CDP

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CDP Climate Disclosure Project
Founded 2000
Headquarters London and New York City
Products Research and reporting on environmental impacts of companies, cities, states and regions. Operates a disclosure platform and a supply chain program.
Key People Paul Dickinson, Founder
Twitter @https://twitter.com/CDP
Web site https://www.cdp.net/en
Releases Organization News

CDP is an international non-profit with headquarters in New York and London that helps companies and cities disclose their environmental impact.

History[edit]

CDP, formerly the Climate Disclosure Project, is a global environmental-impact non-profit that provides a platform for companies and cities to report information on their climate, water and deforestation impacts. Thousands of companies, cities, states and regions use CDP to measure and manage their risks and opportunities on climate change, water security and deforestation.[1]

In 2021, the CDP brought together five standard-setting institutions in a collaboration to identify the elements necessary for corporate reporting of environmental, social and governance (ESG) status. Partners in this initiative are the International Organization of Securities Commissions (IOSCO) the International Financial Reporting Standards (IFRS), the European Commission, and the International Business Council of the World Economic Forum. The five framework-setting partners are the CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB).[2]

The work of that collaboration was folded into the Value Reporting Foundation, which was then on August 1, 2022, consolidated into the IFRS Foundation. This follows the consolidation of the Climate Disclosure Standards Board into the IFRS Foundation in February 2022. All of these consolidations bring staff and support to the work of the International Sustainability Standards Board (ISSB), which is now developing IFRS Sustainability Disclosure Standards.

Products and Services[edit]

CDP gathers data on how companies and cities measure, understand and address their environmental impacts. It is an advocate of using transparency and disclosure as levers to bring about change. CDP conducts research and offers reports on the environmental impacts of companies, cities, states and regions using data drawn from its disclosure platform. Through its data and investor research series, CDP provides insight on material climate risks and opportunities, and the potential impact on companies’ financial performance. CDP’s supply chain program examines how global purchasing organizations engage with their suppliers to tackle risks, take advantage of opportunities and ensure business continuity.[3]

Organization[edit]

CDP has regional offices and local partners spanning 50 countries. Companies, cities, states and regions from over 90 countries now disclose through CDP on an annual basis. The CDP Worldwide Group, the Group’s holding company, is registered in England and Wales and is a charity registered with the Charity Commission for England and Wales since January 15, 2008. It is directed by a board of trustees. CDP's wholly owned UK operating subsidiary, CDP Operations Limited, generates funds to support the charity’s activities and drive its mission as a non-profit organization.

CDP Worldwide has additional offices in Brazil, China, Hong Kong, India and Japan and operates through local partners in Colombia, Ireland, Peru, South Africa, South Korea, Taiwan and Turkey. CDP Europe's work covers the 27 EU member states, as well as EFTA countries Norway, Switzerland, Iceland and Liechtenstein. CDP North America, Inc. is a legally separate, independent 501(c)(3) entity based in New York City. CDP NA started as a sponsored project within Rockefeller Philanthropy Advisors in 2007.

It receives its funding from philanthropic and government grants as well as service-based activities principally supply chain, reporter services, corporate partnerships and sponsorships. Other corporate-sourced income includes investor memberships, data sales and company responder and investor administrative fees. It also receives an annual license, royalty and reporting platform service fee from CDP North America, Inc.[4]

Key People[edit]

References[edit]