... 54 Closing commentary .................................................................................................................................................................. 56 Appendix 1 – Key trends across CDP data sets ...................................................................................................................... 58 Appendix 2 – Emission reduction targets ................................................................................................................................ 60 Appendix 3 – Exclusions and qualifying remarks .................................................................................................................... 66 Appendix 4 - Exclusions and qualifying remarks for Voluntary Respondents ...................................................................... 68 Important Notice The contents of this report may be used by anyone providing acknowledgement is given to Carbon Disclosure Project (CDP). This does not represent a license to repackage or resell any of the data reported to CDP or the contributing authors and presented in this report. If you intend to repackage or resell any of the contents of this report, you need to obtain express permission from CDP before doing so. Incite Sustainability, in partnership with the National Business Initiative (NBI), has prepared the data and analysis in this report based on responses to the CDP 2012 information request. No representation or warranty (express or implied) is given by Incite Sustainability, NBI, CDP or any of its contributors as to the accuracy or completeness of the information contained in this report. You should not act upon the information and opinions contained in this publication without obtaining specific professional advice. To the extent permitted by law, CDP and its contributors do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it. All information and views expressed herein by CDP and any of its contributors is based on their judgment at the time of this report and are subject to change without notice due to economic, political, industry and firm-specific factors. Guest commentaries where included in this report reflect the views of their respective authors; their inclusion is not an endorsement of them. CDP and its contributors, their affiliated member firms or companies, or their respective shareholders, members, partners, principals, directors, officers and/or employees, may have a position in the securities of the companies discussed herein. The securities of the companies mentioned in this document may not be eligible for sale in some states or countries, nor suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by exchange rates. ‘Carbon Disclosure Project’ and ‘CDP’ refer to Carbon Disclosure Project, a United Kingdom company limited by guarantee, registered as a United Kingdom charity number 1122330. In the United States, CDP is a special project of Rockefeller Philanthropy Advisors. © 2012 Carbon Disclosure Project. All rights reserved. Foreword “Within the context of a year which has seen notable extreme weather events with substantial impacts on food security and price volatility, the balance required between economic development amidst an increasing complexity of challenges calls on us all to find innovative and transformative solutions.” The year 2011 was a milestone year for South Africa, to mitigate our emissions while giving equal attention to with successful hosting of the Climate Change building our resilience in areas such as water, agriculture Conference – COP 17 – which succeeded in galvanising and forestry, health, biodiversity and human settlements. key stakeholders and the private sector in particular, in This focus requires collective action from all sectors of our showcasing South Africa as an important player amongst society. nations in its resolve to combat climate change. Not only did we manage a critical year of action in climate Mindful of the outcomes of RIO +20, and including the change negotiations but we also used the platform well in 10th anniversary of the World Summit on Sustainable articulating the work of South Africa in transitioning to a Development which gave rise to the Johannesburg Plan low carbon and green economy.
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