CDP REPORTING

With an ever-increasing global focus on sustainability transparency, CDP reporting provides essential corporate sustainability data to the global market. See the benefits of third-party support and how the Bureau Veritas team can support you.

UNDERSTANDING CDP REPORTING

Reporting to the CDP (formerly known as Carbon Disclosure Project) can demonstrate action and boost your reputation. The CDP reporting process also enables companies to identify and proactively manage their potential risks and opportunities on key sustainability topics such as climate change, forests, water, biodiversity and plastics.

In existence since 2000, CDP has become the gold standard for carbon disclosure methodology and process. The CDP's online database is the largest registry of corporate GHG emissions and corporate climate change strategies in the world.

WHY DISCLOSE TO CDP?

CDP is a voluntary reporting framework which helps to improve transparency to stakeholders and investors. It is not mandatory, can form a part of increasingly vital ESG (Environmental, Social and Governance) strategies for organisations looking to prove their commitment.

CDP reporting is applicable for any organisation wanting to improve transparency over its sustainability performance. It helps meet growing expectations from financial institutions and consumers for transparent, responsible action when it comes to environmental performance. It also reduces potential risks and boosts confidence from stakeholders. And the numbers are growing each year - in 2023, a total of 23,293 disclosures were made (up 24% year on year), including 8,000 companies that started their journey by disclosing for the first time. 

SUPPORT WITH CDP REPORTING

CDP reporting is completed on an annual basis. The reporting platform opens in April every year and the current deadline for disclosure is September, with scores being published early in the following year. The CDP disclosure questionnaire is complex and evolves year on year, and if tailored advice and/or verifications are required, it can take a substantial amount of time to complete. Changes to the framework each year can add challenges too.

Many companies turn to a specialist to support them through the process and help improve the quality and score of their CDP disclosure, either through consultancy or verification. Bureau Veritas offers a team of sustainability experts, combining experience of the CDP scoring process with a strong track record in delivering sustainability services across all sectors.