For EMC the process of climate change reporting through CDP has helped to create a baseline which is vital for planning for the future. As Kathrin Winkler, Senior Director, Corporate Sustainability at EMC comments: “You can’t figure out where you’re going if you don’t know where you are.”
Over time the reporting process has enabled EMC to track strategy development through responses year on year and allows trend analysis which can drive further efficiencies and reductions. The data collected and the narrative written for CDP also feeds into a whole range of other outputs including 10k filings, RFPs (Request for Proposals) for clients, and sustainability reports.
The process is also valuable in identifying opportunities for improvement within the business and enables EMC executives to use the data for scenario planning, in order to decide where best to invest resources and funding. It gives a real focus and has led to initiatives focusing, for example, on driving energy efficiencies in remote offices as well as the major campuses, and energy use evaluations distinguishing between the energy intensities of office space vs. labs, data centers and manufacturing spaces etc.
Furthermore, by reporting through CDP, EMC explored more deeply the integral link between climate change and its disaster recovery and business continuity products and services – the growing importance of disaster recovery will be driven by increases in extreme weather events, and the process of responding to the CDP revealed the importance of these climate change-related business risks and opportunities.
As regulatory systems increase, EMC recognizes how valuable the reporting experience has been in preparing for new regulation. As Kathrin Winkler said: “It's a learning process, and you won't get it right the first time. Better to get started when not under the gun.”