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The latest insights from CDP, the global environmental disclosure system
When it comes to our environment, the economic cost of action is far lower than inaction. In 2021, 211 companies disclosing through CDP identified US$80 billion of forest-related risks. The cost of responding to these risks was US$6.7 billion.
Meanwhile, a new report released by CDP and Planet Tracker found that US$15.5 billion in assets are stranded or at risk due to the global water crisis. One-third of financial institutions, however, are yet to assess exposure of their activities to water issues.
Time is fast running out. It is vital that we realize the true impact of companies, cities and subnational governments on earth’s natural systems, and build the foundation for a 1.5C nature-positive global, equitable economy.
Companies risk over US$80 billion without action to tackle deforestation in their supply chains
New research released from CDP and the Accountability Framework initiative (AFi) shows that companies cannot afford any more delay in tackling deforestation across supply chains, with forest-related risks identified at almost $80 billion by 211 disclosing companies.
Financial institutions deeply exposed to stranded assets caused by global water crisis
First-of-its-kind analysis shows how global companies in key industries are already losing billions as a result of the global water crisis. By focusing on four sectors; oil & gas, electric utilities, coal, and metals & mining, a new report by CDP and Planet Tracker found that US$13.5 billion in assets are already stranded and US$2 billion are at risk due to water issues.
SBTi Progress Report shows net-zero commitments booming, supply chain engagement lagging
This month, the Science Based Targets initiative (SBTi) published its third annual Progress Report: ‘Scaling Urgent Corporate Climate Action Worldwide’. Catch up on CDP’s response to the programme’s latest update.
A Frank Dialogue: Spotlight on the ‘Social’ dimension of ‘ESG’ reporting
June will see the 11th anniversary of the adoption of the UN Guiding Principles on Business and Human Rights: a set of guidelines for states and companies to prevent, address and remedy human rights abuses committed in business operations. For episode two of our Frank Dialogue event series, we gathered a group of experts to look back at the progress made and remaining gaps in reporting on social and human rights topics and corporate accountability.
CDP in the news
Environmental disclosure is the bedrock of corporate action for two main reasons: it informs improved decision making & target setting, and enables accountability. Dexter Galvin (CDP Global Director of Corporations & Supply Chains) explored the benefits of environmental disclosure in this piece for Edie.
Water security is a blind spot for many investors and companies, with little understanding of how water availability is being affected. Cate Lamb (CDP Global Director of Water Security) explained more for Reuters and Edie.
In May, the EU set out the first draft of its sustainability reporting standards. Mirjam Wolfrum (CDP’s Director of Policy Engagement in Europe) responded in Euractiv.
Finally, how canclimate action be cascaded throughout the supply chain? Read a six-step guide to decarbonization in this World Economic Forum article.
Events
CDP 2022 Disclosure Workshop Series
The CDP 2022 Disclosure Workshop Series is taking place throughout May and June, and will cover a range of content on different elements of environmental disclosure.
Through our regional disclosure workshops, we will provide valuable support, updates, thought leadership and networking, tailored to your region, enabling you to make the most of the disclosure process and take more effective environmental action.
