CDP

📣 This year, 276 financial institutions (FIs) joined our non-disclosure campaign (NDC) and are calling on almost 2,000 high-impact companies globally to disclose through CDP.   Disclosing actionable data is essential for increasing access to capital, value chain competitiveness, business efficiency, and complying with market and regulatory asks. With impacts from climate change and nature loss already here, every organization must be guided by data to understand the risks they face – and act if they are to thrive.   Direct engagement from FIs is a key tool to reinforce the importance of corporate environmental disclosure and what it means to invested stakeholders.   Learn more about the role of FIs’ in driving environmental disclosure: https://lnkd.in/dKD2Akh   #CDPNonDisclosure

Last week, Nicolette Bartlett, CDP's Chief Impact Officer, participated in an event held by ISSB as part of London Climate Action Week.    CDP is ISSB’s key global climate disclosure partner, with the ISSB’s climate standard as the foundational baseline for CDP’s climate disclosure. We're proud to be playing our part in driving harmonization alongside our partners TNFD, GRI and GHG Protocol. 

CDP's CEO, Sherry Madera, spoke with Germany's Börsen-Zeitung about our new Portal and ongoing alignment with the world's most relevant standards and frameworks. Read the interview in English here ➡️https://ow.ly/sgSM50SmgjI

📢 Discover our latest insights and updates in the June CDP Bulletin 📰 Inside this month's edition: ➡️ Catch up on the Global Disclosure Dialogue 🚀 Why climate transition plans are business-critical 📚 New blogs 📰 CDP in the news Subscribe for CDP’s top headlines every month.

Semiconductors require huge amounts of water, and extreme weather events are forcing electronics companies to adapt. We spoke to United Microelectronics Corporation (UMC) about why investing in a water-secure future is vital to the sustainability of global supply chains.   Through disclosure, companies can access capital, increase efficiency and maintain compliance. Explore the portal to see what's new in 2024 and prepare to disclose: https://lnkd.in/dzNSu8xx   For more information on water risks and opportunities facing investors, explore our new knowledge hub: https://lnkd.in/dUR3PQNb

📣 Having worked closely with the UK Transition Plan Taskforce, CDP welcomes the news that the ISSB is exploring implementing the Taskforce’s guidance into its standards.   With nearly 50% more companies reporting climate transition plans through CDP in 2023, it’s clear that they are fast becoming crucial tools for companies to build and maintain confidence with stakeholders. And our analysis shows that companies consistently disclosing climate data through CDP are more likely to be developing detailed, credible, and effective transition plans.

Excited to announce the launch of the CDP and Boston Consulting Group (BCG) 2023 Supply Chain Report! Our latest report uncovers critical insights into Scope 3 emissions, revealing that supply chain emissions are on average 26 times higher than operational emissions. This highlights the urgent need for comprehensive management and strategic action. Key findings include: ➡ Corporates with an internal carbon price that is mandated for all business decisions are 4.1x more likely to have a 1.5°C-aligned transition plan with a Scope 3 target (upstream). ➡Corporates with climate-responsible board are 4.8x more likely to have a 1.5°C-aligned transition plan with a Scope 3 target (upstream). ➡Corporates that engage with suppliers are 6.6x more likely to have a 1.5°C-aligned transition plan with Scope 3 target (upstream).   This report is essential for organizations committed to reducing their environmental impact and to align with global sustainability goals.  Disclosing actionable data is essential for increasing access to capital, driving business efficiency and ensuring compliance. Every organization must be guided by data to understand the environmental risks they face and take urgent action if they are to thrive.     Dive into the full findings and discover how your organization can lead in sustainability here: https://lnkd.in/e2sdWfJ4

📢 Almost 2,000 high-impact companies are being targeted to report on climate, forests and water through CDP by 276 global financial institutions representing over US$ 21 trillion in assets. Our annual CDP Non-Disclosure Campaign launches today. Financial institutions are requesting environmental data from the highest impact companies, globally, that have not responded to previous CDP disclosure requests. Companies targeted through the campaign are more than twice as likely to disclose their environmental impacts. In 2024, demand for water data has increased – rising by 122% compared to last year, with more than 1,000 companies requested to disclose on water. Rising financial costs associated with water related risks mean financial institutions are gradually making a stronger demand for corporate transparency on water. In 2024, we’ve made exciting changes to our corporate questionnaire and disclosure Portal to streamline reporting and enable holistic environmental disclosure, generating the most comparable, comprehensive, decision-useful data. Learn more about the campaign and find out how to disclose: https://ow.ly/Jwmm50So7Kr #CDPNonDisclosure

We are excited to be partners of #ClimateInvestmentSummit 2024! Join us on 26 June for solutions-oriented discussions on ensuring an #energysecure and #sustainable future for all 🌍 The discussions will include: ♻️ #CleanEnergy 🌿 #FinanceForNature 📊 #ESG Reporting 🌱 Emerging and Developing Markets (#EMDE) Register today bit.ly/CIS2024Register #CIS2024 #WorldClimateFoundation #LCAW

💧New CDP Report: Navigating Troubled Waters The financial sector is deeply exposed to water risks but not enough is being done. Directors of financial institutions have a duty to act with care, considering risks to nature as foreseeable and material. CDP’s new briefing, written by Annabel Nelson, provides clear and concise recommendations for boards to act on water issues now. Read here: https://lnkd.in/ewEsAGQU Thanks to: James Alexander, UK SUSTAINABLE INVESTMENT AND FINANCE ASSOCIATION Rebecca Lea, Association of British Insurers Jenni Ramos, Commonwealth Climate and Law Initiative (CCLI) Helen Avery, Green Finance Institute Michael Marks and Alexander Burr, Legal & General Investment Management (LGIM)