Key Changes to the 2018 CDP Water Security Questionnaire

With the release of the 2018 CDP Water Security questionnaire, CDP continues to raise the bar on water stewardship disclosure and performance. This year, CDP has made a number of modifications to the questionnaire including an updated title in response to changing trends in sustainability reporting and increasing investor interest in value chain risks and opportunities. The latter has been driven by the Task Force on Climate-related Financial Disclosures (TCFD) recommendations released in June 2017 which are designed to “help firms understand what financial markets want from disclosure in order to measure and respond to climate change risks and encourage firms to align their disclosures with investors’ needs.”[1] From Cape Town, South Africa to Sao Paulo, Brazil, we are witnessing unprecedented, sustained drought in densely populated areas of the world. Companies can no longer rely on consistent availability of potable water in many areas of the world. To ensure business

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FIVE SUSTAINABILITY AND ENERGY TRENDS TO WATCH IN 2018

What’s in store for 2018? We’ve highlighted five trends we expect to see in the coming year. We hope this summary helps keep a pulse on what’s new and inspires you to further explore these and other emerging trends. Increased transparency around the financial risks posed by climate change The potential scale of risk to assets is generating growing global investor concern and driving demands that climate change risks be assessed and disclosed in a measurable and consistent way. Increasingly, some of the largest investment houses in the world – including Vanguard, Blackrock and State Street – are setting policies to support shareholder demands for greater transparency. In June 2017, the Taskforce on Climate-related Financial Disclosures (TCFD) issued recommendations for reporting on the financial risks from climate change. The recommendations guide organizations to look at both physical risks (e.g., wildfires, sea-level rise and extreme storm events) and transitional risks (e.g.,

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What do the Task force on Climate-related Financial Disclosure Recommendations mean for your organization?

The Task force on Climate-Related Financial Disclosures (TCFD; Task Force) was formed by the Financial Stability Board (FSB) in 2015 in response to: the potential threat that climate change posed to the global financial system; and a lack of transparent, consistent and high-quality financial information related to the potential risks and opportunities of climate change. In June 2017, the TCFD published a set of recommendations focused on four core operational elements – governance, strategy, risk management and metrics, and targets. These recommendations are designed to be implemented across all sectors to varying degrees. Following the release of the recommendations, 390 investors representing over USD $22 trillion in assets requested that the G20 nations support the recommendations. What does this all mean to you? There are several key factors to consider around the TCFD recommendations: You may already be aligning with some of the recommended disclosures through other reporting frameworks. See

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