CDP

After a public consultation phase conducted in June, CDP and WWF will publish the new version of the Temperature Scoring Methodology in early September. The open-source methodology translates corporate greenhouse gas emission reduction targets into a temperature score. It enables comparison of portfolio companies’ climate ambitions and alignment with global temperature goals, aggregating this to the fund / portfolio level. It also serves as the foundation for CDP’s Net-Zero Alignment Dataset.   Main changes and improvements focus on using the IPCC's AR6 climate model simulations / scenarios for linear regression models, clarifications and further transparency on the methodology’s purpose, rationales, and key limitations. To share more information on the changes and additions to the original methodology, the project team will be hosting two webinars on Tuesday, September 17. Register for your preferred slot: ➡ 9.00am CET: https://lnkd.in/gsNfxQW9 ➡ 4.00pm CET: https://lnkd.in/gW_maTTZ

In today’s investment landscape, understanding environmental risks and opportunities is more critical than ever. As the importance of responsible investment grows, so does the need for reliable and comparable environmental data.     Carine Smith Ihenacho, Chief Governance and Compliance Officer at Norges Bank Investment Management Bank talks about how crucial it is for investors to have access to environmental data to make responsible and informed investment decisions, and how CDP plays a vital role in providing that data.     Get prepared by disclosing through CDP today: https://lnkd.in/dvKm25re     #ResponsibleInvestment #SustainableFinance #EnvironmentalData #CDP #ESG 

From fashion to fossil fuels, supply chain action on water is urgently needed across the global economy. Find out which sectors are finding solutions with real impact in our report: https://lnkd.in/encnpsYn

"Looking only to climate change leaves organizations exposed to several risks. Climate change is just one aspect of broader environmental and social challenges. I think data can be very useful to mitigate those risks." Hear more from Marcos Paulo Conde Ivo, Klabin's CFO, on how data is needed to create robust risk management and enhance stakeholders’ engagement and trust. Discover more on how to disclose as a company: https://lnkd.in/dvKm25re

505 companies disclosing through CDP reported financial risks of up to US$105 billion across 10 critical river basins. However, the total costs to address these risks was only US$24 billion. Through CDP, companies and capital markets can measure this impact to manage these risks and opportunities, report on progress with transparency, and commit to proactive action. Discover more: https://ow.ly/W8tH50T48Ct #WWWeek

As the drive towards net-zero accelerates, robust portfolio impact metrics are increasingly vital for financial institutions (FIs). These metrics underpin meaningful climate targets, risk management, and accountability.   In 2022, financed emissions were over 750 times larger than operational emissions for FIs, highlighting the importance of addressing portfolio emissions and impacts. Encouragingly, 575 FIs disclosed through CDP’s 2023 Financial Services questionnaire—a 73% increase since 2020. Against the backdrop of evolving reporting requirements and to demonstrate progress against their net zero commitments and transition plans, transparency and high-quality disclosure remains critical.   This alignment between CDP and Partnership for Carbon Accounting Financials (PCAF) simplifies the disclosure process for FIs, supporting compliance with regulations and streamlining reporting on their portfolio impact metrics.   Discover more in our new blog: https//https://lnkd.in/eTsRSNhy

CDP’s flagship Corporate Environmental Action Tracker has been updated.   This unique, interactive tool is free to use and publicly available on CDP’s website, demonstrating how CDP’s data is being used to drive effective climate action through disclosure.   The disclosure of high quality environmental data also gives companies increased access to capital, business efficiency, and compliance.   Explore the Tracker here: https://lnkd.in/e6B3bsQh

Are you measuring and managing your Scope 3 emissions? If not, your company could be open to a significant data blind spot. Find out more in our recent supply chain report: https://lnkd.in/etGFFvkP

Research from Water Witness International found that half of the water withdrawn from rivers and aquifers to supply the food, clothes and goods consumed by high-income economies is from unsustainable sources. When water is used unsustainably, supply chain operations and actions can cause water insecurity and exacerbate the water-related risks they, and other, water users already face. In addition, CDP Data data shows that more and more companies are reporting significant water-related risks in their supply chain, with the potential economic damages of reaching US$77 billion. With the Alliance for Water Stewardship (AWS), WWI and CDP, this session explores how the private sector can take act on their supply chains to advance water security and resilience in both their direct operations and for the communities they share water resources with. Drawing on AWS's and WWI's firsthand experience and insights and from CDP's data, the session will demonstrate the business case for supply chain action, best practices amongst the private sector, and how companies can begin the cascade of positive water impacts through collective action with their value chain. Register here: https://lnkd.in/dhS5TytY