CDP aims to score all water responses received by 30 June from publicly listed companies in 2015. We are currently in negotiations to secure a water scoring partner. Companies should therefore utilize the CDP water scoring methodology when formulating their response. We will share more information with each company at the end of February and confirm those companies that will and won’t be scored at the end of March.
With regards to publishing water results this year, CDP’s proposals are as follows:
- Individual company water scores, from both public and private respondents, will be shared with investors via CDP’s password protected investor portal.
- Individual companies will receive their score as well as the ability to benchmark themselves against their peers in an anonymized fashion via score feedback charts.
- CDP will not release a full Water Index in 2015. Instead, we will focus communications on those companies that have achieved Leadership status. This approach will allow CDP to continue to create a positive race to the top, whilst avoiding alienating those companies that are at the beginning of their water stewardship journey.
Alignment with other reporting initiatives
The CEO Water Mandate Disclosure Guidelines aim to support and inform existing and emerging work in the field of corporate sustainability, in addition to supporting companies’ water-related disclosure. We work closely with the CEO Water Mandate as strategic project partners, offering insight regarding water disclosure practice and where appropriate, we seek to align future iterations of our Water Information Request with the Guidelines.
Standards for water reporting are not as consistently established as those for carbon and so we work closely with the CEO Water Mandate, the World Resources Institute (WRI), WWF, WBCSD, GRI and similar organizations to support the development of effective standards and help accelerate movement towards a standard which companies are comfortable reporting against and through which investors can gain meaningful information.