CDP India Disclosure Workshop 2023

CDP – the global corporate environmental disclosure

platform

CDP is a global environmental impact non-profit working to secure a thriving

economy that works for people and planet.

CDP runs the global disclosure system that enables companies, cities, states and
regions to measure and manage their environmental impacts.

With the world’s most comprehensive collection of self reported data, the world’s
economy looks to CDP as the gold standard of environmental reporting.

Its network of investors, purchasers and policymakers around the globe, use our
data and insights to make better-informed decisions.
How we work
Use CDP to make informed decisions and
reward companies with superior
performance.

CAPITAL COMPANIES ENVIRONMEN

MARKETS AND T
PURCHASERS

Request environmental Measure and disclose Companies take action to

data through CDP their impacts, risks, tackle climate change,
opportunities, and safeguard water resources and
actions prevent the destruction of
forests
Provide data on environmental impacts,
risks, opportunities, investments and
strategies.
Who we worked with in 2022

680+ investors with US$130 trillion in assets

280+ supply chain members with over US$6.4 trillion in purchasing power

18,700+ companies responded through CDP

1,100+ cities, states and regions disclosed environmental information

 WHO USES CDP DATA?

5 CDP DISCLOSURE | @CDP

 POWERED BY CDP

 Governments use CDP data to make better long-term decisions, and partner with
CDP to boost corporate and city reporting.

 Through coalitions and partnerships, such as RE100, the Science Based Targets
initiative, Assessing the low-Carbon Transition and Carbon Pricing Corridors, CDP
powers corporate action demanded by investors and customers.

 Climetrics, powered by CDP data, is the world’s first and only independent climate
impact rating for investment funds.

6 CDP DISCLOSURE | @CDP

CDP DISCLOSURE | @CDP
Alignment with TCFD Framework
CDP has committed to its alignment with TCFD

CDP Recognizes:
TCFD recommendations will ensure climate information is integrated into mainstream financial reports,
providing transparency and a roadmap to meet the commitments of the Paris Agreement.

CDP has committed to align its climate-related questionnaires with the TCFD’s recommendations.
This will help:

• to drive the adoption of TCFD recommendations by reporting companies

• optimize the reporting burden
• speed-up the generation of decision-useful information for data users.

The water security and forests questionnaires have not adopted TCFD tags as the TCFD focuses on climate-
related issues.
Turning recommendations into metrics
How to provide complete,
What investors and comparable information for
companies should be each question. Resources to
evaluating. take action on metrics.

Standardized,
TCFD CDP CDP comparable,
CDP Scoring
Recommendations Questions Guidance decision-useful
data

Breakdown of What is best practice for

recommendations into each metric.
accessible, actionable
metrics.
CDP alignment with TCFD recommendations

CDP Climate Change

questionnaire

 Board-level oversight

 Scenario analysis, low carbon

transition planning
 Focus on financial impact

 Science-based targets,
sector-specific metrics
Why disclose to CDP
ENIVRONMENTAL DISCLOSURE
MAKES SOUND BUSINESS SENSE

Environmental disclosure is an enormous

business opportunity, as recognized by an
increasing number of businesses globally.

In recognizing the tangible business benefits of

disclosure and action, companies are raising their
ambitions and taking meaningful steps to address
climate change, deforestation and water security.
This ensures their long-term sustainability and
profitability, as well as equipping them to respond
to regulatory and policy changes.

Why disclose to CDP? | @CDP

BENEFITS OF REPORTING VIA CDP

Investor & Protect & Improve Benchmarking

Stakeholder your Company’s
Communication Reputation

Manage Risks & Boost your Get Ahead of

Uncover Competitive Regulation
Opportunities Advantage
2022 DISCLOSURE INSIGHTS
 India Corporate Disclosure- 2022 Highlights
123 Indian companies
disclosed their data
through CDP in 2022
Reported a total of INR 2,842 billion of climate-
related risks by Indian companies responding to
CDP.
122 Indian companies responding to climate
change questionnaires reported total carbon
equivalent emissions of about 1429 million tons
CO2 e (MtCO2 e), an increase of 24% compared
to 2021.
9% of electricity sourced is from renewable
sources
89% of companies have engagement strategies
across value chain
106 companies from India have committed to
ambitious Science Based Targets
 122/123 companies responded to the
CLIMATE CHANGE Climate Change questionnaire
44% growth 122
companies
in 2022 Evolving governance & strategy
85
companies Companies have board-level oversight of climate-
in 2021 97% related issues
Climate Change leaders
Company name Score
Companies report to the board at least once in
Hindustan Zinc A three months on climate-related issues
82%
Infosys Limited A
JSW Steel Ltd. A
Mahindra Lifespace Developers Limited A
Wipro A
Yes Bank A-
ITC Limited A-
Tata Steel A-
Mindtree A-
Ultratech Cement A-
Tech Mahindra A-
Shree Cement A-
Dr. Reddy’s Laboratories A-
Climate-related risks

Companies have a process in place for identifying, Companies quantified the magnitude of potential
96% assessing and responding to climate-related risks 86% financial or strategic impact on business
performance from climate risks
Climate-related opportunities
Companies identified climate-related opportunities to
93% have a substantial financial or strategic impact
Water-related risks

• In terms of financial impact, the

overall risk reported by water-
responding companies in 2022 is
INR 504 billion, while the cost of
response to risk stands at around
INR 37 billion.

• The cost of Inaction is 13 times

more than the cost of addressing
the risks indicating a prompt action
to leverage long-term water
resilience.
Water-related opportunities
Emissions 24%
1429 million tons CO2e increase
from 2021
(MtCO2e), reported by 122 companies in 2022
Scope 3 categories reported in 2022 & 2021
Waste generated in operations 33 49
Use of sold products 8 11
Upstream transportation and distribution 40 58
Upstream leased assets 13 22
Purchased goods and services 38 66
Processing of sold products 4 7
Other (upstream) 3 6
Other (downstream) 0 3
Investments 3 5
Fuel-and-energy-related activities 34 57
Franchises 2 4
End of life treatment of sold products 6 10
Employee commuting 47 67
Downstream transportation and distribution 30 46
Downstream leased assets 5 7
Capital goods 12 30
Business travel 52 76
0 10 20 30 40 50 60 70 80

No. of companies reporting in 2021 No. of companies reporting in 2022

Science Based Targets Initiative
Among the 106 SBTi committed companies in India, around 50% companies are disclosing their
environmental data through CDP in 2022, representing 40% in growth of SBTi responding companies from
the previous year.

Growth of SBTi in India

106
No. of Companies

64
52 43 Compared to 2021,
38
22 28
10 • 66% growth in new SBTi commitments

• 54% growth in companies setting SBTs

2019 2020 2021 2022
Year
SBTi commitment in India
Indian SBTi Companies with Approved targets
 Renewable Energy

195 TWh Total electricity consumption

9% of this is Renewable (compared to 5% reported in 2021)
Electricity consumption across sectors
Transportation services
Services
Retail
Power generation
Materials
Manufacturing
Infrastructure
Hospitality
Fossil Fuels
Food, beverage & agriculture
Biotech, health care & pharma
Apparel
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Non renewable electricity Consumption (% of total electricity consumption)

Renewable electricity Consumption (% of total electricity consumption)
 Thank you!

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