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The latest insights from CDP, the global environmental disclosure system

Our new Global Supply Chain Report Engaging the Chain: driving speed and scale, launched in February, found that while 71% of companies report their Scope 1 and 2 emissions, only 20% report on Scope 3 (purchased goods and service emissions). More must urgently be done to cascade climate action throughout the supply chain.

In 2021, suppliers reported that engagement from CDP Supply Chain members directly drove 231 million tCO2e of emissions reductions initiatives. To help companies kickstart this crucial process of engaging their supply chain, together with BCG we have developed the Sustainable Procurement Pathway. This scalable framework is designed to help companies achieve a consistent reduction in environmental impacts across their value chain.

Cascading action down the supply chain: how our accredited solutions providers can help you calculate and reduce your footprint

CDP’s 2021 Global Supply Chain Report found overall that most companies are not engaging with their suppliers on climate change, water security and deforestation (only 38%, 16% and 47%, respectively). Engaging suppliers and calculating Scope 3 emissions is a vital step in working to minimise your business’s impact on the environment and ensuring it can continue to prosper as we transition to a low-carbon, sustainable economy. Our accredited solutions providers offer a wide range of services and sector expertise to support these efforts.

This climate action can help cities and businesses alike advance goals

The climate crisis presents a monumental challenge that no single company or city can confront on its own. With the passage of the Bipartisan Infrastructure Framework, we are seeing cities and states pursue sustainability projects in North America with renewed momentum. But it will take collaborative climate action between companies, governments and investors to get these projects off the ground.

How the finance sector can boost sustainability and inclusivity all at once: a conversation with Jamie Jones Ezefili

Climate change is a present and future risk that we cannot curb without first addressing inequities within society. Lori Llewellyn, Acting Managing Director, CDP North America, sat down with Jamie Jones Ezefili, Vice President of Corporate Social Responsibility at Northern Trust, to discuss the responsibilities of businesses and government in taking a 360-degree approach to addressing climate change and how we can have a more intergenerational scope on environmental action.

Four steps for reducing Scope 3 emissions and accelerating action through your supply chain

Systemic deforestation drivers, that time and time again fail to be addressed, can only be adequately tackled if all stakeholders take a united approach under a collective goal. This is where LA/JA come in, providing a management framework that can integrate the actions of multiple stakeholders within a landscape towards a shared goal. Learn more about how companies can meet their no-deforestation commitment while aligning their goal with the local government's vision for a sustainable future.

Ecometrica’s TCFD Climate Risk Assessment

An increasing number of countries and reporting frameworks are asking for Task Force on Climate-related Financial Disclosure (TCFD) aligned climate risk disclosures in the annual reporting process. CDP has incorporated TCFD’s recommendations into its disclosure cycle, and investors are asking businesses to prove their future resilience and sustainability using TCFD alignment.

CDP in the news

Bloomberg and Forbes were among the outlets reporting on CDP’s 2021 Supply Chain Report, quoting Sonya Bhonsle (Global Head of Value Chains & Regional Director Corporations).

Nicolette Bartlett (Chief Impact Officer) spoke to Business Green on the need for companies to prepare themselves for the impacts of climate change and show that they have the ability to adapt.

Laurent Babikian (Joint Global Director of Capital Markets) wrote for IPE, exploring specific actions that companies, capital markets and regulators must take to accelerate the transition to a net-zero, nature-positive economy.

The Wall Street Journal featured CDP research on supply chain emissions, and spoke to Simon Fischweicher (Head of Corporations and Supply Chains for CDP North America) on Scope 3 disclosure for small and medium enterprises.

Thomas Maddox (Global Director of Forests and Land) was quoted in ESG Investor on methods that companies can use to work with supply chains, such as landscape and jurisdictional approaches.

Events

Join CDP’s Gold Accredited Solutions Providers through March and April 2022 for a series of 30-minute webinars, designed to improve your understanding of different sustainability topics, and ask the experts any questions you may have.

Register here: https://bit.ly/3KTlutt