This week, I want to introduce another sustainability organization which is focused on Climate related topics: CDP (or the Carbon Disclosure Project).
CDP is a not-for-profit charity that runs a global environmental disclosure system. CDP supports thousands of investors, companies, cities, states, and regions to measure and manage their environmental impacts by identifying the risks and opportunities related to climate change, water security, and deforestation. Then, CDP takes the information supplied in its annual reporting process and scores the responses.
How do I become a CDP supporter?
You can become a CDP member in two different ways: the first, as a CDP supply chain member, and second, as a CDP reporter. They have different purposes and benefits:
- Supply chain member: helps you to engage your suppliers, pinpoint risks, and identify opportunities. The program is designed to set and achieve your science-based targets, zero-deforestation, and water security targets. You can sign up here.
- Reporter: when you report into CDP, they have a support service with access to global data, insights, and additional tools to help you integrate environmental information into your wider business strategy. You can sign up here.
What does CDP expect me to report?
CDP reporting is questionnaire-based. CDP provides guidance that explains each question in detail and describes what information to provide, the required format, and where to find tools or further information to construct your answer. The scoring methodology is also available, to understand how you will be scored if you become a reporter.
Remember different kinds of organizations (public and private) can report into CDP. Each group is asked different questions according to their goal types, including where they are with that goal as well as a description of how these goals are being addressed. In the case of companies, the goals are sector specific, but overall, they cover the following topics: governance, risks and opportunities, business strategy, targets and performance, energy, emissions, energy, carbon pricing, portfolio impact, supply chain, among others. See further detail here.
Who are the Mexican CDP corporates with a CDP score?
Climate change is the most pressing risk for humanity. It is no wonder then there are so many initiatives out there trying to assess, guide, and incentivize better disclosure from organizations everywhere. Companies can support more than one climate-related initiative (and actually many of them should), and we understand it might feel a bit overwhelming to choose how to manage this. We are more than happy to help make those decisions.
I hope you found this interesting. As usual, if there is anything we can help you with, please reach out.
Partner, Miranda ESG
Contacts at Miranda Partners