winner of the 2012 zayed future energy prize
DESCRIPTION
Winner of the 2012 Zayed Future Energy Prize. Agenda. Introduction Requirements Challenges ahead. Thank you. BRAG. Carbon What?. Introduction – CDP. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/1.jpg)
BRAG
Climate Discloser Standards BoardThe views expressed in this presentation are those of the presenter
Climate Change Reporting Taxonomy
XBRL Europe12/13 December 2012
Frankfurt, Germany
Winner of the 2012 Zayed Future Energy Prize
![Page 2: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/2.jpg)
BRAG 2
1. Introduction2. Requirements3. Challenges ahead
Agenda
![Page 3: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/3.jpg)
BRAG 3
Thank you
BRAG
![Page 4: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/4.jpg)
BRAG 4
Carbon What?
![Page 5: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/5.jpg)
BRAG
Introduction – CDP
Accelerate solutions to climate change and water management by putting
relevant information at the heart of business, policy and
investment decisions.
5
Investors Signatories to the Carbon Disclosure Project
2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
100
200
300
400
500
600
700
3595
155
225
315
385
475534 551
655
4.5 10 21 31 41 57 55 64 71 78
Signatory Investors Assets ($ Trillion)
![Page 6: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/6.jpg)
BRAG
Introduction – CDP
6
“CDP is to the future of business what
the X-ray was to the then-future of
medicine — without it, we would never
have seen the insides of the patient's
health.”Christiana Figueres
Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC)
2003 2004 2005 2006 2007 2008 2009 2010 2011
235 295 355
922
1449
22042456
3050
3715
Number of companies disclosing to CDP (Investor + Supply Chain)
![Page 7: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/7.jpg)
BRAG
Created at WEF Davos (2007), Secretariat provided by CDP
Mission: promote and advance standardized disclosure of climate change-related information in mainstream reports (Integrated Reporting)
7
CDSB – Climate Disclosure Standards Board
![Page 8: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/8.jpg)
BRAG
Climate Change Disclosure
Assessment and transparency of risks across the board helps to prevent systemic risks to the global
financial (& economic) system
8
![Page 9: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/9.jpg)
BRAG 9
Compliant with:
– Latest XBRL specification– ITA and Global Manual Filling– CDP + CDSB+– minimize maintenance efforts– maximize easy of delivery for main use cases
Requirements
![Page 10: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/10.jpg)
BRAG 10
Input:– capture all climate related “high-
level” concepts–document all concepts –allow linking to other taxonomies
(namely financial)– be extensible
Requirements
![Page 11: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/11.jpg)
BRAG 11
Usability:–languages: English, Japanese,
Chinese, Spanish, Portuguese– allow for enumeration lists to be
extended (LOV&LOV+)– allow for “question pathways”
Requirements
![Page 12: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/12.jpg)
BRAG 12
Output:– validation rules– compatible with existent analytical
solutions– transformable to and from current CDP XML
format (transition period)
Currently documenting several use cases
Requirements
![Page 13: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/13.jpg)
BRAG 13
(1) CDP +CDSB compliance
– CDP: 12 years; web form based collection system ; structured data; detailed guidance; > 4000 instances submitted
– CCRF: 2 year; standard for integrating material climate change information into mainstream fillings; principles and criteria; no detailed data structure; limited adoption;
Requirements – implementation example
![Page 14: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/14.jpg)
BRAG 14
Some LOV have been transformed into dimensions
LOV
List
of V
alue
s Requirements – implementation example
![Page 15: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/15.jpg)
BRAG 15
CDP
CCRT
Requirements – implementation example
![Page 16: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/16.jpg)
BRAG 16
Other LOV are a reporting facts
Requirements – implementation example
![Page 17: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/17.jpg)
BRAG 17
For LOV that are reporting facts, we would like:
• Extensibility;• Ability to provide context;• Translation capability;
Requirements – implementation example
![Page 18: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/18.jpg)
BRAG 18
Proposed solution
• Extension of LOV done through relationships of element definitions, like dimensions
• Reporting concept must have a type Qname that have one of the concepts in the relationships
• Defining an entity of type “LOV” that links to other (abstract) elements, e.g.
<Magnitude of Impact>
<High><Medium-High><Medium><Medium-Low><Low><Unknown>
Requirements – implementation example
![Page 19: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/19.jpg)
BRAG 19
Challenges ahead
How to work without mandates?
![Page 20: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/20.jpg)
BRAG 20
Challenges ahead
Data entry
![Page 21: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/21.jpg)
BRAG 21
Challenges ahead
Taxonomy development:
• Water • Forests• Cities • Sector reporting• Integrated reporting
![Page 22: Winner of the 2012 Zayed Future Energy Prize](https://reader035.vdocuments.us/reader035/viewer/2022062811/56816005550346895dcf0734/html5/thumbnails/22.jpg)
BRAG 22
Challenges ahead
Supply chain
• Taxonomy(ies)• Security• Sharing data• (re) Calculations + traceability