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The latest insights from CDP, the global environmental disclosure system

We are experiencing a summer of extreme weather and record-breaking temperatures around the world. Environmental crises are accelerating, and time is running out for us to realize a net-zero, nature-positive world.

Climate change is hitting harder than ever, and cities are at the forefront: responsible for 70% of global carbon emissions and home to over half the world’s population, 93% of cities report facing climate hazards that will put people and infrastructure at risk. Policymakers must urgently act.

CDP recently released our 2022 US infrastructure snapshot, exploring projects ranging from water infrastructure to flood prevention, reforestation and clean energy – and our first campaign targeting public authorities. These include energy and transport utilities, housing and airports, which have a profound environmental impact, but provide critical services for all communities.

Stepping down as CEO: Paul Simpson's final thoughts

21 years after co-founding CDP, including 12 at the helm, Paul Simpson shares his final thoughts on stepping away from his role as CEO to pursue new directions and challenges.

How banks can get ahead of new US regulation and beyond

For years the climate change spotlight has been on fossil fuel companies, automotives and other carbon-intensive sectors. Now, banks and other financial institutions are increasingly under pressure to manage their climate impacts and risk. In March this year, the US Securities and Exchange Committee (SEC) issued its proposed climate disclosure rule that will require publicly-traded companies – banks included – to disclose their climate impacts.

Bridging the SDG data gap for biodiversity and nature

With the 2022 High-Level Political Forum (HLPF) on Sustainable Development exploring the theme of building back better from COVID-19, we are reminded of the interconnectedness of the ongoing crises. Biodiversity loss was one of the contributing factors that created the conditions for the COVID-19 pandemic and triggered dire warnings of more to come. Worryingly, the world is currently only on track to meet 22% of environment-related Sustainable Development Goals (SDGs), and for 58% of these SDGs there is insufficient data at a global level to assess progress.

How good are big emitters’ climate targets? An analysis using the CDP/WWF temperature ratings methodology

The CDP/WWF temperature ratings methodology, which analyses corporate targets disclosed through CDP, is an insightful tool to assess the quality of targets set by these companies so far. Using this approach and looking at science-based targets (SBTs), we assessed the climate targets of 166 of the world’s highest-impact companies – finding current ambition to be far off track.

What actions should companies be taking to lead the decade of delivery?

At our recent Europe workshop, ‘Leading the decade of delivery’, sustainability practitioners from across Europe came together to discuss key developments in environmental reporting and action this year. From net-zero targets to the EU Taxonomy, new biodiversity reporting to climate transition planning, our workshop took participants through what’s needed to excel at CDP disclosure and lead the transition to a 1.5-degree, nature-positive economy. Catch up on our five key recommended actions in this blog.

CDP in the news

Which decisions will define this decade of the climate crisis? Co-founder and Chair of CDP, Paul Dickinson, sat down with CNBC to discuss where we are and how attitudes have changed around the world.

The cost of water risks to business could be five times greater than the cost of acting now to address those risks. Cate Lamb (Director, Water Security) co-authored an article for the World Economic Forum, exploring practical steps for financial institutions to have a positive impact on water security.

In a recent report, CDP found that only one-third of companies reporting on forests to CDP have a public no-deforestation policy. Thomas Maddox (Director, Forests and Land) co-authored this comment for Reuters on the urgent need for companies to end deforestation in supply chains.

Read more about how companies can get ahead of incoming regulation with climate transition plans – roadmaps setting out how to align corporate activity with 1.5 targets – in this piece for Business Green.

Events

Convening CDP Global Supply Chain Members at GreenBiz VERGE22 Conference

We have a once-in-a-lifetime opportunity to leverage the power of technology to address the climate crisis and build a clean economy. We are proud to be Convening Partners at VERGE 22: the leading climate tech event.

Join thousands of leaders — from business, government, solution providers and startups — working together to address the climate crisis across six strategic areas: clean energy, sustainable transportation, carbon removal, regenerative food systems, net-zero buildings and the startup ecosystem.

Register today and use the code V22CDP at registration for 20% off the pass type of your choice: https://bit.ly/3z3osZb

Date: October 24-25, 2022