CDP – Carbon Disclosure Project

CDP – Carbon Disclosure Project

As the world becomes more aware of the effects of climate change, companies come under increasing pressure to take action to reduce their greenhouse gas emissions and mitigate the effects of climate change.

What is the Carbon Disclosure Project (CDP)?

The Carbon Disclosure Project (CDP) is a non-profit assessment system that aims to tackle climate change by encouraging companies to disclose their greenhouse gas emissions and climate change strategies. The Carbon Disclosure Project makes ratings under the following three main topic:

• Climate change

• Water security

• Forests

The organization uses a sector-specific reporting framework that is updated annually and scoring criteria are updated. Within the scope of reporting, scoring is made according to the public disclosures and performances of the companies. The purpose of scoring is to rank companies and provide information to investors and other stakeholders about a company’s environmental performance.

Importance of CDP Evaluation

As more and more companies become sensitive to climate change, the participation rate in CDP is also increasing. In order for companies to remain competitive in the market, it is becoming more and more important that they make impact assessments and disclose their emissions transparently. Joining the CDP is important for companies for the following reasons:

Risk management: Climate change poses a significant risk for organizations. These risks include financial losses, reputational damage and facing legal liabilities. Companies consider risk management from the perspective of climate, finance and environment and develop strategies through studies such as emission measurements, biodiversity and TCFD.

Investor participation: Investors expect the companies they work with to be more sustainable and to explain transparently in the field of sustainability. These expectations are made easier to monitor with CDP reporting.

Competitive advantage: Competition is a prominent issue among organizations in the field of sustainability, as it is in every field. Organizations can use CDP scores and targets as a positive tool within their industry. The A list category created for companies that score A in the CDP scoring serves as an important tool in this regard.

Resource efficiency: Joining the CDP helps companies identify and reduce inefficiencies in their operations. Thanks to the improvements as a result of the examinations made, cost savings and productivity increase are achieved.

Improved performance: Organizations setting targets for their sustainability performance by participating in the CDP provides a great advantage in terms of continuous traceability and performance improvements. The answer to the question sets every year encourage organizations to achieve their goals and take initiative.

We as Enexion Group:

With the strength of our experience in strategic carbon management and sustainability projects, we support you in developing action plans for climate change and water security risks and managing the process more accurately by strengthening your sustainability approaches in our CDP consultancy service.

We measure your current corporate emissions using industry-accepted standards (GHG Protocol, ISO 14064).

We enable you to increase your CDP scores by monitoring your carbon emissions, setting targets and creating roadmaps to reduce them.