www.carbon-clear.com CASE STUDY VIRGIN ATLANTIC CDP REPORTING Virgin Atlantic Airways Ltd is a British airline company, operating globally. They provide a range of long haul flights, many of which are trans-Atlantic. In 2015 Virgin Atlantic flew 5.9 million passengers and employed over 8000 people. Business Need Virgin Atlantic approached Carbon Clear in 2013 to review the scope of their CDP reporting program and to seek support in improving their CDP scores. At the time, Virgin Atlantic only reported to the Supply Chain Questionnaire and wished to review the materiality of the Forests and Water programmes, in order to determine their future reporting strategy. Today Virgin Atlantic report to both the CDP Supply Chain Questionnaire and the CDP Forests Questionnaire. Their key business drivers for responding to both questionnaires include improving the communication of their sustainability initiatives to customers and shareholders, as well as positioning themselves as an industry leader on climate change adaptation and mitigation. The Solution Carbon Clear conducted a full reporting gap analysis across the climate change, water and forests workstreams to assess the materiality of each area to Virgin Atlantic, and devise a reporting strategy going forward. Following the review, Virgin Atlantic opted to report to the Supply Chain and Forests questionnaires. Each year we continue to work closely alongside Virgin Atlantic to collect all the relevant data for the CDP questionnaires and provide concise analysis on key areas for improvement and development. By gaining an in-depth understanding of the organisational structure, performing a competitor analysis and becoming familiar with Virgin Atlantic’s existing sustainability initiatives, Carbon Clear are able to advise on a range of sustainability areas. In 2016 this includes; supporting in the calculation and provision of a robust carbon footprint, the full modelling of Scope 3 emissions, and working with Virgin Atlantic to drive further performance improvements in the Supply Chain and Forestry questionnaires. A key part of this is the ongoing improvement in the articulation of risks and opportunities associated with climate change. www.carbon-clear.com | 020 3589 9444 | © Carbon Clear www.carbon-clear.com CASE STUDY VIRGIN ATLANTIC CDP REPORTING VALUE ADDED As well as helping to deliver high quality CDP submissions and improve year on year scores, Carbon Clear continue to work in partnership with Virgin Atlantic to identify areas for improvement across their carbon management and environmental reporting workstreams. For the Forests Questionnaire, Carbon Clear’s approach and engagement with the relevant teams enabled Virgin Atlantic to obtain a ‘Leadership’ rating for Timber. The CDP process has also initiated discussions about how Virgin Atlantic can best mitigate the risks and capitalise on the opportunities climate change poses to the business. “Carbon Clear provided an excellent and complete CDP service, working with us to continuously improve our underlying data. They also helped shape our response so that it accurately reflects our approach to climate change as well as meeting the requirements of CDP. We’ve worked with them for a number of years and have enjoyed year on year improvements for all of our disclosures.” How Carbon Clear Can Help You In order to disclose to CDP, companies need to be measuring and recording their carbon emissions data. Depending on the level of maturity of your company’s environmental reporting, Carbon Clear can add value in a number of ways. We can help to identify and prioritise the steps required to improve your sustainability program, and enhance your CDP score. This may include ensuring that your carbon footprint calculations are of sufficient scope and quality, advising on the areas for improvement in your previous CDP responses, or developing a carbon management plan from scratch. Our experts will then help to compile and report your Scope 1, 2 and 3 emissions data, calculate reductions and develop qualitative and risk assessment reporting for CDP. This can be done for the Investor, Forests, Water and Supply Chain questionnaires. Jessica Cross-Brown, Virgin Atlantic www.carbon-clear.com | 020 3589 9444 | © Carbon Clear