IBCSD Company Workshop on CDP, Understanding the Carbon Disclosure Report

Background of CDP

International agreements such as the Kyoto Protocol have proved problematic, and individual governments have been reluctant to develop stringent national limits on emissions for fear of big companies relocating their factories and jobs to nations with laxer regulatory regimes. The Carbon Disclosure Project (CDP) attempts to sidestep these national interests by focusing on individual companies rather than on nations. CDP brings together institutional investors to focus attention on carbon emissions, energy usage and reduction – wherever companies and assets may be located.

Some corporations have higher greenhouse gas emissions than individual nation states. Some leading companies have moved to become carbon neutral, but for others there is the scope to reduce energy usage and greenhouse gas-emissions through the adoption of energy-efficiency methods and business planning.

Mechanism

CDP works with 3000 of the largest corporations in the world to help them ensure that an effective carbon emissions / reductions strategy is made integral to their business. The collection of self-reported data from thousands of companies is supported by 822 institutional investors with US$95 trillion under management.CDP operates from Berlin, New York, London and has partners in 18 of the world’s major economies which help deliver the programme globally. It has:

  • Established the world’s largest repository of GHG emissions and energy use data accounting for some 26% of global anthropogenic CO2
  • Started to establish a globally used standard for emissions and energy reporting
  • Examined the 250 major electric utilities globally (high GHG emitters)
  • Obtained backing from blue chip investors including HSBC, JPMorgan Chase, Bank of America, Merrill Lynch, Goldman Sachs, American International Group, and State Street Corp.
  • Active staff or partner organisations in the United States, China, Japan, Germany, United Kingdom, France, Canada, India, Brazil, Nordic region, South Africa, Netherlands, Australia, and New Zealand, among others
  • Works with corporations including WalMart, Tesco, Cadbury Schweppes, Procter and Gamble, and many others to measure emissions through the supply chain.

Much of the data elicited has never been collected before. This information is helpful to investors, corporations, and regulators in making informed decisions which take into account corporate risk from future government legislation, possible future lawsuits, and shifts in consumers’ perceptions towards heavy emitters. RepRisk’s data will add to the current evaluation process by validating company-provided information and clarifying how a company’s policies, commitments and initiatives translate into performance. An estimated $27 trillion will be spent over the next 30 years on new energy-related capital developments (power stations, fuel distillation plants, etc.). In line with ecological modernisation school of thought, CDP considers it vital that the right or optimally-suitable technologies are adopted. In particular:

  • Giving higher priority to energy efficient design in new capital projects
  • Declaring firm targets for capping and reducing corporate emissions
  • Identifying new low carbon business opportunities
  • Pricing in how, under different scenarios, the price of carbon emissions will shift the economics of alternative energy sources.

The process of companies having to respond to CDP delivers real changes in business practice resulting in lower energy use. In many cases this leads to a higher proportion of energy from renewable sources.

CDP has 501(c)3 charitable status through Rockefeller Philanthropy Advisors in New York City and is a registered charity in the United Kingdom.

CDP Europe is a registered charity at the local court of Charlottenburg, Germany.

IBSDC Workshop Document on CDP : Understanding the Carbon Disclosure Report

  • CDP event – APP Librian Anggraeni
  • CDP Presentation Laura Pitkin.pdf
  • IBCSD-CDP Pak Joko KLHK.pdf
  • 2017 Forests Guidance document
  • 2017 Forests Scoring methodology
  • 2017 Forests Reporting Roadmap
  • 2017 Forests Questionnaire
  • CDP IBCSD Event 18th April 2017 Report – English_CDP comments.pdf

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