CDP, Pure Strategies Help Firms Cut Climate Risks
The sustainability consulting firm says as a consultancy partner it will work with CDP to help reporting companies understand key drivers behind their environmental impacts, optimize their reporting, and determine actions that can reduce the impacts, risk and costs. Pure Strategies also will work with the CDP to define best practices surrounding supply chain reporting and engagement and share these via webinar, report or online presentation.
CDP’s global system for corporations to disclose their environmental data to investors now has 722 investor signatories representing some $87 trillion in assets — more than half the world’s invested capital. More than 80 percent of the world’s largest listed companies reported to CDP last year, and this year, CDP has written to more than 5,000 listed companies globally, requesting disclosure of carbon emissions and climate change strategies, CDP says.
Last fall EcoVadis and CDP joined forces to make it easier for companies in the supply chains of large purchasing corporations to report their carbon and climate change information.
EcoVadis’ web-based platform allows companies to assess the environmental and social performance of their global suppliers. The partnership allows responding companies to minimize their reporting by automatically transferring the information in their CDP response to EcoVadis’ system.
Companies can improve their 2013 Carbon Disclosure Project scores by reporting and verifying all categories of scope 3 emissions, and responding to the new supply chain questions, among other measures, according to WSP.
The environmental and sustainability consulting firm updated its white paper, Making the Most of the Carbon Disclosure Project, in February to coincide with the recent release of the Carbon Disclosure Project (CDP) 2013 Investor Information Request and scoring methodology.
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