To gain full points on verification, companies should attach a third party verification/assurance statement (e.g. PDF, letter from verifier, CDP verification template). This can also be part of a larger document such as a CSR report. Note: website links will NOT be taken into account (in certain circumstances screenshots will be accepted – e.g. EU ETS database)
This documentation needs to:
- clearly relate to GHG emissions;
- relate to the relevant scope;
- relate to the correct reporting year;
- state the verification standard used**
- contain a verification opinion or finding.
** Standard used needs to comply with CDP criteria – see list of accepted standards.
If a company has had verification of a report (e.g. a CSR report, or ESG data contained within an annual report), they should attach the report itself alongside the verification statement, so that scorers and data users can identify what data has been verified. It is also acceptable to attach the whole report if it includes the statement from the verifier.
As companies’ verification procedures are not necessarily linked to the CDP reporting cycle, ‘verification under way’ is accepted under the scoring methodology, with full points available as long as the previous verification/assurance statement is attached as proof of process.
In addition, companies that are required to use CEMS (continuous emissions monitoring systems) for regulatory purposes can also achieve full points where they can provide appropriate evidence. Companies for whom this is relevant should select “no third party verification – regulatory CEMS required” and complete the necessary details in accordance with the guidance.
CDP is planning to raise the bar for full points for verification rewarding those who are doing more and incentivising companies to verify more data. In order to do this CDP will introduce a threshold of 70% of both Scope 1 and 2 emissions verified for full points to be awarded and for inclusion in the Climate Performance Leadership Index (CPLI) in 2015.
Questionnaire changes have been made in 2014 to give the responding companies an opportunity to get familiar with the new structure before implementing the scoring changes in 2015.
For full points for verification a company will have to have reported no relevant exclusions in question CC8.4 (2014 question reference).
No changes will be made to Scope 3 emissions verification requirements. CDP will monitor the situation and will be looking at increasing the threshold in the coming years but will consult and inform companies at least 1 year in advance.
For further details on scoring and reporting requirements, please consult the CDP guidance and scoring methodology or watch a webinar on changes in the verification and scoring approach in 2015.