ET Carbon Dataset

ET Carbon Dataset

The ET Carbon Dataset provides a comprehensive time series of the Scope 1, 2 and 3 greenhouse gas emissions of the largest 3,000+ global companies.

Overview

The ET Carbon Dataset is used by investors to perform in-house carbon footprint analysis, as an input into risk models and investment decision-making processes, and as a benchmark against other carbon datasets.

The ET Carbon Dataset allows for an evaluation of the absolute and relative greenhouse gas emissions of each company and their trajectory over time, as well as an assessment of the amount of renewable energy purchased by each company and the trend overtime.

The ET Carbon Dataset includes information on the completeness of the data publicly reported by companies, whether it has been third-party assured, as well as statistical analysis and estimation models for non-disclosing companies.

Key data points
  • ● Absolute and intensity values: tCO2e and tCO2e/$m revenue.
  • ● Relative ET Carbon Rank of each company within the dataset.
  • ● Scope 1 gross (direct) emissions.
  • ● Scope 2 emissions (indirect electricity) location-based.
  • ● Scope 2 emissions (indirect electricity) market-based - showing how much renewable energy the company purchases.
  • ● Scope 3 (indirect upstream and downstream value chain) emissions, broken down by the individual 15 Scope 3 disclosure categories.
  • ● Regional, country, business division and facility-level breakdown of emissions, where available.
  • ● Classification of each company into four ET Disclosure Categories: public, complete, third party-assured; public, complete; incomplete; or no public data. Complete data is defined as covering 95% or more of a company’s worldwide emissions.
  • ● Outlier assessment of reported emissions data.
  • ● Modelled data available where reported data is deemed to be incomplete, including average and maximum values of industry peers.
  • ● Information concerning third-party assurance of emissions data, including assurance standard used.
  • ● Information on carbon credit purchases by the company, including whether third-party assurance or certification of the purchase of carbon credits is available.
Universe coverage
  • ● The ET Carbon Dataset includes 3,000+ global companies (and modelled data on over 30,000 companies) with annual coverage spanning from 2009 - 2016 (the latest company reported emissions data available is from financial year 2016).
  • ● Major world benchmarks such as FTSE100, S&P500 and MSCI World covered.
  • ● For companies not currently analysed, please refer to our Bespoke Data Collection service.
Use cases
  • ● Identify carbon risk exposure and inform asset allocation decisions.
  • ● Use as a data input and/or methodological framework for the construction of low carbon investment strategies.
  • ● Respond to mandatory and voluntary reporting requirements, e.g. TCFD, French Law, Asset Owners Disclosure Project etc.
  • ● Perform in-house carbon footprinting.
  • ● Use as an input into scenario analysis.
  • ● Inform investment and academic research into low carbon investing.
  • ● An engagement tool that can be used with investee companies.
  • ● Supplement and sense check other carbon datasets you may use.

“Why Prudent Investors Should Include Carbon Data In Their Investment Processes”

Our guide, coming soon...

ET Disclosure Categories & data definitions

The ET Carbon Dataset provides investors with insights into the emissions profile and public disclosure of each company analysed, with companies categorised into one of four disclosure categories:

● Public, complete Scope 1 and 2 data, third-party assurance

● Public, complete Scope 1 and 2 data, no third-party assurance

● Incomplete Scope 1 and 2 data, no third-party assurance

● No public data

Complete data

Complete Scope 1 and 2 emissions data is defined as data covering at least 95% of a company’s worldwide emissions within an appropriately chosen reporting boundary in accordance with the Greenhouse Gas Protocol (GHG) Corporate Standard. Where there is only partial data available, the ET Carbon Ranking Series methodology accepts a company reporting extrapolated data to achieve 100% coverage for their operations, as this is permissible under the GHG Protocol Corporate Standard, providing the end result is a faithful reflection of a company’s emissions.

Incomplete data

Incomplete Scope 1 and 2 emissions data is defined as data which represents less than 95% of a company’s worldwide emissions. In addition, data reported as an intensity metric, e.g. CO2 emitted per product produced, rather than as an absolute figure of tCO2e is considered incomplete since this is not permitted under the GHG Protocol Corporate Standard.

Third-Party assurance

The ET Carbon Ranking Series methodology considers a company to have third party assurance provided a bona fide assurance statement is available from an independent third-party that validates the reported data. The assurance must cover at least 95% of a company’s worldwide Scope 1 and 2 emissions. The accepted assurance standards are aligned with those accepted by CDP and can be viewed here.

Public data

Public data is defined as freely available information reported in a company’s sustainability report, annual report, or sustainability-related section of its website (or any other relevant section of the company’s website).

As of 2017, data reported by companies directly to CDP (and allowed to be made public) is accepted as public data for the purposes of the ET Carbon Ranking Series.

Data provided by a company directly to Engaged Tracking but that is not available, and therefore not independently verifiable by the general public, is not accepted as ‘public data’.

ET Carbon Dataset FAQS

How do you define company carbon/greenhouse gas emissions?

Definitions are based on the Greenhouse Gas Protocol, the most widely used international accounting tool for greenhouse gas (GHG) emissions.

What are Scope 1, 2 and 3 emissions?

The GHG Protocol classifies GHG emissions according to Scope 1 (direct), Scope 2 (indirect electricity) and Scope 3 (value chain) emissions.

Do you include the other greenhouse gases such as methane?

We use ‘carbon’ and ‘greenhouse gas’ emissions interchangeably as shorthand for Scope 1, 2 and 3 emissions as defined by the GHG Protocol. Emissions are always expressed as tonnes of carbon dioxide equivalent (tCO2e) and include the 7 greenhouse gases included in the GHG Protocol. The 7 gases are: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulphur-hexafluoride (SF6), and nitrogen trifluoride (NF3).

How is the ET Carbon Dataset different from CDP data?

Each year CDP asks companies to fill out their questionnaire on climate change. From 2017, Engaged Tracking integrated this data into the ET Carbon Rankings as if it was public. Approximately 1950 companies reported to CDP in 2017. Engaged Tracking goes beyond this number of companies in terms of analysis of their emissions performance.

Download sample ET Carbon Dataset.