CDP Consultancy
What Areas Does CDP Focus On?
CDP collects data on four key sustainability and environmental topics:
Climate Change: Companies are expected to provide information about climate risks and opportunities, and share their strategies for low-carbon practices. The CDP climate change survey requests data on Scope 1, 2, and 3 emissions, governance, business strategy, use of carbon credits, internal carbon pricing, and the financial impacts of greenhouse gas emissions.
Water Security: CDP measures companies' efforts to enhance water usage and water security. It also uncovers water risks in supply chains and helps companies build partnerships for collaboration.
Deforestation: Deforestation poses serious threats to climate regulation, water resources, and biodiversity. CDP tracks practices aimed at preventing deforestation in agricultural production and conserving natural ecosystems.
Plastics: CDP encourages companies to report their strategies for plastic use and combating plastic pollution. This enables companies to proactively comply with new regulations related to plastics.
CDP requests data not only from companies but also from cities, states, regions, and public institutions. In 2023, over 23,200 companies and more than 1,100 cities, states, and regions disclosed their environmental data through CDP.
How Are CDP Scores Calculated?
CDP rates reporting organizations with a score ranging from “D-” to “A.” These scores indicate how effectively the organization has taken action on climate change, deforestation, and water security. CDP's assessment system is in line with IFRS. Companies and cities that perform at a high level are included in the “A List.” Through consecutive disclosures, organizations can track their progress over the years.
Benefits of CDP Reporting
Transparency and Trust: Clearly demonstrates your company’s environmental impacts to stakeholders and investors.
Global Comparability: Allows you to objectively compare your performance with companies worldwide.
Risk and Opportunity Management: Provides a strategic advantage by identifying climate, water, and deforestation risks early.
Investor Relations: CDP reports that demonstrate your sustainability performance play a decisive role in investor decisions.
CDP Reporting with Life Climate
Annual reporting to CDP can be time-consuming and complex. As Life Climate, we support you at all stages, including data collection, methodology analysis, and preparing responses that meet scoring criteria to simplify your CDP reporting process.
Our Services Within CDP:
Preparation of Scope 1 and 2 emissions inventory
Scope 3 emissions screening and inventory
Quantitative and qualitative data collection and analysis
CDP scoring evaluation and report revision
Target setting support for the Science-Based Targets Initiative (SBTi)
Identification of gaps and areas for improvement from previous reports
Development of strategies to maximize the CDP score
Preparation and submission of responses in accordance with CDP scoring methodology
Every year, our expert consultants compare the CDP survey and scoring methodology with up-to-date guidelines, aiming to ensure that your reporting provides the highest benefit to your company. Throughout the process, our focus is on enhancing your environmental performance and advancing you one step forward on your sustainability journey.
With our CDP consultancy service, enhance your environmental transparency and confidently proceed on the path to leadership in sustainability.
