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Why disclose as a company
As the world takes steps towards building a climate safe, deforestation free, water secure future, ambitious corporate action is more crucial than ever. Disclosure through CDP provides the bedrock for this. As the world’s most comprehensive dataset, CDP's data both fuels and tracks global progress towards building a truly sustainable economy for people and planet.
As well as meeting the demands of your investors and customers, reporting your environmental data through CDP enables you to protect and improve your company’s reputation, boost your competitive advantage, uncover risks and opportunities, and track and benchmark progress. In a world where mandatory disclosure is gaining momentum, disclosing through CDP also helps companies get ahead of regulation.
CDP is the gold standard for corporate environmental reporting and is fully aligned with the TCFD recommendations.
Benefits of disclosure
There is a high market demand for environmental disclosure that is growing constantly.
680+ investors with over US$130 trillion in assets and 280+ large purchasers with over US$6.4 trillion in procurement spend are requesting thousands of companies to disclose their environmental data through CDP.
There are tangible business benefits to be gained from responding to your stakeholder’s requests for disclosure:
- Protect and improve your company’s reputation – build trust through transparency and respond to rising environmental concern among the public
- Boost your competitive advantage – gain a competitive edge when it comes to performance on the stock market, access to capital and winning tenders
- Track and benchmark progress - benchmark your environmental performance against your industry peers, with an internationally recognized sustainability score and feedback against your climate targets
- Uncover risks and opportunities – identify emerging environmental risks and opportunities that would otherwise be overlooked, to inform data-driven strategy
- Get ahead of regulation – in a world in which mandatory disclosure is gaining momentum, disclosing through CDP enables companies to meet reporting rules in multiple regions. With CDP, you’ll be fully aligned with the best-practice TCFD recommendations.
Disclosure is the essential first step to drive environmental action, and CDP is the gold standard for corporate environmental reporting.
Learn more about how disclosure can benefit you with the resources and case studies below.
Resources
Download our slide deck or brochure to learn how your company can benefit from disclosing your environmental data through CDP.
The CDP 2022 Disclosure Workshop Series takes place throughout April, May and June and will cover topics like the benefits of disclosing, our 2022 questionnaires, and setting science-based targets. You can join upcoming webinars and watch recordings of those already held.
Case studies: Why other companies are disclosing
Harness your purchasing power
“The sustainable development of our company cannot be separated from that of our suppliers. CDP Supply Chain membership is giving us deeper visibility into our suppliers’ year on year GHG reduction and is an efficient way for us to consistently engage with our suppliers."
Inform your stakeholders
"As long-term owners of corporations, our role is to ensure that company strategies are in line with ours on areas such as climate risk. CDP's data is very useful in helping us do this efficiently and effectively. Mapping a company's carbon footprint, or the emissions it produces, and measuring its progress in this area is an important and growing part of our portfolio analysis"
Read Calpers' case study
Get internal buy-in
"When building our carbon strategy, CDP’s scoring methodology is very useful in helping us get buy-in from executive audiences. They like the fact that if we’re scoring low on one aspect, we can break it down in a clear way to see where the opportunities for improvement lie. Then next year, when our score improves, they can see the tangible output of those actions.”
Read WFP's case study
Find opportunities for action
"Once you measure your performance and identify a set of targets, you create the conditions to achieve them. Then you have to set a higher and higher bar all the time to continue to deliver for your shareholders... It’s a feedback loop, and CDP has been instrumental in that because it’s such a quantitative, objective measure of how we are doing."
Read Vermilion's case study
Benchmark against your peers
“CDP provides not only a disclosure platform but also a well-established rating mechanism. Being able to say we are on the A List is well-recognised. It shows we have a complete and well performing sustainability program, so we use our CDP score in external communications and investor presentations, and we get recognition for that.”
Read Signify's case study