CDP

Companies need to remove deforestation from their supply chains to comply with climate and nature targets. How are they doing? New CDP data studied in partnership with the Accountability Framework initiative (AFi) suggests that a deforestation-free supply chain is possible. Companies must increase transparency through disclosure so they can manage their impacts and meet incoming regulation. ➡ Read the full report here: https://lnkd.in/e3MhuGR9 ➡ Explore the guidance for disclosure in 2024: https://lnkd.in/dvS47mDX

As the world enters new and dangerous climate territory, shattering temperature records month after month, there is a golden thread that brings clarity, enables management of the problem and unlocks climate finance and action - data. Only data can give cities the insights they need to manage, mitigate and adapt to the impacts of our rapidly changing planet. It is the unique key that leads directly to meaningful and effective action to deliver a greener, safer and more sustainable future. New CDP data analysis shows more than 4 in 5 of the world’s cities - 83% - are facing challenging climate hazards, such as flooding, extreme heat and drought. Find out more, from who is most affected to regional breakdowns, here: https://ow.ly/fPsA50SuKHJ

As one of the Science Based Targets initiative's founding members and partners, CDP thanks Luiz Fernando do Amaral for his dedication to driving ambitious climate action aligned with 1.5°C to become a global business norm. Under his leadership, the organization has grown to encompass more than 5,600 companies around the world with validated science-based targets. CDP has been committed to the SBTi’s success as an independent organization to further scale, and we welcome Susan Jenny Ehr as interim CEO. Disclosure and target-setting are intimately linked as critical steps on the corporate climate transition journey. Once a company has set a target, we need disclosure data to see how companies are implementing actions and achieving their ambitions.  

📣 This year, 276 financial institutions (FIs) joined our non-disclosure campaign (NDC) and are calling on almost 2,000 high-impact companies globally to disclose through CDP.   Disclosing actionable data is essential for increasing access to capital, value chain competitiveness, business efficiency, and complying with market and regulatory asks. With impacts from climate change and nature loss already here, every organization must be guided by data to understand the risks they face – and act if they are to thrive.   Direct engagement from FIs is a key tool to reinforce the importance of corporate environmental disclosure and what it means to invested stakeholders.   Learn more about the role of FIs’ in driving environmental disclosure: https://lnkd.in/dKD2Akh   #CDPNonDisclosure

Last week, Nicolette Bartlett, CDP's Chief Impact Officer, participated in an event held by ISSB as part of London Climate Action Week.    CDP is ISSB’s key global climate disclosure partner, with the ISSB’s climate standard as the foundational baseline for CDP’s climate disclosure. We're proud to be playing our part in driving harmonization alongside our partners TNFD, GRI and GHG Protocol. 

CDP's CEO, Sherry Madera, spoke with Germany's Börsen-Zeitung about our new Portal and ongoing alignment with the world's most relevant standards and frameworks. Read the interview in English here ➡️https://ow.ly/sgSM50SmgjI

📢 Discover our latest insights and updates in the June CDP Bulletin 📰 Inside this month's edition: ➡️ Catch up on the Global Disclosure Dialogue 🚀 Why climate transition plans are business-critical 📚 New blogs 📰 CDP in the news Subscribe for CDP’s top headlines every month.

Semiconductors require huge amounts of water, and extreme weather events are forcing electronics companies to adapt. We spoke to United Microelectronics Corporation (UMC) about why investing in a water-secure future is vital to the sustainability of global supply chains.   Through disclosure, companies can access capital, increase efficiency and maintain compliance. Explore the portal to see what's new in 2024 and prepare to disclose: https://lnkd.in/dzNSu8xx   For more information on water risks and opportunities facing investors, explore our new knowledge hub: https://lnkd.in/dUR3PQNb

📣 Having worked closely with the UK Transition Plan Taskforce, CDP welcomes the news that the ISSB is exploring implementing the Taskforce’s guidance into its standards.   With nearly 50% more companies reporting climate transition plans through CDP in 2023, it’s clear that they are fast becoming crucial tools for companies to build and maintain confidence with stakeholders. And our analysis shows that companies consistently disclosing climate data through CDP are more likely to be developing detailed, credible, and effective transition plans.

Excited to announce the launch of the CDP and Boston Consulting Group (BCG) 2023 Supply Chain Report! Our latest report uncovers critical insights into Scope 3 emissions, revealing that supply chain emissions are on average 26 times higher than operational emissions. This highlights the urgent need for comprehensive management and strategic action. Key findings include: ➡ Corporates with an internal carbon price that is mandated for all business decisions are 4.1x more likely to have a 1.5°C-aligned transition plan with a Scope 3 target (upstream). ➡Corporates with climate-responsible board are 4.8x more likely to have a 1.5°C-aligned transition plan with a Scope 3 target (upstream). ➡Corporates that engage with suppliers are 6.6x more likely to have a 1.5°C-aligned transition plan with Scope 3 target (upstream).   This report is essential for organizations committed to reducing their environmental impact and to align with global sustainability goals.  Disclosing actionable data is essential for increasing access to capital, driving business efficiency and ensuring compliance. Every organization must be guided by data to understand the environmental risks they face and take urgent action if they are to thrive.     Dive into the full findings and discover how your organization can lead in sustainability here: https://lnkd.in/e2sdWfJ4