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Respondent CDP 2008: Cairn Energy

General Information
<>It requirement CDP questionnaire introduction answer like text box attach document

 
<>Where available provide following identification numbers primary listings/ordinary shares information company Company Turnover (also known sales) millions US$

 
<>ISIN number

 
<>CUSIP number

 
<>SEDOL number

 
1 - Risks and Opportunities
Question 1(a)(i) Regulatory Risks
<>How company exposed regulatory risks related climate change
We consider our company to be exposed to regulatory risks because... 
Kyoto protocol international framework controlling GHG emissions Cairn operational assets Annex countries current reduction commitments protocol Post 2012 Cairn anticipates successor Kyoto protocol provide starting point international framework relating climate change Bangkok talks (April 2008) agreed series stepping stones path Copenhagen adaptation mitigation technology finance fall overall target introducing ‘ global climate agreement apply period 2012’ Cairn’ s domestic business comprises Head Office Edinburgh eventually affected UK Climate government push companies account greater responsibility emissions Cairn recognises updating expanding database accordingly better capture identify ways reducing environmental footprint Edinburgh

 
<>Would like provide additional information relating question provided
No 

 
Question 1(a)(ii) Physical Risks
<>How company exposed physical risks climate change
We consider our company to be exposed to physical risks because... 
IPCC projected different physical risks arising different regions world Cairn active production Bangladesh holding Cairn India biggest threats severe weather events Extreme weather events safety financial value affect safety staff economic costs associated insurance premiums plant operations example November 2007 Cyclone Sidr caused closure drilling rig offshore Bangladesh days cost £ 1million impacts significant Cairn indirectly affect operations Effects include flooding erosion salinification farmland coastal regions climate refugees displaced environmental impacts climate change likely increase illnesses disease numbers affected depend government community response provision aid development severity impacts

 
<>Would like provide additional information relating question provided
No 

 
Question 1(a)(iii) General Risks
<>How company exposed general risks result climate change
We consider our company to be exposed to general risks because... 
potential threat corporate reputation risk extended oil gas industry Cairn recognises updating policy management practices accordingly important recognise global demand fossil fuels predicted increase 50% 2025 Cairn does consider growth alternative energy significant risk oil gas exploration production business short term

 
<>Would like provide additional information relating question provided
No 

 
Question 1(a)(iv) Risk Management
<>Has company taken planned action manage general regulatory risks and/oradapt physical risks identified
We have taken or planned action. 
Cairn does operate countries emission reduction obligations future legislation likely include global contract specific sectors countries targeted (see question 1a(i)) Cairn currently formulating climate change strategy approval 2008 preparation Cairn conducted extensive business review climate change affects company’ s assets operations set number climate change KPIs include • direct indirect GHG emissions• direct indirect energy consumption

 
<>Would like provide additional information relating question provided
No 

 
Question 1(a)(v) Financial Business implications
<>How assess current and/or future financial effects therisks identified risks affect business
We assess current and/or future financial effects by... 
rising regulatory competitive public pressure reduce emissions demands associated financial risks lead changes oil gas industry Cairn meet changes formulating policies manage requests short term Cairn anticipates increased financial impacts • Higher Insurance premiums and/or policy exclusions• Possible increased costs associated emissions reductionsLonger term risks future regulatory frameworks include • Mandatory emission trading schemes• Emission reduction technologies e g CCS• Retrofitting existing equipment• Participation carbon markets purchasing carbon credits• Carbon taxes• Competitive disadvantage lack experience carbon trading/marketsThe treaty planned succeed Kyoto protocol 2013 signals intent UNFCCC regulate GHG emissions carbon intensity targets uncertainty measures means financial impact project facility designs accurately measured time

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(i) Regulatory Opportunities
<>How current anticipated regulatory requirements climate change offeropportunities company
We consider that current or anticipated regulatory requirements offer opportunities because... 
International regulation limited Kyoto protocol uses economic incentives reduce emissions ‘ flexible mechanisms’ reductions achieved location Cairn’ s assets relevant Clean Development Mechanism (CDM) potential CDM projects India Bangladesh Cairn India considering possibility CDM project Rajasthan developments small scale high efficiency operations Bangladesh make unfeasible economic viewpoint Discussions Copenhagen December 2009 decide successor Kyoto Protocol future carbon trading markets (e g EU ETS phase III) discussed question 1a(i) primary aim meeting provide international framework emission reduction likely bring opportunities risks Cairn

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(ii) Physical Opportunities
<>How current anticipated physical changes resulting climate change presentopportunities company
We do not consider that current or anticipated physical changes offer opportunities because... 
unlikely significant physical opportunities near future Cairn sees potential programmes aiding community adaptation social environmental impacts climate change grassroots level include reducing reliance traditional energy sources relieve pressure natural resources timber charcoal Cairn aims consider programmes future

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(iii) General Opportunities
<>How does climate change present general opportunities company
We do not consider that climate change offers opportunities because... 
opportunities addition discussed previous questions

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(iv) Maximizing Opportunities
<>Do invest plans invest products services designedto minimize adapt effects climate change
Climate change has led to investment or planned investment in order to maximise climate change opportunities. 
short term Cairn aims introduce energy saving devices head office investigating possibility offsetting employee flights electricity consumption longer term view supply renewable electricity important factor reducing domestic emissions international level Cairn anticipates participation global framework e successor Kyoto protocol effective means reduce GHG emissions

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(v) Financial Business Implications
<>How assess current and/or future financial effects theopportunities identified opportunities affect business
We do not assess current and/or future financial effects because... 
primary financial opportunities limited participation regulated carbon markets current opportunities lack suitable international regulation location Cairn’ s primary assets Future financial effects determined policies set international trading GHG emissions uncertainties surrounding make difficult determine exact financial consequences

 
<>Would like provide additional information relating question provided
No 

 
2 - Greenhouse Gas (GHG) Emissions Accounting
Question 2(a)(i) Reporting Boundary
Calculation tools assist companies calculating GHG emissions particular activities combustion fuels production processes http //www ghgprotocol org/calculation tools/all tools Companies new emissions reporting strongly recommended use tools assist calculations used calculation tool list question methodologies
<>Please indicate category best describes company entities groupfor response prepared
Companies over which financial control is exercised – per consolidated audited Financial Statements. 

 
<>Would like provide additional information relating question provided
Yes 
Cairn Energy plc arms 90% owned subsidiary Capricorn Energy Limited 65% holding Cairn India listed Bombay stock exchange (BSE) National Stock Exchange India (NSE)

 
Question 2(a)(ii) Reporting Year
<>Please explicitly state dates accounting year period GHG emissionsare reported
Start date 01 January 2007End date 31 December 2007Financial accounting year 01 January 2007

 
<>Would like provide additional information relating question provided
No 

 
Question 2(a)(iii) Methodology
<>Please specify methodology used company calculate GHG emissions select methodology used using radio buttons used GHG Protocol ISO 14064 1 references calculation tools used explanation calculation methods devised explain data sources Global Warming Potentials emission factors used calculations reference supplied calculation tool contact provider calculation tool information used methodology devised explain methodology including methods calculation data sources Global Warming Potentials emission factors
Other 
key greenhouse gases monitored Cairn CO2 CH4 Emissions gases quantified accordance ‘ Compendium Greenhouse Gas Emissions Estimation Methodologies Oil Gas Industry’ (API 2004) predecessor document ‘ Methods estimating atmospheric emissions E& P operations’ (OGP 1994)

 
<>Would like provide additional information relating question provided
No 

 
Question 2(b)(i) Scope 1 Scope 2 GHG Protocol
<>Are able provide breakdown direct indirect emissions Scopes 1 2 GHG Protocol analyse electricity consumption

 
<>Would like provide additional information relating question provided
No 

 
Question 2(b)(i)(y) Scope 1 Scope 2 GHG Protocol Year 1 answers
<>Please enter dates reporting period specified (answer question 2(a)(i)) answer questions period selecting “ Add Additional Year Figures” button end webpage repeat process previous reporting period reporting period possible data going reporting period ending 2004 enter historical data reported information response previous CDP questionnaires

 
<>Please enter accounting year used report GHG emissions details
Start date 01 January 2007End date 31 December 2007

 
<>Scope 1 Direct GHG Emissions provide Total global Scope 1 activity Metric Tonnes CO2 e emitted
<>207425 CO2e metric tonnes < text="">

 
<>b Total Scope 1 activity Metric Tonnes CO2 e emitted Annex Bcountries
<>207425 CO2e metric tonnes < text="">

 
<>By country Scope 1 activity metric tonnes CO2 e individual country Using methodology state emissions country NB practical list emissions country country basis list countries significant emissions context business combine remainder “ rest world” information format (e g Excel) attach
Country Scope 1 Emissions
(metric tonnes CO2-e)
Bangladesh 68080
India 139345

 
<>Scope 2 Indirect GHG emissions provide c Total global Scope 2 activity metric tonnes CO2 e emitted
<>561 CO2e metric tonnes < text="">

 
<>d Total Scope 2 activity metric tonnes CO2 e emitted Annex Bcountries
<>324 CO2e metric tonnes < text="">

 
<>By country Scope 2 activity metric tonnes CO2 e individual country
Country Scope 2 Emissions
(metric tonnes CO2-e)
United Kingdom 247
Bangladesh 324

 
<>Electricity consumptione Total global MWh purchased electricity
1000 MWh

 
<>f Total MWh purchased electricity Annex B countries
547 MWh

 
<>By country – MWh purchased electricity individual country
Country
United Kingdom 453
Bangladesh 547

 
<>g Total global MWh purchased electricity renewable sources
0 MWh

 
<>h Total MWh purchased electricity renewable sources Annex Bcountries
0 MWh

 
<>By country – MWh purchased electricity renewable sources individual country
Country
United Kingdom 0
Bangladesh 0

 
<>Would like provide additional information relating question provided
Yes 
Scope 2 emissions data covers Capricorn Energy Limited Data scope 2 emissions available time Cairn India

 
Question 2(b)(ii) Scopes 1 2 GHG Protocol
<>If unable Scope 1 Scope 2 GHG emissions and/or electricity consumption report GHG emissions able identify description emissions answered 2(b)(i) question 2(c)(i)

 
<>Would like provide additional information relating question provided

 
Question 2(c)(i) Emissions – Scope 3 GHG Protocol
<>How identify and/or measure Scope 3 emissions
currently considering assessing significance potential Scope 3 sources

 
<>Please provide possible Details significant Scope 3 sources company
present collect data regard employee business travel

 
<>b Details metric tonnes CO2 e GHG emissions following categories Employee business travel
<>216 CO2e metric tonnes < text="">

 
<>ii External distribution/logistics

 
<>iii Use/disposal company’ s products services

 
<>iv Company supply chain

 
<>c Details methodology use quantify estimate Scope 3 emissions
caculated scope emissions business travel follows Using conversion factors figures Defra1Ave distance long haul flight = 6482kmMedium haul (this based ave flight time 5 hours) = 4630kmShort haul = 1108kmKgCO2/kmlong haul = 0 1056medium haul = 0 1304short haul = 0 1580

 
<>Would like provide additional information relating question provided
Yes 
Emissions business travel present represent partial data flights originating operations Bangladesh Data regions 2007 compiled

 
Question 2(d) External Verification
<>(i) information reported response Questions 2(b) (c) beenexternally verified audited plan information verified oraudited
Yes (Please go to 2(d)(ii)) 

 
<>(ii) answer question 2d(i) Yes provide attach copy audit verification statement state plans verification
Data energy consumption direct GHG emissions subject external assurance ERM assurance 2007 CRR Available 2007 CRR www cairn energy plc uk

 
<>(iii) specify standard protocol information hasbeen audited verified
Assurance given appropriate reporting (limited assurance) assurance statement CRR 2007 www cairn energy plc uk

 
<>Would like provide additional information relating question provided
No 

 
Question 2(e) Data Accuracy
<>Does company place assess accuracy GHG emissions inventory calculation methods data processes systems relating GHG measurement provide details explain data accuracy managed
Yes, we do have a system. 
utilise web based database reporting environmental performance indicators Data entered site country level Data reviewed approved levels check data accuracy merged main database Data entry review approval recorded database retrievable audit

 
<>Would like provide additional information relating question provided
No 

 
Question 2(f) Emissions History
<>Do emissions reported accounting year vary significantly compared previous years explain reasons variations
No, they do not vary significantly. 

 
<>Would like provide additional information relating question provided
Yes 
2006 reported 205 441 tonnes CO2 e emitted compared 207 425 tonnes CO2 e emitted 2007

 
Question 2(g) Emissions Trading
<>i) Does company facilities covered EU Emissions Trading Scheme
No, we do not. (Please go to question 2(g)(ii) below)  

 
<>If a) provide details annual allowances awarded company Phase years 1 January 2005 31 December 2007 details allowances allocated Phase II commencing 1 January 2008 cases enter numbers punctuation example enter 2000 instead 2 000 enter allowance Metric Tonnes CO2 1 January 2005 31 December 2005

 
<>1 January 2006 31 December 2006

 
<>1 January 2007 31 December 2007

 
<>b) provide details actual annual emissions facilities covered EU ETS effect 1 January 2005 enter emissions Metric Tonnes CO2 1 January 2005 31 December 2005

 
<>1 January 2006 31 December 2006

 
<>1 January 2007 31 December 2007

 
<>Phase II annual allowances1 January 2008 – 31 December 2008

 
<>1 January 2009 – 31 December 2009

 
<>1 January 2010 – 31 December 2010

 
<>1 January 2011 – 31 December 2011

 
<>1 January 2012 – 31 December 2012

 
<>c) impact company’ s profitability EU ETS

 
<>ii) company's strategy trading participating regional and/or international trading schemes (eg EU ETS RGGI CCX) Kyoto mechanisms CDM JI projects Explain involvement following EU ETS

 
<>CDM/JI
company reviewing position respect emissions trading schemes preparations future requirements entry schemes Joint Implementation projects applicable Cairn operations potential CDM projects considered Cairn India progressing feasibility studies emissions capture project Rajasthan development CDM

 
<>CCX

 
<>RGGI

 
<>Others

 
<>Would like provide additional information relating question provided
No 

 
Question 2(h) Energy Costs
<>i) identify total costs $ energy consumption fossil fuels electric power want enter number 1 ensure use decimal point (e g 0 3) comma (e g 0 3)

 
<>ii) percentage total operating costs does represent

 
<>iii) percentage energy costs incurred energy renewable sources

 
<>More details

 
<>Would like provide additional information relating question provided
Yes 
Data available energy costs group

 
3 - Performance
Question 3(a) Reduction Plans
<>i) Does company GHG emissions reduction plan place provide details information requested currently plan place explain
No, we do not currently have a plan in place for the following reason(s): 
Cairn set targets management GHG emissions years Performance quartile benchmarked International Association Oil Gas Producers (OGP) targets published annual CR reports Current targets shown 2007 CRR available www cairn energy plc uk

 
<>ii) baseline year emissions reduction plan

 
<>If want information rolling target

 
<>iii) emissions reduction targets period targets extend

 
<>iv) activities undertaking reduce emissions renewable energy energy efficiency process modifications offsets sequestration targets set timescales extend

 
<>v) investment required achieve targets time period

 
<>vi) emissions reductions associated costs savings achieved date result plan

 
<>Would like provide additional information relating question provided
Yes 
performance statistics attachment

Download attachment
 
Question 3(b) Emissions Intensity
<>i) appropriate measurement emissions intensity company
Other 
currently measure performance intensity measure reported OGP Tonnes CO2 e / thousand tonnes hydrocarbon production

 
<>Please company’ s emissions intensity figure measurement given want enter number 1 ensure use decimal point (e g 0 3) comma (e g 0 3)
48.93

 
<>ii) state GHG emissions intensity terms total tonnes CO2 e reported Scope 1 Scope 2 $m turnover EBITDA reporting year Scope 1/ US$millions turnover
721

 
<>Scope 2/ US$millions turnover
5.43

 
<>Scope 1/ EBITDA
1989

 
<>Scope 2/ EBITDA
14.96

 
<>iii) company developed emissions intensity targets
Yes, we have developed emission intensity targets. (Please answer questions (a) and (b) below.) 

 
<>a) answer (iii) yes state emissions intensity targets
Bangladesh set emissions target Sangu production plan 39 tonnes CO2 e thousand tonnes hydrocarbon production

 
<>b) answer (iii) yes state reductions emissions intensity achieved targets time period
Emissions intensity maintained 4 years 40 50 tonnes CO2 e thousand tonnes hydrocarbon production period actual hydrocarbon production levels fallen maintaining quartile performance benchmarked OGP

 
<>Would like provide additional information relating question provided
No 

 
Question 3(c) Planning
<>Do forecast company’ s future emissions and/or energy use
Yes, we do. (Please answer questions (i) to (iii) below.) 

 
<>i) provide details forecasts summarize methodology used assumptions able quantified forecasts Scope 1 Scope 2 emissions and/or electricity consumption enter numerical data page
Forecasts annual basis forward year Emissions estimated based historic data proposed work plan production forecast

 
<>ii) factor cost future emissions capital expenditure planning
currently considered

 
<>iii) considerations impact investment decisions

 
<>Would like provide additional information relating question provided
No 

 
Question 3(c) (i) Planning Forecasted emissions/electricity use Year 1 answers
page gives opportunity numerical forecasts emissions electricity use possible provide emissions forecasts reporting periods Use “ Add additional year figures” button end page enter emission forecasts successive reporting periods Note enter numbers punctuation example use 2000 instead 2 000
<>Please enter accounting period used report GHG emissions details
Dates selected

 
<>Forecasted Scope 1 Direct GHG Emissions provide Forecasted Total global Scope 1 emissions Metric Tonnes CO2 e

 
<>b Forecasted Total Scope 1 emissions Metric Tonnes CO2 e Annex B countries

 
<>By country Forecasted Scope 1 emissions Metric Tonnes CO2 e individual country Using methodology state emissions forecasts country NB practical list emissions country country basis list countries significant emissions context business combine remainder “ rest world” information format (e g Excel) attach
Country Scope 1 Emissions
(metric tonnes CO2-e)

 
<>Scope 2 Indirect GHG emissions provide c Forecasted total global Scope 2 emissions Metric Tonnes CO2 e

 
<>d Forecasted total Scope 2 emissions Metric Tonnes CO2 e Annex B countries

 
<>By country Forecasted Scope 2 emissions Metric Tonnes CO2 e individual country
Country Scope 2 Emissions
(metric tonnes CO2-e)

 
<>Forecasted electricity consumptione Forecasted total global MWh purchased electricity

 
<>f Forecasted total MWh purchased electricity Annex B countries

 
<>By country – Forecasted MWh purchased electricity individual country
Country

 
<>g Forecasted total global MWh purchased electricity renewable sources

 
<>h Forecasted total MWh purchased electricity renewable sources Annex B countries

 
<>By country – Forecasted MWh purchased electricity renewable sources individual country
Country

 
<>Would like provide additional information relating question provided

 
4 - Governance
Question 4(a) Responsibility
<>Does Board Committee executive body overall responsibility climate change state overall responsibility climate change managed answer parts (i) (ii)
Yes, an executive body does have overall responsibility for climate change. 

 
<>i) Board Committee executive body overall responsibility climate change
Exploration New Ventures Director – Mike Watts holds overall responsibility Climate Change issues Group CR Committee Executive Directors Group Functional Managers place 2003 meets regularly inform Board general management strategy CR policy Group

 
<>ii) mechanism Board executive body reviews company’ s progress status regarding climate change
CR performance including climate change KPIs reported board papers quarterly basis

 
<>Would like provide additional information relating question provided
No 

 
Question 4(b) Individual Performance
<>Do assess provide incentive mechanisms individual management climate change issues including attainment GHG targets provide details
No, we do not. 

 
<>Would like provide additional information relating question provided
Yes 
GHG targets form KPIs considered Company bonus scheme GHG targets included individual incentive mechanisms

 
Question 4(c) Communications
<>Please indicate publish information risks opportunities presented company climate change details GHG emissions plans reduce emissions following communications i) company’ s Annual Report statutory filings
Yes 
details GHG emissions given CRR2007 available www cairn energy plc uk

 
<>ii) formal communications shareholders external parties
Yes 
respond shareholder investor queries required public

 
<>iii) voluntary communications Corporate Social Responsibility reporting
Yes 
details GHG emissions available www cairn energy plc uk

 
<>Would like provide additional information relating question provided
No 

 
Question 4(d) Public Policy
<>Do engage policymakers possible responses climate change including taxation regulation carbon trading provide details
No 

 
<>Would like provide additional information relating question provided
Yes 
Cairn member OGP engage issues behalf members

 
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