Tag: CDP

EFRAG and CDP announce cooperation to drive market uptake of European Sustainability Reporting Standards

Stuart Mitchell

EFRAG and CDP have recently announced a collaboration to accelerate the market uptake of the European Sustainability Reporting Standards (ESRS), adopted by the European Commission on 31 July 2023. Under the agreement, CDP will explore and implement alignment of its disclosure system with the ESRS as EFRAG provides technical expertise, access and guidance. This collaboration will support the market readiness for quality environmental reporting by accelerating the implementation of the European sustainability reporting standards. CDP, supported by EFRAG, will begin to offer webinars and detailed technical guidance materials to support…

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New data reveals US$2.3 trillion investment opportunity from valuing water

Stuart Mitchell

CDP, the global non-profit, recently released new data which reveals the huge risks and opportunities from tackling the water crisis. US$2.3 trillion in commercial opportunities could be unlocked if the private sector acts on water security. The data combines the self-reported financial value from a select group of 591 companies which have regularly reported to CDP between 2018 and 2022. The companies reporting commercial benefits include global brands such as Hewlett Packard, Mars, L’Oréal, and Nissan. Water efficiency was the most commonly reported opportunity cropping up in almost every industry…

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Berry Global Recognized by CDP as Leader on Climate Change and Supplier Engagement

Stuart Mitchell

Berry Global Group, Inc., has earned prestigious Climate Change and Supplier Engagement Ratings of A- from global sustainability disclosure non-profit, CDP. This ranks Berry in the top third of global companies who disclosed to the full climate questionnaire in 2022. Calculated based on environmental disclosures and performance, CDP ratings underscore Berry’s commitment to combatting climate change and effectively engaging its suppliers on the issue. “We are committed to creating positive, long-lasting change throughout our company, across our value chain, and in the communities in which we operate,” said Tarun Manroa,…

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New CDP data shows companies are recognizing the need for climate transition plans but are not moving fast enough amidst incoming mandatory disclosure.

Stuart Mitchell

The CDP, the world’s environmental disclosure platform, launched a report analyzing disclosure from 18,600+ companies across 13 industries in 135 countries. The report assesses climate transition plan disclosure against 21 key indicators within CDP’s climate change questionnaire and found that only 81 companies (0.4%) disclosed to all relevant [SEE NOTES TO EDS]1. In the 2021 assessment 135 companies disclosed against all relevant indicators. The reduction seen this year is based on CDP raising the bar, in accordence with latest science, on what constitutes a credible climate transition plan. CDP’s report…

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CDP data shows European businesses are already implementing key elements of the Corporate Sustainability Due Diligence Directive

Stuart Mitchell

In February 2022, the European Commission published its proposal for a Directive on Corporate Sustainability Due Diligence (CSDDD). This critical piece of legislation aims to provide a regulatory framework on corporate sustainability governance. Among key provisions of the CSDDD, Article 15 requires EU companies with 500+ employees and EUR 150 million+ in net worldwide turnover to have transition plans aligning their strategy and business models with a global warming limit of 1.5°C. It also obliges Member States to monitor companies’ operations and emission reduction plans and how the variable remuneration…

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