Key Changes to the 2018 CDP Water Security Questionnaire Posted February 21, 2018 by Zoey Kriete 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 Read More
2018 CDP Climate Change Questionnaire: Influence of the TCFD and other Key Changes Posted January 8, 2018 by Zoey Kriete Following the financial crisis in the late 2000’s, the G20 established the Financial Stability Board (FSB) to identify and mitigate threats to the global financial system. In 2015 the FSB, led by New York City’s former Mayor Michael Bloomberg and comprised of members from global banking institutions, insurance companies, institutional investors, industrial and consumer products companies and experts on financial accounting and public disclosure, created the Task Force on Climate-related Financial Disclosures (TCFD). The Task Force was developed in direct response to a: belief that climate change represents a growing systemic threat; lack of high-quality, consistent financial information related to the potential risks and opportunities associated with climate change; and growing need for transparency in company valuation and the ability to assess the risks organizations are facing. After numerous rounds of input, the TCFD published a set of recommendations in June 2017 to “help firms understand what financial markets want Read More
Moving beyond greenhouse gas inventories to energy efficiency and renewable energy strategies Posted September 16, 2017 by Jeremy Mohr With carbon reporting season in our collective rearview mirror, we look forward to this year’s CDP report and are reminded of the effort that organizations expend disclosing meaningful greenhouse gas (GHG) information and climate change strategies. Every year more and more organizations collect and report energy and GHG data through avenues such as CDP and corporate social responsibility (CSR) reports. Adding to this, organizations are setting targets – science-based and renewable energy – in an effort to demonstrate improved corporate responsibility and improved environmental performance. The carbon inventory and reporting process yields significant amounts of useful information, but how can organizations leverage this momentum to achieve benefits beyond business as usual and accomplish meaningful sustainability goals? In our whitepaper – Inventory to Action: Moving beyond greenhouse gas inventories to energy efficiency and renewable energy strategies – we highlight the benefits of developing and implementing a strategic energy management program. The Read More
