Carbon Disclosure Project FAQ
What is the CDP?
The Carbon Disclosure Project (CDP) is an independent, London-based, not-for-profit organization that was established in 2000. The CDP is the largest global climate change reporting system with a database of corporate climate change information from organizations all over the world.
Who reports to the CDP?
Over 3,000 organizations in 60 different countries now measure and disclose their greenhouse gas (GHG) emissions and climate change strategies through CDP. Reporting has increased considerably since the CDP was founded, with 82% of the Global 500 responding to the CDP Questionnaire in 2010. Additionally, 87% of those Global 500 responding companies reported that they are taking actions to reduce GHG emissions.
As of November, 2010, 70% of the US S&P 500 companies had disclosed climate change information through the CDP. The average CDP reporting score has also increased.
What is the value of reporting to the CDP?
Reporting carbon emissions is a growing trend for companies around the globe and many are requesting carbon disclosure as part of a supply chain program. The CDP accelerates solutions to climate change by putting relevant information at the heart of business, policy, and investment decisions.
CDP reporting:
- Provides stakeholders with transparency into an organization’s sustainability practices
- Identifies risks that affect employees, customers, investors, and ultimately, business performance
- Provides foundation for building corporate climate change strategies
- Communicates corporate leadership and environmental consciousness
- Creates a benchmark against peers and an opportunity to stand out from the crowd
What is CDP Response Check?
A new service introduced by the CDP, Response Check is designed to improve the completeness of respondents’ answers by providing a structure, low-cost, high-value service offered through CDP Accredited Partners. By using this service, organizations can identify questionnaire answers that are incomplete or misunderstood.
