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CDP Consultation: 2020 CDP Climate Change Questionnaire

Contents Introduction................................................................................................................................................................................................................ 3 2020 developments and revisions.............................................................................................................................................................................. 4 1. New real estate and construction sector questions ........................................................................................................................................... 4 Introduction – Organizational activities: RE & CN......................................................................................................................................... 5 Business strategy......................................................................................................................................................................................... 8 Emissions data – Embodied carbon ............................................................................................................................................................. 9 Emissions data – Emissions intensities: RE ............................................................................................................................................... 14 Emissions data – Emissions intensities: CN ............................................................................................................................................... 17 Additional metrics – Building energy use intensities ................................................................................................................................... 19 Additional metrics – Net zero buildings ...................................................................................................................................................... 22 Additional metrics – Low carbon investments: RE & CN ............................................................................................................................ 25 2. New capital goods sector questions................................................................................................................................................................ 27 Business strategy....................................................................................................................................................................................... 27 Emissions breakdown – Scope 3 emissions performance .......................................................................................................................... 29 Energy – Product-related efficiency metrics ............................................................................................................................................... 32 Additional metrics – Low-carbon investments: Capital goods ..................................................................................................................... 33 3. Proposed revisions to the 2019 CDP climate change questionnaire ............................................................................................................... 35 Module C2 – Risks and opportunities ......................................................................................................................................................... 35 Module C3 – Business strategy.................................................................................................................................................................. 43 Module C4 – Targets and performance ...................................................................................................................................................... 48 Other climate-related targets ............................................................................................................................................................... 49 Emissions reduction initiatives............................................................................................................................................................. 52

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Introduction How to use this document This document presents questionnaire content associated with:  The proposed modifications and changes set out in the climate change section of the consultation briefing document, which can be found on CDP’s consultation webpage.  The feedback requests presented in the climate change feedback form. Please read the briefing document before reviewing this content document, and then use the feedback form to provide your feedback and to share your expertise with CDP. For reference, you may wish to access the 2019 CDP climate change questionnaire. Each question number in the CDP climate change questionnaire begins with the letter C. Questions that are unique to companies in a particular sector are labelled using a two-letter abbreviation within the question number in sections one and two as follows:  Real Estate – RE  Construction – CN  Capital Goods – CG In section three of this document, proposed revisions to 2019 questions and the associated rationale for each revision will be detailed in a red table, with the revised 2020 content displayed underneath. Note the proposed revisions and developments presented in this document are not final and will be subject to change following feedback from consultation and before the 2020 questionnaire previews are published in December 2019. Summary of developments and revisions The overall strategy for 2020 developments is to continue the stabilization of the questionnaire; to simplify and reduce the reporting effort for disclosers where possible. The main drivers of change for the climate change questionnaire are completing the alignment with the TCFD sectors by including questions for the real estate, construction, capital goods and financial services sectors1; and simplifying existing modules following feedback from companies and data users. The following developments and revisions are included in this document:  Sections one and two: Three new TCFD sectors – proposed questions as follows: real estate (14 questions), construction (14 questions), capital goods (9 questions).  Section three: Modules C2, C3 and C4 – proposed revisions to simplify, reduce reporting effort, and improve data quality. 1

Public consultation on the financial services sector questions was conducted in 2018.

© 2019 CDP Worldwide The copyright of the material contained in this document is owned by CDP Worldwide, a registered charity number 1122330 and a company limited by guarantee, registered in England number 05013650. No part may be reproduced without the written consent of CDP. Any unauthorized use is prohibited and CDP reserves the right to protect its copyright by all legal means necessary.

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2020 developments and revisions 1. New real estate and construction sector questions Question number

Question text

RE

CN x

C-RE0.7a/C-CN0.7a

Indicate which activities your organization engages in.

x

C-RE0.7b

Indicate which property types are included in your portfolio in the reporting year.

x

C-CN0.7b

Indicate for which property types you completed new construction or major renovation in the reporting year.

C-RE3.1g/C-CN3.1g

Indicate whether your organization has developed a low-carbon transition plan to support the long-term business strategy.

x

x

C-RE3.1h/C-CN3.1h

Disclose details of your organization’s low-carbon transition plan

x

x

C-RE6.6/C-CN6.6

Do you assess embodied carbon for any of your new construction or major renovation projects?

x

x

C-RE6.6a/C-CN6.6a

Provide further details on how you assess the embodied carbon.

x

x

Can you disclose the embodied carbon emissions for the new construction/major renovation projects completed in the reporting year? Disclose the embodied carbon emissions of new construction/major renovation projects in the reporting year by property type.

x

x

x

x

C-RE6.16

Disclose the operational emissions intensities of the portfolio in the reporting year based on the floor area

x

C-CN6.17

Disclose the actual building emission rates of the buildings delivered in the reporting year.

C-RE9.1

Disclose the energy use intensity of the portfolio by property type.

C-CN9.1

Disclose the energy use intensity rates of the buildings delivered in the reporting year.

C-RE9.2/C-CN9.2

Does your portfolio/buildings delivered in the reporting year include net zero carbon buildings?

x

x

C-RE9.2a/C-CN9.2a

Provide further details on your net zero carbon buildings.

x

x

C-RE9.2b/C-CN9.2b

Explain why you do not plan to include net zero carbon buildings in your portfolio/buildings you deliver in the next two years.

x

x

C-RE9.6/C-CN9.6

Disclose your organization’s low-carbon investments for real estate and construction activities.

x

x

C-RE6.6b/C-CN6.6b C-RE6.6c/C-CN6.6c

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x

x x x

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Introduction – Organizational activities: RE & CN (C-RE0.7a/C-CN0.7a) Indicate which activities your organization engages in. Rationale This question helps to understand the activities your organization has engaged in so far or is planning to engage in the future. Selections made in this question will drive the subsequent questions. Response options Select all that apply from the following options: • • • • •

Completed new construction or major renovations in year(s) previous to the reporting year Planning to complete new construction or major renovation in the future Completed new construction in the reporting year Completed major renovations in the reporting year Had operating buildings under management in the reporting year

Explanation of terms New construction – development of new buildings and additions to existing buildings that affect usable space. Major renovations – alterations that affect more than 50 percent of the total building floor area or cause relocation of more than 50 percent of regular building occupants. Buildings under management – refers to both managed and indirectly managed assets. Managed assets or buildings are those for which the landlord is determined to have “operational control” where operational control is defined as having the ability to introduce and implement operating policies, health and safety policies, and/or environmental policies. Where a tenant has the greatest authority to introduce and implement such policies, the tenant has operational control meaning that the asset is indirectly managed. (C-RE0.7b) Indicate which property types are included in your portfolio in the reporting year. Rationale This question helps to understand the composition of your portfolio. Selections made in this question will drive the response options in subsequent questions. Question dependencies

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This question only appears if you select “Had operating buildings under management in the reporting year” in response to C-RE0.7a/C-CN0.7a. Response options Select all that apply from the following options: • • • • • • • • • • •

Retail Office Industrial Residential Hotel Lodging, leisure & recreation Healthcare Data centers Parking (indoors) Mixed use Other, please specify

Explanation of terms Portfolio refers to all direct real estate assets held by the company at any time during the reporting period, both managed and indirectly managed. Managed assets or buildings are those for which the landlord is determined to have “operational control” where operational control is defined as having the ability to introduce and implement operating policies, health and safety policies, and/or environmental policies. Where a tenant has the greatest authority to introduce and implement such policies, the tenant has operational control meaning that the asset is indirectly managed. Retail – includes the following sub-categories: Retail, High street: retail buildings located on the high street in a particular area, usually terraced buildings located in the city center or other high-traffic pedestrian zones. Retail, Shopping centers: enclosed centers for retail purposes. Examples may include, but are not limited to: regional malls and shopping malls. Retail, Warehouse: refers to buildings in an un-enclosed retail space, otherwise known as a strip center or strip mall, whereby buildings are usually stand-alone and situated side-by-side with their entrance facing a main street or carpark. Office – includes free-standing offices, office terraces, unattributed office buildings and office parks. Industrial – includes the following sub-categories: Industrial, Distribution warehouses: industrial buildings used for the purpose of storing, processing and distribution of goods to wholesalers, retailers and/or consumers. Industrial, Manufacturing: industrial buildings used for the purpose of manufacturing. Otherwise known as a factory or manufacturing plant. Page 6 of 53

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Industrial, Business parks: an area zoned for the purpose of industrial development, where (light-weight) industrial buildings are grouped together with offices. Examples may include, but are not limited to: industrial estate, trading estate and enterprise zone. Residential – includes the following sub-categories: Residential, Multi-family: multiple residential dwelling spaces contained within one building, otherwise known as a multi-dwelling unit. This includes low-, mid- and high-rise apartment blocks. Residential, Family homes: includes both single-family homes and multi-dwelling units not including apartment blocks. A single-family home is a separate, free-standing residential building. A multi-dwelling family home includes those such as two-flats, duplex, semi-detached, and townhouses. Synonyms include: Single-family home, single-detached dwelling, detached house, single-family residence, separate house, free-standing house, townhouse, duplex, condo, semidetached, villa. Residential, Student housing: residential buildings used for the purpose of housing students, otherwise known as student apartments, student houses, student residence, student quarters, and student accommodation. Senior homes – residential buildings used for the purpose of housing seniors, otherwise known as senior assisted living homes, retirement homes/apartments, retirement villages, old-age homes. Hotel - includes hotels, motels, youth hostels, lodging, and resorts. Lodging, leisure & recreation - indoor center used for the purpose of leisure and recreation. Examples may include, but are not limited to: exercise facilities, indoor sports courts, fitness studios, movie theaters, swimming centers and saunas/steam rooms. Healthcare- buildings used for the purpose of primary healthcare. Examples may include, but are not limited to: hospitals, clinics, physical therapy centers and mental health centers. Includes the subcategory of medical office - offices specifically used for the purpose of medical administration, secondary research or other related purposes. Data centers - property used for the purpose of data storage, processing and/or distribution. Examples may include, but are not limited to: telecommunications centers and data storage centers. Parking (indoors) - enclosed, indoor vehicle parking facilities, usually consisting of numerous levels for which vehicles are intended to be parked. Otherwise known as multi-story car park, parking building, parking garage, stacked car parking and indoor parking. Self-storage – indoor building or warehouse used for the purpose of self-storage for individuals and/or organizations, otherwise known as selfservice storage. Mixed use – mixed-use buildings that lack data availability by individual property type components.

(C-CN0.7b) Indicate for which property types you completed new construction or major renovation in the reporting year. Rationale This question helps to understand the type of buildings that you have completed in the reporting year. Selections made in this question will drive the response options in subsequent questions.

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Question dependencies This question only appears if you select “Completed new construction in the reporting year” or “Completed major renovations in the reporting year” in response to C-RE0.7a/C-CN0.7a. Response options Select all that apply from the following options: • • • • • • • • • • •

Retail Office Industrial Residential Hotel Lodging, leisure & recreation Healthcare Data centers Parking (indoors) Mixed use Other, please specify

Explanation of terms For definition of property types, see C-RE0.7b.

Business strategy (C-RE3.1g/C-CN3.1g) Indicate whether your organization has developed a low-carbon transition plan to support the long-term business strategy. Rationale The real estate and construction sector will require substantial changes to its business to align to a low-carbon economy, over the short, medium and long term. It is better for the success of the business and of its transition that these changes occur in a planned and controlled manner. Transition planning is an important evolution of strategic environmental planning and includes all the relevant changes that need to be made to a company’s business model before the company can adjust to a low-carbon future. Response options Page 8 of 53

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Select one of the following options: • Yes • No, we do not have a low-carbon transition plan • In development, we plan to complete it within the next two years (C-RE3.1h/C-CN3.1h) Disclose details of your organization’s low-carbon transition plan. Question dependencies This question only appears if you select “Yes” in response to C-RE3.1g/C-CN3.1g. Response options This is an open text question.

Emissions data – Embodied carbon (C-RE6.6/C-CN6.6) Do you assess embodied carbon for any of your new construction or major renovation projects? Question dependencies This question only appears if you select “Completed new construction or major renovations in year(s) previous to the reporting year”, “Planning to complete new construction or major renovation in the future”, “Completed new construction in the reporting year”, or “Completed major renovations in the reporting year” in response to C-RE0.7a/C-CN0.7a. Rationale GHG emissions or energy consumption are linked to every phase of the life cycle of buildings – starting from extraction or manufacturing of materials and their transportation, through construction, use phase and to final demolition of buildings. Therefore, to acquire an overall understanding of a built project’s total carbon impact, it is necessary to assess both the anticipated operational emissions and the embodied emissions. Response options Select one of the following options: • Yes • No, but we plan to do so in the next two years Page 9 of 53

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• No, and we do not plan to do so in the next two years Explanation of terms Embodied carbon has no established standardized definition. Embodied carbon emissions arise from producing, procuring and installing the materials and components that make up a structure. These also may include the lifetime emissions from maintenance, repair, replacement and ultimately demolition and disposal. In the context of CDP request, embodied carbon refers to emissions covering any of the following boundaries: Cradle to gate – includes raw materials extraction and supply, transport to manufacturing plant and manufacturing and fabrication. These emissions are usually calculated by assigning suitable embodied carbon factors to the given elemental material quantities: Cradle to gate emissions = Material quantity × Material embodied carbon factor. Cradle to practical completion/handover – includes the previous stage (cradle to gate) emissions and, in addition to it, the emissions from the construction process. In total, this boundary includes raw materials extraction and supply, transport to manufacturing plant, manufacturing and fabrication, transportation of the materials and components from the factory gate to the project site and their assembly into a building. Embodied carbon over the life cycle, or cradle to grave – includes the previous stage (cradle to practical completion/handover) and in addition to it, the emission from: - Use stage - any emissions relating to operational energy and water use as well as any embodied carbon impacts associated with maintenance, repair, replacement and refurbishment of building components; - End of life stage - any emissions arising from decommissioning, stripping out, disassembly, deconstruction and demolition operations as well as from transport, processing and disposal of materials at the end of life of the project Whole life carbon – includes the previous stage (cradle to grave) and, in addition to it, potential environmental benefits or burdens of materials and components beyond the life of the project. It captures the avoided emissions (or potential loads) from utilising repurposed items to substitute primary materials and can be used as a metric for quantifying circularity and assessing future resource efficiency. (C-RE6.6a/C-CN6.6a) Provide further details on how you assess the embodied carbon. Question dependencies This question only appears if you select “Yes” in response to C-RE6.6/C-CN6.6. Rationale Low-carbon design practices, especially when they target embodied carbon, are the most efficient as well as most cost-effective in the early phases of a project. Clear boundaries of embodied carbon assessment are critical for transparency and subsequent consistency and credibility of results. The whole life carbon approach is encouraged as it identifies the overall best combined opportunities for reducing lifetime emissions. This

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question provides data users with information on how early in the project phase you normally assess embodied carbon, as well as boundaries and methodologies most commonly applied. Response options Please complete the following table. Projects where embodied carbon is assessed

The earliest phase of the project when it is most commonly assessed

The boundaries that are most commonly applied

Standards/ Methodologies applied

Comment

Select from:

Select from:

Select from:

Select all that apply:

Text field

● All new construction and

● Strategic definition ● Initial project brief ● Concept design ● Technical design ● Specification ● Construction ● After completion

● Cradle to gate ● Cradle to practical

● EN 15978:2011 ● ISO 14040/44 ● GHG Protocol Product Life Cycle

major renovation projects

● New construction and major renovation projects meeting certain criteria (please specify)

● On a case by case basis

completion/handover

● Embodied carbon over the life cycle, or cradle to grave

● Whole life carbon ● Other, please specify

Accounting and Reporting Standard

● Whole life carbon assessment for the built environment, RICS

● Other, please specify

Explanation of terms For definitions of boundaries, see C-RE6.6/C-CN6.6. (C-RE6.6b/C-CN6.6b) Can you disclose the embodied carbon emissions for the new construction/major renovation projects completed in the reporting year? Question dependencies This question only appears if you select “Completed new construction in the reporting year”, or “Completed major renovations in the reporting year” in response to C-RE0.7a/C-CN0.7a, and you select “Yes” in response to C-RE6.6/C-CN6.6. Rationale To acquire an overall understanding of a built project’s total carbon impact, it is necessary to assess both the anticipated operational emissions and the embodied emissions. This and the follow-up question provide investors and data users with information on the embodied carbon of projects that you completed in the reporting year or the reasons you are not able to calculate or disclose these data.

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Response options Select one of the following options: • Yes • No, explanation provided2

(C-RE6.6c/C-CN6.6c) Disclose the embodied carbon emissions of new construction/major renovation projects in the reporting year by property type. Question dependencies This question only appears if you select “Yes” in response to C-RE6.6b/C-CN6.6b. Rationale To acquire an overall understanding of a built project’s total carbon impact, it is necessary to assess both the anticipated operational emissions and the embodied emissions. This question provides investors and data users with information on the embodied carbon of projects that you completed in the reporting year. Response options Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table. Property type

Type of project(s) covered

Boundary of the assessment

Area definition (denominator)

Denominator unit

Select from:

Select from:

Select from:

Select from:

Select from:

[Drop down options determined by property types selected in CRE0.7b/C-CN0.7b]

● New construction ● Major renovation ● Both new construction and

● Cradle to gate ● Cradle to practical completion/handover ● Embodied carbon over the life cycle, or

● Common area ● Tenant area ● Whole building area ● Other, please specify

● square foot ● square meter

major renovation

cradle to grave

● Whole life carbon ● Other, please specify

2

In case you were not able to quantify the embodied carbon, please explain whether you tried to address it following prescriptive methodologies, such as, for example, The Carbon Smart Materials Palette®.

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Embodied carbon, kgCO2e per the denominator unit

Indicate which Scope(s) (and category(ies) of Scope 3) this embodied carbon is accounted for in your inventory?3

Proportion of total new construction/major renovation projects in the reporting year this metric covers (by floor area)4

Standards/ Methodologies applied

Comment

Numerical field

Select from:

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

Select from:

Text field

● Scope 1 ● Scope 2 (location-based) ● Scope 2 (market-based) ● Scope 1+2 (location-based) ● Scope 1+2 (market-based) ● Scope 1+2 (location-based) +3 (upstream) ● Scope 1+2 (location-based) +3 (downstream) ● Scope 1+2 (location-based) +3 (upstream &

● EN 15978:2011 ● ISO 14040/44 ● GHG Protocol Product Life Cycle Accounting and Reporting Standard

● Whole life carbon assessment for the built environment, RICS

● Other, please specify

downstream)

● Scope 1+2 (market-based) +3 (upstream) ● Scope 1+2 (market-based) +3 (downstream) ● Scope 1+2 (market-based) +3 (upstream & downstream)

● Scope 3 (upstream) ● Scope 3 (downstream) ● Scope 3 (upstream & downstream) ● Scope 3: Purchased goods and services ● Scope 3: Capital goods ● Scope 3: Fuel and energy-related activities (not included in Scopes 1 or 2)

● Scope 3: Upstream transportation and distribution

● Scope 3: Waste generated in operations ● Scope 3: Business travel ● Scope 3: Employee commuting ● Scope 3: Upstream leased assets ● Scope 3: Investments

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● Scope 3: Downstream transportation and distribution

● Scope 3: Processing of sold products ● Scope 3: Use of sold products ● Scope 3: End-of-life treatment of sold products

● Scope 3: Downstream leased assets ● Scope 3: Franchises ● Other, please specify ● None [Add row] Explanation of terms For definitions of boundaries, see C-RE6.6/C-CN6.6. Common area – area shared with other building occupants, including, but not limited to: entrance areas, corridors, lifts, staircases, waste storage stores, communal kitchen and breakout facilities. Tenant area – lettable floor area (both vacant and let/leased areas) that is or can be occupied by tenants. Whole building area – total floor area contained within the building, including common area and tenant area.

Emissions data – Emissions intensities: RE (C-RE6.16) Disclose the operational emissions intensities of the portfolio in the reporting year based on the floor area. Question dependencies This question only appears if you select “Had operating buildings under management in the reporting year” in response to C-RE0.7a/C-CN0.7a.

3

The rationale behind this data point is to understand how the reported assessment boundary corresponds to the Scopes in your emissions inventory, although not necessarily in the same year. It might be that the embodied carbon of a project completed in the reporting year was accounted for in your Scope 3 inventory in previous reporting years (e.g. when materials were purchased). The timing is not important here. 4 The sum of all rows for this column should give the total proportion of the company’s completed projects where embodied carbon is evaluated (i.e. the total of 100% will indicate that embodied carbon was evaluated for all projects completed in the reported year).

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Rationale In line with TCFD recommendations, in the transition to a low-carbon economy, the carbon efficiency of properties provides investors with an indication of the vulnerability of the product portfolio to transition risk and thus the earning capacity of real estate portfolios. Response options Please complete the following table. Property type

Are you reporting intensity for this property type?

Energy use included (numerator)*

Area definition (denominator)*

Denominator unit*

Auto-populated with property types selected in C-RE0.7b

Select from:

Select from:

Select from:

Select from:

● Yes ● No

● Regulated energy ● Unregulated energy ● Total operational use including

● Common area ● Tenant area ● Whole building area ● Other, please specify

● square foot ● square meter

regulated and unregulated energy

● Other, please specify

Intensity figure, kgCO2e per the denominator unit*

Select the elements for which intensities are normalized in your calculations*

Indicate which Scope(s) (and category(ies) of Scope 3) this intensity figure corresponds to in your inventory*

% of portfolio covered (by floor area)*

Comment

Numerical field

Select all that apply:

Select from:

Text field

● Air conditioning and/or natural

● Scope 1 ● Scope 2 (location-based) ● Scope 2 (market-based) ● Scope 1+2 (location-based) ● Scope 1+2 (market-based) ● Scope 1+2 (location-based) +3 (upstream) ● Scope 1+2 (location-based) +3

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

ventilation

● Building age ● Degree days ● Footfall ● Occupancy rate ● Operational hours ● None - intensities are not

(downstream)

normalized

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● Other, please specify

● Scope 1+2 (location-based) +3 (upstream & downstream)

● Scope 1+2 (market-based) +3 (upstream) ● Scope 1+2 (market-based) +3 (downstream)

● Scope 1+2 (market-based) +3 (upstream & downstream)

● Scope 3 (upstream) ● Scope 3 (downstream) ● Scope 3 (upstream & downstream) ● Scope 3: Purchased goods and services ● Scope 3: Capital goods ● Scope 3: Fuel and energy-related activities (not included in Scopes 1 or 2)

● Scope 3: Upstream transportation and distribution

● Scope 3: Waste generated in operations ● Scope 3: Business travel ● Scope 3: Employee commuting ● Scope 3: Upstream leased assets ● Scope 3: Investments ● Scope 3: Downstream transportation and distribution

● Scope 3: Processing of sold products ● Scope 3: Use of sold products ● Scope 3: End-of-life treatment of sold products

● Scope 3: Downstream leased assets ● Scope 3: Franchises ● Other, please specify ● None *This column only appears if “Yes” is selected in column 2.

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Explanation of terms Regulated energy – energy consumption by fixed building services and fittings that include space heating and cooling, hot water, ventilation and lighting. Unregulated energy – energy consumption resulting from a system or process that is not ‘controlled’ and may include: - energy consumption from systems integral to the building and its operation, e.g. lifts, escalators, refrigeration systems and ducted fume cupboards; - energy consumption from operational-related equipment e.g. computers, servers, printers, photocopiers, laptops, mobile fume cupboards, cooking, audio-visual equipment and other appliances. For definitions of areas, see C-RE6.6c.

Emissions data – Emissions intensities: CN (C-CN6.17) Disclose the actual building emission rates of the buildings delivered in the reporting year. Question dependencies This question only appears if you select “Completed new construction in the reporting year” or “Completed major renovations in the reporting year” in response to C-RE0.7a/C-CN0.7a. Rationale For construction companies, a large share of emissions occurs as indirect emissions during the use phase of the buildings they deliver. The carbon efficiency of delivered buildings provides investors and data users with an indication of the vulnerability of the company’ product portfolio to transition risk. Response options Please complete the following table. Property type

Are you reporting for this property type?

Type of project(s) covered*

Energy use included (numerator)*

Area definition (denominator)*

Denominator unit*

Auto-populated with property types

Select from:

Select from:

Select from:

Select from:

Select from:

● Yes

● New construction

● Regulated energy

● Common area

● square foot

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selected in CCN0.7b

● No

● Major renovation ● Both new construction and major renovation

● Unregulated energy ● Total operational use including regulated and

● Tenant area ● Whole building area ● Other, please specify

● square meter

unregulated energy

● Other, please specify

Intensity figure, kgCO2e per the denominator unit*

Select the elements for which intensities are normalized in your calculations*

Indicate which Scope(s) (and category(ies) of Scope 3) this intensity figure corresponds to in your inventory*

% of buildings covered (by floor area)*

Comment

Numerical field

Select all that apply:

Select from:

Text field

● Air conditioning and/or natural

● Scope 1 ● Scope 2 (location-based) ● Scope 2 (market-based) ● Scope 1+2 (location-based) ● Scope 1+2 (market-based) ● Scope 1+2 (location-based) +3 (upstream) ● Scope 1+2 (location-based) +3 (downstream) ● Scope 1+2 (location-based) +3 (upstream &

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

ventilation

● Building age ● Degree days ● Footfall ● Occupancy rate ● Operational hours ● None - intensities are not normalized

● Other, please specify

downstream)

● Scope 1+2 (market-based) +3 (upstream) ● Scope 1+2 (market-based) +3 (downstream) ● Scope 1+2 (market-based) +3 (upstream & downstream)

● Scope 3 (upstream) ● Scope 3 (downstream) ● Scope 3 (upstream & downstream) ● Scope 3: Purchased goods and services ● Scope 3: Capital goods ● Scope 3: Fuel and energy-related activities (not included in Scopes 1 or 2)

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● Scope 3: Upstream transportation and distribution

● Scope 3: Waste generated in operations ● Scope 3: Business travel ● Scope 3: Employee commuting ● Scope 3: Upstream leased assets ● Scope 3: Investments ● Scope 3: Downstream transportation and distribution

● Scope 3: Processing of sold products ● Scope 3: Use of sold products ● Scope 3: End-of-life treatment of sold products ● Scope 3: Downstream leased assets ● Scope 3: Franchises ● Other, please specify ● None *This column only appears if “Yes” is selected in column 2.

Explanation of terms Actual building emission rate – the predicted building’s CO2 emission rate as designed, expressed as kgCO2/m2/year and calculated in accordance with approved building energy calculation software. For definitions of areas, see C-RE6.6c. For definitions of energy use, see C-RE6.16.

Additional metrics – Building energy use intensities (C-RE9.1) Disclose the energy use intensity of the portfolio by property type. Question dependencies This question only appears if you select “Had operating buildings under management in the reporting year” in response to C-RE0.7a.

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Rationale Energy use intensities are key metrics to measure energy performance of buildings. In line with TCFD recommendations, in the transition to a lowcarbon economy, the energy efficiency of properties provides investors with an indication of the vulnerability of the portfolio to transition risk and thus the earning capacity of real estate portfolios. Response options Please complete the following table. Property type

Are you reporting intensity for this property type?

Energy use included (numerator)*

Area definition (denominator)*

Denominator unit*

Auto-populated with property

Select from:

Select from:

Select from:

Select from:

● Yes ● No

● Regulated energy ● Unregulated energy ● Total operational use including

● Common area ● Tenant area ● Whole building area ● Other, please specify

● square foot ● square meter

types selected in C-RE0.7b

regulated and unregulated energy

● Other, please specify

Intensity figure, kWh per the denominator unit*

Select the elements for which intensities are normalized in your calculations*

% of portfolio covered (by floor area)*

Comment

Numerical field

Select all that apply:

Percentage field [enter a percentage from 0100 using a maximum of 2 decimal places]

Text field

● Air conditioning and/or natural ventilation ● Building age ● Degree days ● Footfall ● Occupancy rate ● Operational hours ● None - intensities are not normalized ● Other, please specify *This column only appears if “Yes” is selected in column 2.

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Explanation of terms For definitions of areas, see C-RE6.6c. For definitions of energy use, see C-RE6.16. (C-CN9.1) Disclose the energy use intensity rates of the buildings delivered in the reporting year. Question dependencies This question only appears if you select “Completed new construction in the reporting year” or “Completed major renovations in the reporting year” in response to C-CN0.7a. Rationale For construction companies, a large share of emissions occurs as indirect emissions from the energy use in the buildings they deliver. The energy use intensity rates of delivered buildings provide investors and data users with an indication of the vulnerability of the company’s product portfolio to transition risk. Response options Please complete the following table. Property type

Are you reporting for this property type?

Type of project(s) covered*

Energy use included (numerator)*

Area definition (denominator)*

Auto-populated with property types selected in C-CN0.7b

Select from:

Select from:

Select from:

Select from:

● Yes ● No

● New construction ● Major renovation ● Both new construction and major

● Regulated energy ● Unregulated energy ● Total operational use including

● Common area ● Tenant area ● Whole building area ● Other, please specify

renovation

regulated and unregulated energy

● Other, please specify

Denominator unit*

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Intensity figure, kWh per the denominator unit*

Select the elements for which intensities are normalized in your calculations*

% of buildings covered (by floor area)*

Comment

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Select from:

Numerical field

● square foot ● square meter

Select all that apply:

● Air conditioning and/or natural ventilation ● Building age ● Degree days ● Footfall ● Occupancy rate ● Operational hours ● None - intensities are not normalized ● Other, please specify

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

Text field

*This column only appears if “Yes” is selected in column 2

Explanation of terms For definitions of areas, see C-RE6.6c. For definitions of energy use, see C-RE6.16.

Additional metrics – Net zero buildings (C-RE9.2/C-CN9.2) Does your portfolio/buildings delivered in the reporting year include net zero carbon buildings? Question dependencies This question only appears if you select “Completed new construction in the reporting year”, “Completed major renovations in the reporting year”, or “Had operating buildings under management in the reporting year” in response to C-RE0.7a/C-CN0.7a. Rationale In line with TCFD recommendations, regulatory measures such as a transition to low-carbon properties may affect the financial viability of existing properties. Understanding the percentage of net zero carbon buildings provides investors with an indication of the potential impact of regulatory measures on your portfolio/ buildings you deliver and demand. Response options Select one of the following options: Page 22 of 53

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• Yes • No, but we plan to include them in the next two years • No, and we do not plan to include them in the next two years Explanation of terms Net zero carbon building - in line with the World Green Building Council’s definition, a building that is highly energy efficient and fully powered from on-site and/or off-site renewable energy sources. More specific definitions have been developed by some local Green Building Councils as well as in some national regulations. If you are operating in the countries where the definition of net zero carbon building has been defined in a legal document (e.g. building regulations and energy decrees) or by the local Green Building Council, you should apply that definition when responding to this question. Some of the examples of existing/proposed definitions include: Japan: Net Zero Energy Building (ZEB) definition proposed by Ministry of Economy, Trade and Industry - building with considerably reduced annual energy consumption by saving as much energy as possible via better heat insulation, solar shading, natural energy and high-efficiency equipment as well as creating energy (e.g., with photovoltaic power generation), while maintaining comfortable environments. The goal is to achieve net zero energy consumption by creating [renewable] energy while achieving at least 50% higher energy saving than prescribed by the Energy Saving Standard. United Kingdom: The Net Zero Carbon Buildings: A Framework Definition developed by UK Green Building Council sets out definitions and principles around two approaches to net zero carbon – for construction and operational energy, which are of equal importance. Net zero carbon for both construction and operational energy represents the greatest level of commitment to the framework: Net zero carbon – construction: when the amount of carbon emissions associated with a building’s product and construction stages up to practical completion is zero or negative, through the use of offsets or the net export of on-site renewable energy; Net zero carbon – operational energy: when the amount of carbon emissions associated with the building’s operational energy on an annual basis is zero or negative. A net zero carbon building is highly energy efficient and powered from on-site and/or off-site renewable energy sources, with any remaining carbon balance offset. Portfolio is applied here in relation to real estate companies and refers to all direct real estate assets held by the company at any time during the reporting period, both managed and indirectly managed. Managed assets or buildings are those for which the landlord is determined to have “operational control” where operational control is defined as having the ability to introduce and implement operating policies, health and safety policies, and/or environmental policies. Where a tenant has the greatest authority to introduce and implement such policies, the tenant has operational control meaning that the asset is indirectly managed. Buildings delivered in the reporting year is applied here in relation to construction companies and refers to all new construction and major renovation projects completed in the reporting year. (C-RE9.2a/C-CN9.2a) Provide further details on your net zero carbon buildings.

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Question dependencies This question only appears if you select “Yes” in response to C-RE9.2/C-CN9.2. Rationale In line with TCFD recommendations, regulatory measures such as a transition to low-carbon properties may affect the financial viability of existing properties. Understanding the percentage of net zero carbon buildings provides investors with an indication of the potential impact of regulatory measures on your portfolio/ buildings you deliver and demand. It is acknowledged that certification schemes for net zero carbon buildings are not yet widely available, but where they are, they provide additional credibility to self-made claims for net zero carbon. Response options Please complete the following table. Property type

Proportion of total portfolio/buildings delivered in the reporting year which can be classified as net zero carbon (by floor area)†

Have any of the buildings been certified as net zero carbon?

Proportion of buildings certified as net zero carbon (based on floor area)*

Certification scheme(s)*

Please explain

Auto-populated with property types selected in C-RE0.7b/C-CN0.7b

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

Select from:

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

Select all that apply:

Text field

● Yes ● No

● LEED Zero Carbon ● LEED Zero Energy ● ILFI Zero Carbon Certification ● ILFI Zero Energy Building Certification ● CaGBC Zero Carbon Building Standard – Design

● CaGBC Zero Carbon Building Standard – Performance

● GBCSA Net Zero/Net Positive Certification ● Zero Energy Building Certification (GBC Brazil)

● E+C- label (Bâtiment à Énergie Positive et Réduction Carbone)

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● Carbon neutral certification against the National Carbon Offset Standard for Building through NABERS Energy;

● Carbon neutral certification against the National Carbon Offset Standard for Building through Green Star – Performance

● EDGE ● Other, please specify † The

sum of all rows for this column should give the total proportion of the company’s portfolio/ buildings delivered which are net zero carbon (i.e. the total sum of 100% will indicate that all buildings in the portfolio/ delivered in the reported year are net zero carbon). *This column only appears if “Yes” is selected in column 3.

(C-RE9.2b/C-CN9.2b) Explain why you do not plan to include net zero carbon buildings in your portfolio/buildings you deliver in the next two years. Question dependencies This question only appears if you select “No, and we do not plan to include them in the next two years” in response to C-RE9.2/C-CN9.2. Rationale This question helps to investigate the barriers that organizations are experiencing in delivering and operating net zero carbon buildings. Response options This is an open text question.

Additional metrics – Low carbon investments: RE & CN (C-RE9.6/C-CN9.6) Disclose your organization’s low-carbon investments for real estate and construction activities. Rationale Investments in new low-carbon technologies are needed to manage transition risk. According to the TCFD recommendations, the level of investment provides an indication of the level to which the future earning capacity of the core business might be affected.

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Response options Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table. Investment start date

Investment end date

Investment area

Technology area†

Investment maturity

Investment figure

Low-carbon investment figure

Please explain

Numerical field

Numerical field

Select from:

Select from:

Select from:

Numerical field

Select from:

Text field

From: [DD/MM/YYYY]

To: [DD/MM/YYYY]

● R&D ● Property, plant and

● Integration of

● Basic

equipment

● Products ● Services

renewable energy

academic/theoretic

sources in buildings

al research

● Architectural or constructional elements improving the thermal performance of buildings

● New building materials …

● Other, please specify

● Applied research and development

● Pilot demonstration ● Full/commercial-

● 0-20% ● 21-40% ● 41-60% ● 61-80% ● 81-100%

scale demonstration

● Small scale commercial deployment

● Large scale commercial deployment

[Add row] †List

of drop-down options for “Technology area” to be developed further.

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2. New capital goods sector questions Business strategy (C-CG3.1g) Indicate whether your organization has developed a low-carbon transition plan to support the long-term business strategy. Rationale Transition planning is an essential tool to ensure implementation of a low-carbon strategy. Data users are interested in understanding the details of companies’ low-carbon transition plans and the steps being taken to implement climate-related commitments. Response options Select one of the following options: • Yes • No, we do not have a low-carbon transition plan • In development, we plan to complete it within the next two years (C-CG3.1h) Disclose details of your organization’s low-carbon transition plan, including how it affects your product portfolio. Question dependencies This question only appears if you select “Yes” in response to C-CG3.1g. Rationale Data users are interested in understanding the details of companies’ low-carbon transition plans and, in particular, if their product portfolio is being aligned with their low-carbon transition. Response options This is an open text question.

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(C-CG3.2) Does your organization assess the life cycle emissions of any of its products? Rationale Stakeholders are increasingly requesting companies to measure and disclose their product-related emissions. Performing a product inventory can help companies avoid focusing on the most obvious sources of emissions associated with a product’s production whilst missing energy intensive operations elsewhere in the life cycle, allowing them to focus efforts on the most cost-effective emissions reduction strategies. Response options Select one of the following options: • Yes • No, but we plan to do so in the next two years • No, and we do not plan to do so within the next two years

(C-CG3.2a) Explain how your organization assesses product life cycle emissions. Response options Please complete the following table. Which products are assessed?

Life cycle stage most commonly applied

Methodologies/standards applied

Select from:

Select from:

Select all that apply:

● Entire product portfolio ● All existing products ● All future products ● Products meeting certain criteria (please specify) ● On a case-by-case basis

● Use phase ● Resource extraction to product completion (Cradle-to-gate) ● Resource extraction to product disposal (Cradle-to-grave) ● Resource extraction to product recycling (Cradle-to-

● Bilan Carbone ● EU Product Environmental Footprint (EUPEF) ● French Product Environmental Footprint ● GHG Protocol Product Accounting & Reporting Standard ● ISO 14025 ● ISO 14040 & 14044 ● PAS 2050

cradle/closed loop production)

● Selected phase of the production process (Gate-to-gate) ● Other, please specify



● Other, please specify

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Emissions breakdown – Scope 3 emissions performance (C-CG7.10) How do your Scope 3 emissions for the reporting year compare to those of the previous reporting year? Rationale Investors and data users are interested in understanding whether companies are successfully reducing their indirect emissions year on year. This question asks how Scope 3 emissions have changed at a granular level to understand how companies are reducing their emissions footprints, thus allowing data users to gain an insight into factors than have contributed to these changes. Response options Select one of the following options: • • • • •

Increased Decreased Remained the same overall This is our first year of reporting, so we cannot compare to last year We don’t have any Scope 3 emissions data

(C-CG7.10a) Identify the reasons for any change in your Scope 3 emissions, and for each of them specify how your emissions compare to the previous year. Question dependencies This question only appears if you select “Increased”, “Decreased”, or “Remained the same overall” in response to C-CG7.10. Response options Please complete the following table. Only the sources of Scope 3 emissions selected as “Relevant, calculated” or “Not relevant, calculated” in C6.5 will appear in column 1. Sources of Scope 3 emissions

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Direction of change

Reason for change*

Change in emissions (metric tons CO2e)*

Emissions value (percentage)*

Please explain calculation**

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Purchased goods and services

Select from:

Select from:

● Increased ● Decreased ● No change ● First year of reporting

● Change in renewable energy

this source

Numerical field

Numerical field

Text field

consumption

● Change in renewable energy generation

● Change in product efficiency ● Change in material use efficiency

● Other emissions reduction activities

● Divestment ● Acquisitions ● Mergers ● Change in output ● Change in methodology ● Change in boundary ● Change in physical operating conditions

● Unidentified ● Other, please specify Capital goods

Fuel and energy-related activities (not included in Scopes 1 or 2)

Upstream transportation and distribution

Waste generated in operations

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Business travel

Employee commuting

Upstream leased assets

Downstream transportation and distribution

Processing of sold products

Use of sold products

End-of-life treatment of sold products

Downstream leased assets

Franchises

Investments

Other (upstream)

Other (downstream)

*This column only appears if “Increased” or “Decreased” is selected in column 2. **This column only appears if “Increased”, “Decreased”, or “No change” is selected in column 2.

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Energy – Product-related efficiency metrics (C-CG8.4) Does your organization measure the efficiency of any of its products? Rationale Energy efficiency will be a key pillar to achieving the International Energy Agency’s below 2-degree scenario as global energy demand grows. For capital goods companies, most emissions occur indirectly during the use phase of the products they produce. Companies that can measure the efficiency of their products and make improvements through product design should be able to reduce their Scope 3 emissions and help purchasing organizations achieve their own efficiency goals. Response options Select one of the following options: • Yes • No

(C-CG8.4a) Disclose the efficiency metrics appropriate for your organization's products. Question dependencies This question only appears if you select “Yes” in response to C-CG8.4. Response options Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table. Product group†

Comment (product or product range)*

Proportion of total portfolio covered by this metric (by revenue) in the reporting year

Efficiency figure

Metric numerator

Metric denominator

% change from previous year

Please explain

Select from:

Text field

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

Numerical field

Select from:

Select from:

Numerical field [-100 to 100]

Text field

● GJ ● MWh ● tCO2

● kilometer ● megawatt hour (MWh) ● metric ton of product

● Batteries (including fuel cells)

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● Heating & cooling systems

● Industrial machinery

● Non-road mobile

● tCO2e ● liter of fuel …

● Other, please specify

heavy machinery

● Power generation

● unit hour worked ● unit of production ● unit revenue ● USD($) value-added …

● Other, please specify

equipment

● Power tools ● Solar PV equipment

● Stationary generators …

● Other, please specify

[Add row] †List of drop-down options for “Product group” to be developed further. *This column can be used to specify the product or product category if you wish to do so and will not be scored.

Additional metrics – Low-carbon investments: Capital goods (C-CG9.6) Disclose your investments in low-carbon research and development (R&D), equipment, products, and services. Rationale Data users are interested in understanding the actions taken by high-impact sectors in the transition towards a low-carbon economy. Specifically, the level of low-carbon investments provides an indication of the level to which future earning capacity of core business might be affected, and the extent to which future resilience to climate-related issues can be incorporated in businesses. Investment in RD&D of low-carbon products with scope for system-wide change will be key for the capital goods sector’s transition to a low-carbon future. Response options Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table.

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Investment start date

Investment end date

Investment area

Technology area†

Investment maturity

Investment figure

Low-carbon investment figure

Please explain

Numerical field

Numerical field

Select from:

Select from:

Select from:

Numerical field

Select from:

Text field

From: [DD/MM/YYYY]

To: [DD/MM/YYYY]

● R&D ● Property, plant

● Carbon capture and

● Basic

and equipment

● Products ● Services

storage/utilization

academic/theoreti

(CCS)

cal research

● Distributed energy resources

● Electromobility components

● Energy efficient heating and cooling systems

● Energy storage ● Hydrogen power ● Machinery automation ● Other energy efficient products of efficiency drivers

● Recycling ● Remanufacturing ● Renewable energy ● Smart systems

● Applied research and development

● Pilot

● 0-20% ● 21-40% ● 41-60% ● 61-80% ● 81-100%

demonstration

● Full/ commercialscale demonstration

● Small-scale commercial deployment

● Large-scale commercial deployment



● Other, please specify [Add row] †List

of drop-down options for “Technology area” to be developed further.

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3. Proposed revisions to the 2019 CDP climate change questionnaire Module C2 – Risks and opportunities The diagram below shows the revised question pathway for Module C2 – the new or revised questions are depicted with a red border.

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2019 question no.

2019 question text

Revisions from 2019

Rationale for revisions

N/A

N/A

New leading question in 2020 - C2.1 (2019 C2.1 therefore renumbered to C2.2a).

To better align with CDP’s forests and water security questionnaires and to improve the question flow.

(C2.1) Does your organization have a process for identifying, assessing, and managing climate-related issues? Rationale CDP asks about a process for identifying, assessing, and managing climate-related issues so that data-users may gauge the thoroughness of your company's understanding of its risk exposure. Response options Select one of the following options: • Yes • No

2019 question no.

2019 question text

Revisions from 2019

Rationale for revisions

N/A

N/A

New question - request to provide a definition of a substantive financial or strategic impact has been a part of information requested in 2019 C2.2b. This has been broken out into a separate question in 2020 – C2.2b.

To better align with CDP’s forests and water security questionnaires and to improve data quality.

(C2.2b) How does your organization define substantive financial or strategic impact on your business? Rationale The subsequent questions will ask you to disclose risks and opportunities with the potential to have a substantive impact on your business. What is considered as a substantive impact for a business will be different for each responding company, therefore explaining your threshold for classifying potential impacts as substantive is critical context for CDP data users.

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Response options This is an open text question.

2019 question no.

2019 question text

Revisions from 2019

Rationale for revisions

C2.2

Select the option that best describes how your organization's processes for identifying, assessing, and managing climate-related issues are integrated into your overall risk management.

These two questions have been merged into a new question in 2020 - C2.2c.

To improve clarity of the requested information, reduce repetitions and to better align with CDP’s forests and water security questionnaires.

C2.2a

Select the options that best describe your organization's frequency and time horizon for identifying, and assessing climaterelated risks.

(C2.2c) Provide details of your process(es) for identifying, assessing and managing climate-related risks and opportunities. Question dependencies This question only appears if you select “Yes” in response to C2.1. Rationale Understanding how a company integrates the consideration of climate-related risks into its overall risk management framework provides insight into the thoroughness of the risk management processes employed by organizations. Companies that fully integrate and frequently assess climaterelated risks further into the future may be better equipped to handle longer-term uncertainties and liabilities. Response options Please complete the following table.

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Value chain stage

Coverage

Risk management process*

Frequency of monitoring*

How far into the future are risks considered?*

Comment (optional)

Direct operations

Select from:

Select from:

Select from:

Select from:

Text field

● Full ● Partial ● None

● Integrated into multi-disciplinary

● Six-monthly or more

● Short-term ● Medium-term ● Long-term ● Not defined

company-wide risk identification, assessment, and management processes

● A specific climate change risk identification, assessment, and

frequently

● Annually ● Every two years ● Not defined

management process

● There are no documented processes for identifying, assessing, and managing climate-related issues Upstream

Downstream

*This column only appears if “Full” or “Partial” is selected in column 2.

Explanation of terms Upstream value chain refers to activities, products and services that are inputs to the activities of your business, sourced from third parties. This may include the regulations and policies applied by governments; the products and services provided by your suppliers (i.e. the supply chain) Downstream value chain refers to the third parties benefiting from the outputs, products and services of your business activities. This may be your customers and clients, or the organizations and projects your business invests in. Coverage indicates if the stage of your value chain is partially or completely covered by your climate-related risk assessment.

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2019 question no.

2019 question text

Revisions from 2019

Rationale for revisions

C2.2b

Provide further details on your organization’s process(es) for identifying and assessing climate-related risks.

These two questions have been merged into a new question in 2020 - C2.2d.

To reduce the reporting effort associated with open-text process-related questions and to improve clarity of the requested information.

C2.2d

Describe your process(es) for managing climate-related risks and opportunities.

(C2.2d) Describe your process(es) for identifying, assessing and managing climate-related risks and opportunities. Question dependencies This question only appears if you select “Yes” in response to C2.1. Rationale By providing an explanation for the steps and procedures that make up your risk management process, including identification, assessment and risk response, investors and other data users will know whether your organization has a robust approach to risk management. Response options This is an open text question. Requested content Describe your process for identifying, assessing, and managing climate-related risks and opportunities. Include in your response: - A description of the process used to determine which risks and opportunities could have a substantive financial impact on the organization; - How your organization makes decisions to mitigate, transfer, accept or control the identified climate-related risks and to capitalize on opportunities.

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2019 question no. C2.2c

2019 question text

Revisions from 2019

Rationale for revisions

Which of the following risk types are considered in your organization's climaterelated risk assessments?

Modified question in 2020 – C2.2e: the risk type options have been updated to be fully aligned with TCFD. The request to report on relevance and inclusion of upstream and downstream risks has been removed.

To streamline terminology and reduce reporting effort. The request to report on risk processes upstream and downstream is now incorporated in 2020 C2.2c.

(C2.2e) Which risk types are considered in your organization's climate-related risk assessments? Question dependencies This question only appears if you select “Yes” in response to C2.1. Rationale Data users need to know which risk types are considered in climate-related risk assessments. Not all risk types are relevant to each organization. The aim of this question is to ascertain how thoroughly companies examine multiple risk types as an indication of the comprehensiveness of the risk assessment. Response options Please complete the following table. Risk type

Relevance & inclusion

Please explain

Policy

Select from:

Text field

● Relevant, always included ● Relevant, sometimes included ● Relevant, not included ● Not relevant, included ● Not relevant, explanation provided ● Not evaluated

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Legal

Technology

Market

Reputation

Acute physical

Chronic physical

Explanation of terms Policy – policy developments that attempt to constrain actions that contribute to the adverse effects of climate change or policy developments that seek to promote adaptation to climate change.

2019 question no.

2019 question text

Revisions from 2019

Rationale for revisions

C2.5

Describe where and how the identified risks and opportunities have impacted your business.

Questions removed from module C2 – Risks and opportunities and data points incorporated into revised 2020 Module C3 – Business strategy.

To remove repeating data requests and improve the question flow - these data points are more strategy focused and therefore are better placed in Module C3.

C2.6

Describe where and how the identified risks and opportunities have been factored into your financial planning process.

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(C2.5) Describe where and how the identified risks and opportunities have impacted your business. Response options Please complete the following table. Area

Impact

Description

(C2.6) Describe where and how the identified risks and opportunities have been factored into your financial planning process. Response options Please complete the following table. Area

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Relevance

Description

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Module C3 – Business strategy The diagram below shows the revised question pathway for Module C3 – the new or revised questions are depicted with a red border.

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2019 question no.

2019 question text

Revisions from 2019

Rationale for revisions

C3.1c

Explain how climate-related issues are integrated into your business objectives and strategy.

2019 C3.1c modified from open text to a table in 2020 C3.1d, which now incorporates elements of 2019 question C2.5.

To improve the clarity of the requested information, reduce repetitions and improve the data structure.

C2.5

Describe where and how the identified risks and opportunities have impacted your business.

(C3.1d) Describe where and how climate-related issues have influenced your strategy. Question dependencies This question only appears if you select “Yes” in response to C3.1. Rationale Investors and data users are interested to know how companies are approaching climate change from a strategic perspective. Companies following best practice guidelines will have fully and thoroughly integrated climate-related issues into their overall business strategies. Answers to this question provide transparency into companies’ strategy development processes and shed light on the comprehensiveness of companies’ approach to climate-related issues. Response options Please complete the following table. Business area

Have climate-related issues influenced your strategy?

Description

Is this linked to a specific target?*

Products and services

Select from:

Text field

Select from:

● Yes ● Yes, for some suppliers, facilities, or product lines ● Evaluation in progress ● No ● Not evaluated

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● Yes ● No

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Supply chain and/or value chain

Investment in R&D

Operations

Other, please specify

*This column only appears if “Yes” or “Yes, for some suppliers, facilities or product lines” is selected in column 2.

2019 question no. C2.6

2019 question text

Revisions from 2019

Rationale for revisions

Describe where and how the identified risks and opportunities have been factored into your financial planning process.

Moved to Module C3 – Business strategy and split into two questions for 2020 – C3.1e and C3.1f

To improve clarity of the requested information and reduce reporting effort by having a single open-text request to provide description

(C3.1e) Identify where climate-related issues have influenced your financial planning. Question dependencies This question only appears if you select “Yes” in response to C3.1. Rationale Climate-related issues can affect several important aspects of an organization’s financial position, both now and in the future. This question seeks to establish whether climate-related issues have already had implications on your financial planning. Response options Please complete the following table.

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Financial planning element

Have climate-related issues influenced your financial planning?

Comment (optional)

Revenues

Select from:

Text field

● ● ● ● ●

Yes Yes, for some suppliers, facilities, or product lines Evaluation in progress No Not evaluated

Direct costs

Indirect costs

Capital expenditures

Capital allocation

Acquisitions and divestments

Access to capital

Assets

Liabilities

Other, please specify

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Explanation of terms Financial planning - in line with TCFD recommendations, financial planning refers to an organization’s consideration of how it will achieve and fund its objectives and strategic goals. Financial planning allows organizations to assess future financial positions and determine how resources can be utilized in pursuit of short- and long-term objectives. As part of financial planning, organizations often create “financial plans” that outline the specific actions, assets, and resources (including capital) necessary to achieve these objectives over a 1- 5 year period. However, financial planning is broader than the development of a financial plan as it includes long-term capital allocation and other considerations that may extend beyond the typical 3-5 year financial plan (e.g., investment, research and development, manufacturing, and markets).

(C3.1f) Describe how climate-related issues have influenced your financial planning. Question dependencies This question only appears if you select “Yes” in response to C3.1. Rationale This question is seeking to understand how the identified risks and opportunities have impacted your financial planning. Response options This is an open text question. Requested content Provide details on how climate-related issues have influenced your financial planning. If climate-related issues have not yet influenced your financial planning, please explain why not.

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Module C4 – Targets and performance The diagram below shows the revised question pathway for Module C3 – the new or revised questions are depicted with a red border.

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Other climate-related targets 2019 question no.

2019 question text

Revisions from 2019

Rationale for revisions

N/A

N/A

New leading question for section “Other climate-related targets”.

To separate questions on renewable energy targets vs. other targets

(C4.2) Do you have other climate-related targets not already reported in question C4.1/a/b? Rationale Emissions reduction targets are not the only type of relevant targets that organizations use to drive change. CDP asks this question to allow companies to report other climate-related targets. Response options Select all that apply from the following options: • We have other targets related to renewable energy consumption or production • We have other targets not related to renewable energy consumption or production • We do not have any other climate-related targets

2019 question no. C4.2

2019 question text

Revisions from 2019

Rationale for revisions

Provide details of other key climate-related targets not already reported in question C4.1/a/b.

This question has been split into two for 2020 C4.2a asks for other climate-related targets related to renewable energy consumption or production, and C4.2b asks for any other climate-related targets.

To improve the quality of data on renewable energy targets and improve clarity for disclosers.

(C4.2a) Provide details of other climate-related targets related to renewable energy consumption or production. Question dependencies This question only appears if you select “We have other targets related to renewable energy consumption or production” in response to C4.2. Page 49 of 53

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Rationale Targets related to renewable energy consumption or production can be an important element of organizations’ strategy to reduce their emissions. Response options Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table. Target reference number

Target type

Target coverage

Base year

Start year

Total energy in the base year (MWh)

Renewable energy in the base year (MWh)

Renewable energy in the base year (%)

Select from:

Select from:

Select from:

Numerical field

● Renewable electricity



Numerical field [enter a number between 1900- 2020]

Numerical field

[Target reference number dropdown]

Numerical field [enter a number between 1900- 2020]

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

consumption

● Renewable electricity

wide



production

● Renewable energy

heat, steam and cooling

● Renewable energy production target including electricity,

Business division



consumption target including electricity,

Company-

Business activity

● ●

Site/facility Country level



heat, steam and cooling

Other, please specify

Target year

Renewable energy in the target year (%) (level of ambition)

Total energy in the reporting year (MWh)

Renewable energy in the reporting year (MWh)

Renewable energy in the reporting year (%)

Target status

Please explain

Numerical field [enter a number between 19002020]

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

Numerical field

Numerical field

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

Select from:

Text field

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● New ● Underway ● Achieved ● Expired

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● Revised ● Replaced ● Retired ● Exceeded

(C4.2b) Provide details of other climate-related targets not related to renewable energy consumption or production. Question dependencies This question only appears if you select “We have other targets not related to renewable energy consumption or production” in response to C4.2. Rationale Other climate-related targets can be an important element of organizations’ strategy to reduce their emissions Response options Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table. Target reference number

Target type

Target coverage

KPI – Metric numerator

KPI – Metric denominator (intensity targets only)

Base year

Start year

Target year

Select from:

Select from:

Select from:

Select from:

Select from:

[Target reference number drop-down]

● Energy productivity ● Renewable fuel ● Waste ● Zero/low-carbon

● ● ● ● ● ● ●

[Drop-downs under development]

[Drop-downs under development]

Numerical field [enter a number between 19002020]

Numerical field [enter a number between 19002020]

Numerical field [enter a number between 19002020]

vehicle

● Energy usage ● Land use ● Methane reduction

Company-wide Business division Business activity Brand/product Site/facility Country level Other, please specify

target

● Engagement with suppliers

● R&D investments Page 51 of 53

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● Other, please specify

KPI in baseline year

KPI in target year

% achieved in reporting year

Target status

Please explain

Is this part of an emissions target?

Is this target part of an overarching initiative?

Numerical field

Numerical field

Percentage field [enter a percentage from 0-100 using a maximum of 2 decimal places]

Select from:

Text field

Text field [maximum 2,400 characters]

Select from:

● New ● Underway ● Achieved ● Expired ● Revised ● Replaced ● Retired ● Exceeded

[Emissions reduction target ID]

● ● ● ● ● ● ● ●

RE100 EP100 EV100 Below50 – sustainable fuels Science-based targets initiative Reduce short-lived climate pollutants Remove deforestation Low-Carbon Technology Partnerships initiative

● ●

No, it's not part of an overarching initiative Other, please specify

[Add row]

Emissions reduction initiatives 2019 question no. C4.3b

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2019 question text

Revisions from 2019

Rationale for revisions

Provide details on the initiatives implemented in the reporting year in the table below.

“Scope” column removed and “Estimated annual CO2e savings” now split into three columns, one for each Scope.

To improve the granularity of data

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(C4.3b) Provide details on the initiatives implemented in the reporting year in the table below. Question dependencies This question only appears if you select “Yes” in response to C4.3. Response options Please complete the following table. The table is displayed over several rows for readability. You are able to add rows by using the “Add Row” button at the bottom of the table. Initiative type

Description of initiative

Estimated annual CO2e savings in Scope 1 (metric tons CO2e)

Estimated annual CO2e savings in Scope 2 (metric tons CO2e)

Estimated annual CO2e savings in Scope 3 (metric tons CO2e)

Select from:

Select from:

Numerical field

Numerical field

Numerical field

[Drop-downs being revised for 2020]

[Drop-downs being revised for 2020]

Voluntary/ Mandatory

Select from:

● Voluntary ● Mandatory

Annual monetary savings (unit currency, as specified in C0.4)

Investment required (unit currency, as specified in C0.4)

Payback period

Estimated lifetime of the initiative

Comment

Numerical field

Numerical field

Select from:

Select from:

Text field

● 30 years ● Ongoing

[Add Row]

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