CDP 2009: Global Oil & Gas report published

Published|03.11.09

Acclimatise has just published the Global Oil & Gas Carbon Disclosure Project Report. The report was sponsored by IBM and is available for download from our reports section.

The full press release accompanying the report launch can be downloaded from our articles section.

Produced by Acclimatise and sponsored by IBM, the report explores the business implications of inevitable climate change supported by evidence-based analysis using the Acclimatisation Index^TM. The report analyses the current challenges, specific drivers for adaptation and provides senior executive level guidance on the actions needed to adapt and build resilience to climate change impacts. The report also recognises that adaptation is an increasingly critical issue for governments, regulators, investors and the financial markets.

“It is difficult to justify the position taken by any company that fails to assess the vulnerability of existing and future assets to acute and chronic changing climatic risks, given the information we now have. Those companies that develop an integrated approach, recognising that we no longer have a stable climate, will be the winners. This is not merely an environmental issue; it is about bottom line consequences and the future viability of oil and gas companies.” John Firth, Chief Executive Officer and Co-Founder, Acclimatise

“The Oil and Gas industry is an important contributor to society and the global economy as it enables people to generate heat and light their homes and travel by air, sea and land. Our environment is changing and any impacts will be felt across the world putting consumers at risk of a reduced power supply and an increase in prices. Smart business leaders of the future need to ensure environmental plans are integrated throughout their business models to build truly resilient companies.” Allan Roberts, Industrial Strategy and Change Leader, IBM UKI Global Business Services

“This report shows how important it is for the oil and gas sector to plan for a changing climate. Issues such as water shortages and changing weather patterns and temperatures will impact infrastructure, operations, revenues and costs. As a result, investors want to know how oil and gas companies are dealing with these risks and planning for them in the future. This report helps answer those questions.” Paul Dickinson, CEO, The Carbon Disclosure Project

For further insights into the results, please register and view the report launch webinar:

Register today to view a recording of the webinar that accompanied the release of the CDP: Global Oil & Gas Adaptation report (recorded on 3rd November 2009, 15:00 to 16:00 UK Time).

Register with 2degrees to continue the online forum & access groundbreaking webinars in the Sustainable Investment Management network.

Learn more about IBM and the Carbon Disclosure Project here.