In recent years there has been a growing need for transparency within sustainable action taken by businesses.

This is due to the rampant increase in greenwashing, which only serves to diminish the focus on genuine efforts, in addition to creating a culture of mistrust within stakeholders and consumers.

To combat this, certain organisations have taken on the task of encouraging and supporting the accurate public disclosure of environmental data. Such is the case with today's focus, the Carbon Disclosure Project (CDP).

In this episode Mel Blackmore discusses what the Carbon Disclosure Project is, what is required to earn an A rating, provides some tips on how to get that A rating and explains the pros and cons with getting involved with the project.   

You'll learn

·      What is the Carbon Disclosure Project?

·      What are the requirements to achieve an A rating?

·      Top tips for earning an A rating in the CDP

·      What are the advantages of earning a CDP rating?

·      What are the disadvantages of getting involved with the CDP?

Resources

·      Carbon Disclosure Project

·      Carbonology

·      Contribute to Mel's carbon verification commitment research by taking her Survey

In this episode, we talk about:

[02:05 ] Episode Summary – Mel discusses the Carbon Disclosure project, including what's involved with taking part, how to achieve an A rating and the pros and cons of the project.   

[03:00 ] Why is there a need for the CDP? An increased number of investors and financial institutions, in addition to clients are demanding more than just financial reports. They want to know what a company's environmental footprint is, and at this point, it's time to move on beyond simply making pledges.

Ultimately, key stakeholders are looking for a commitment to sustainability and for accessible information to help them understand how an organisation is managing its climate risks and opportunities. This is where CDP comes in.

A key component of getting the coveted A rating within CDP involves independent verification of greenhouse gas emissions.

[04:45 ] What is the Carbon Disclosure Project? CDP is a global non-profit that runs the world's leading environmental disclosure system. For over two decades, it has revolutionized how companies, cities, states, and regions report their environmental impacts. They ask thousands of organizations to disclose data on climate change, water security, and deforestation. This data is then used by investors, purchasers, and policymakers to make informed decisions.

The CDP questionnaire covers a wide range of topics, from governance and strategy to risk management, targets, and of course, greenhouse gas emissions. Companies receive a score from D- to A based on the completeness of their reporting, their level of awareness of environmental issues, their management of those issues, and ultimately, their leadership in addressing them.

[05:40 ] We want to hear from you: Mel is currently running some research around CDP and the key drivers behind carbon emission verification, and would appreciate your feedback if you have a few minutes to spare.

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