After COP21 and the historical Paris agreement, many companies have begun setting more ambitious climate change targets. To reflect this momentum, CDP has amended its guidance on what constitutes an active target which can be reported through the CDP questionnaire in 2016. It has published this updated version of guidance for companies reporting on climate change.
In summary, CDP will now be accepting new targets that were not active during the reporting year, so companies can also report any targets set after the reporting period with base year 2016. It is important to note that, if companies are setting targets with 2016 as a base year, this will only be accepted if their reporting year aligns with their financial reporting year (e.g. from April 2015 to March 2016).
For further details please have a look at the relevant section of the guidance (p.35), and you may also want to revisit the other useful resources CDP provides for responders to the questionnaires.
In addition, CDP’s scoring team have uploaded a webinar to explain how to help companies translate their previous years’ scores into an estimate of their score in 2016 using a new mapping tool. The webinar and mapping tool are listed on CDP’s scoring information section on our climate change guidance page.
CDP has accredited Greenstone as an official Climate Change Software partner as part of its partnership programme. This partnership provides Greenstone’s clients with a CDP accredited software platform to collect, manage, analyse and report non-financial information. Greenstone’s Enterprise solution includes the CDP reporting questions, which simplifies the reporting process for organisations and enables them to collect the exact data required for reporting to CDP.