Climate-Relevant Emissions

The company discloses the GHG emissions in accordance with the Greenhouse Gas (GHG) Protocol or standards based on it and states the goals it has set itself to reduce emissions.

13
Climate change is one of the greatest challenges our society currently faces. There are ambitious international and national goals for reducing greenhouse gas emissions. The target recommended by the Intergovernmental Panel on Climate Change (IPCC) of limiting global temperature rise to two degrees Celsius above pre-industrial levels was recently corrected to 1.5 degrees. Germany has set itself the goal of reducing greenhouse gas emissions by at least 40% by 2020 in comparison to 1990 and is setting its sights on achieving nearly full greenhouse gas neutrality by the middle of the century. These goals can only be achieved if companies assume responsibility for their emissions and drastically reduce them. The goals of limiting global warming and the associated emission reductions serve to protect us as the impact of climate change is resulting in greater risks in Germany too (e.g. periods of drought or flooding).

What needs to be borne in mind?
Greenhouse gas emissions (in particular, carbon dioxide) can be reduced by decreasing the amount of energy consumed. Emissions can also be reduced by making use of renewable energy sources (see criterion 12). Therefore, report on your company’s goals and results regarding both lowering its energy consumption and transitioning to renewable energy.
Please also bear in mind that “benchmark” is aimed at making your calculations comprehensible by means of comparison, i.e. the reference year, the scope of application (e.g. your company including any subsidiaries, or only specific sites), emission factors or the regime used (e.g. Carbon Disclosure Project, GHG Protocol, the VfU’s environmental performance indicators for financial institutions, etc.). 
 
Aspect 1:
Identify the key emission sources and outline the greatest challenges your company faces in relation to climate-relevant emissions.

Aspect 2:
Report on your climate-relevant emission goals and the planned goal achievement time frames and on your use of renewable energies.

Aspect 3:
Report on your strategies and concrete measures for reducing climate-relevant emissions and for using renewable energies.

Aspect 4:
State whether previous goals were achieved and, if so, to what extent, and disclose any goals which were not achieved and why.

Aspect 5:
State which benchmarks you use for your calculations, in particular the reference year in the case of reduction calculations, the parts of the company to which your calculations apply, emission factors and the regime used (e.g. Carbon Disclosure Project, GHG Protocol, the VfU’s environmental performance indicators for financial institutions, etc.).
The Greenhouse Gas Protocol was drafted by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) . Many companies already comply with it and almost all industry-specific standards are derived from it. The Greenhouse Gas Protocol calls for direct emissions to be disclosed, such as those caused by machinery in the production process or due to business trips (Scope 1), and ideally also the emissions caused as a consequence of using electricity or caused by suppliers (Scopes 2 and 3).
Reporting in line with the German CSR Directive Implementation Act   
(German legislation implementing the Directive 2014/95/EU)

If you also wish to use your Code declaration to comply with the reporting obligation in accordance with the CSR Directive Implementation Act (CSR-RUG), the checklist below will give you guidance regarding how the Code Office checks it for formal completeness. You can provide the relevant information concerning environmental matters under criteria 11 to 13. Questions set in italics are already covered in your responses to the corresponding Code aspects.

1. Report on the management policy pursued:
a.Goals and planned goal achievement time frames (criterion 12, aspect 1, and criterion 13, aspect 1).
b. How corporate governance is incorporated into the policy.
c. Strategies and concrete measures for achieving the goals (criterion 12, Aspect 2, and criterion 13, aspect 3).
d. Internal processes for monitoring implementation of the measures.

2. Report on the results of the policy:
a. Whether and to what extent previous goals were achieved (criterion 12, Aspect 2, and criterion 13, aspect 4).
b. Whether and how it is determined that the policy needs modifying and what conclusions are then drawn.

3. Report on the risks:
a. How the risks were identified and the material risks were filtered out (due diligence processes).
b. Material risks arising from your business activities that are highly likely to have a negative impact on resources and ecosystems (criterion 12, aspect 4).
c. Material risks arising from your business relations that are highly likely to have a negative impact on resources and ecosystems (criterion 12, aspect 4).
d. Material risks arising from your products and services that are highly likely to have a negative impact on resources and ecosystems (criterion 12, aspect 4).

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