What is this disclosure framework about?
The CDP is a voluntary disclosure framework that businesses can use to disclose their carbon emissions and climate-related data to investors and stakeholders. CDP reporting promotes transparency and accountability, helping businesses assess and manage their environmental impact.
How does this impact my business?
CDP requests environmental data from thousands of companies worldwide to assess and score based on their environmental transparency and performance. Reporting to the CDP can improve your organization’s sustainability efforts but may require time and resources to disclose and report on improvements year over year. If an organization chooses not to report, CDP may assign an “F” score which does publicly signal a failure to disclose which could lead investors, customers and the public to make incorrect assumptions.
What can I do to get started?
Once you have determined you would like to report, assess your data to create a process and develop strategies to reduce your environmental impact. Sphera offers CDP reporting support to help you improve GHG inventory management, leverage climate data to assess risk, and navigate evolving reporting criteria, as well as expert guidance and software for collecting, managing, and tracking the performance of supplier data. Get started by talking with a sustainability expert to conduct a CDP readiness evaluation.
