Tag: CDP

CDP Sets Sights on Impact: Organizational Changes to Accelerate Decision-Useful Disclosure

Stuart Mitchell

CDP, the global non-profit that runs the world’s only independent environmental disclosure system, today announced a strategic organizational shift designed to accelerate its mission of delivering actionable environmental data to enable decisions that matter most for the planet.   The organizational restructure optimizes CDP’s global model and will strengthen key capabilities – particularly in new functions across Product, Growth, Operations and Customer Success – to better service customers and partners and accelerate the next phase of CDP’s strategy.  CDP will direct more of its resources toward innovation and impact, with reinvestment…

Read More

Nearly half of companies use no renewable electricity, reveals CDP

Stuart Mitchell

Major global companies are falling short in their use of renewables, with nearly half using no renewable electricity at all, according to a new report from non-profit CDP released recently at COP29’s ‘Energy Day’. The report also reveals that just 1 in 10 studied companies (936) have now committed to sourcing 100% renewable electricity, a key starting point for driving action. Companies with targets already claim to have a 53% share of renewables in their electricity mix. Last year’s COP28 set ambitious targets to triple renewable capacity and double the…

Read More

CDP and GRI deepen collaboration to streamline environmental disclosure and boost access to comparable data

Stuart Mitchell

Two leading organizations within the corporate sustainability ecosystem are deepening their collaboration to improve and streamline environmental reporting, following a Memorandum of Understanding that was signed between CDP and Global Reporting Initiative (GRI) during Novembers COP29 Climate Change Conference in Baku. GRI provides the global common language for organizations to report their environmental, social and economic impacts – the GRI Standards. CDP is the global independent disclosure system for companies to measure and manage their environmental impacts. Over 14,000 organizations use the GRI Standards while more than 24,800 companies representing…

Read More

CDP and EFRAG Announce Extensive Interoperability Between CDP Questionnaire and EU Sustainability Reporting Standards

Stuart Mitchell

At COP29, EFRAG and CDP, the global independent disclosure system for companies to measure and manage their environmental impacts, announced today extensive commonality and interoperability between CDP and the European Sustainability Reporting Standards (ESRS). This marks a significant step towards both organizations’ shared goals of creating efficiency in the environmental data ecosystem. The announcement comes as a result of ongoing collaboration between CDP and EFRAG. Joint mapping efforts have revealed a substantial commonality between CDP’s questionnaire and the ESRS climate standard (ESRS E1), with provisional mapping by the organizations revealing…

Read More

Corporates’ supply chain scope 3 emissions are 26 times higher than their operational emissions

Stuart Mitchell

In 2023, corporates reported that their Scope 3 supply chain emissions were, on average, 26 times greater than their emissions from direct operations (Scopes 1 and 2)[2]. According to the new ‘Scope 3 Upstream: Big Challenges, Simple Remedies’ report – published recently by Boston Consulting Group (BCG) and CDP – upstream emissions from the manufacturing, retail and materials sectors had a footprint 1.4 times the total CO2 emitted in the EU in 2022. However, supply chain emissions continue to be overlooked, with corporates twice as likely to measure operational emissions[3]…

Read More