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4 Things Your Company Needs to Know About the Carbon Disclosure Project
 

4 Things Your Company Needs to Know About the Carbon Disclosure Project

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It's that time of year again when thousands of companies start preparing their annual Carbon Disclosure Project (CDP) Report. In 2011, more than three thousand organizations participated, and if you ...

It's that time of year again when thousands of companies start preparing their annual Carbon Disclosure Project (CDP) Report. In 2011, more than three thousand organizations participated, and if you are one of them (or plan to add your name to the growing roster), here's what you need to know:

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    4 Things Your Company Needs to Know About the Carbon Disclosure Project 4 Things Your Company Needs to Know About the Carbon Disclosure Project Presentation Transcript

    • 4 THINGS YOUR COMPANY NEEDSTO KNOW ABOUT THE CARBONDISCLOSURE PROJECTSSC Blog
    • 4 Things Your Company Needs to KnowAbout The Carbon Disclosure Project Its that time of year again when thousands of companies start preparing their annual Carbon Disclosure Project (CDP) Report. In 2011, more than three thousand organizations participated, and if you are one of them (or plan to add your name to the growing roster), heres what you need to know: www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #1. Participation in the CDP IsVoluntary (Sort of) No company is required by law or regulation to disclose their carbon emissions or climate change strategy via a CDP Report. However, many large retailers (like Walmart) and institutions (like Bank of America) are now asking their suppliers to participate. www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #1. Participation in the CDP IsVoluntary (Sort of) Additionally, investors are using the data generated by CDP to evaluate climate change preparedness and commitment to disclosure. In these volatile economic times, it pays to be uber-responsive to customers and investors. So if youre hearing rumblings about CDP, youll want to make sure you allocate enough time and manpower to crafting a good response. www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #2. Information You Submit tothe CDP Is Publicly AvailableThe fact that "disclosure" is in the name of theorganization should tip you off, but it bears repeating:anything that you submit in your CDP Report will becomepublicly available. That means people can download your full report, look at industry- aggregated data, or look at specific value chain impacts. www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #2. Information You Submit tothe CDP Is Publicly AvailableSome of this access requires a paid subscription, but thekey thing to know is that NOTHING that you submitshould be confidential, proprietary, or violate fairdisclosure laws. (Fortunately, you can choose which questions to answer. While "the more the better" in terms of your overall score, you can skip over anything that is too sensitive for the public.) www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #2. Information You Submit tothe CDP Is Publicly Available• 5/24/2012 Update: (Thanks to CDP for reaching out with clarification.) There *is* an option for companies to choose to make their CDP reports "not publicly available." If that option is selected, your information will be added to other companies responses and used for aggregate analysis, but your individual answers will NOT be available to the general public. An important caveat: if you are responding to an investor request or a supplier request (e.g. like Walmart) -- your individual answers WILL be made available to the requesting organizations -- even if you choose not to make your CDP report publicly available.• So, it bears repeating that you should carefully review your answers (preferably with your General Counsel) to ensure that you are abiding by your legal disclosure requirements. For more information about who gets to peek at your report, check out CDPs helpful guidance page. www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #3. CDP Is Not a CarbonCalculatorAbout half of the questions on the CDPAssessment are related to yourorganizations carbon footprint. It asksyou to enter in amounts for your Scope 1,Scope 2, and Scope 3 emissions(including the data, the sources that areincluded in your calculations, GHGemissions factors, and the overall GHGaccounting methodology you used).The assessment, however, does NOT tellyou how to go about calculating yourcarbon footprint--you will need toundertake that project as a separate task. www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #3. CDP Is Not a CarbonCalculatorSo if youre just getting started withthis whole CDP thing, make sure togive yourself several months inadvance to get your data in order.(If you need assistance withcalculating your carbon footprint, wecan help! We have a streamlinedprocess that will get you up andrunning in as little as 60 days,including third party validation andreview!) www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #4. CDP Is More Than JustNumbersYour carbon footprint information isjust the start of whats included in theCDP Assessment. In addition, youllneed to answer questions about theopportunities (positives) and risks(negatives) associated with climatechange, including (but not limited to): Impact of changing weather patterns Geographical impacts Impact on products and services Supply chain impacts www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • #4. CDP Is More Than JustNumbersDepending on which category you fallinto (e.g. Walmart supplier, Investor,etc.), your deadline may shift--mostare around June-July.But one thing is for certain: if youdont have a game plan for CDP, youneed to get one immediately. Dontwait until the last minute! www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • Dont wait until the last minute! We cant tell you how many frantic phone calls we field at the end of May and beginning of June--so may we suggest that you take a few minutes this month to figure out what needs to be done, who needs to be involved, and what resources youll need to deliver a great CDP response? www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • Dont wait until the last minute! If youd like a helping hand through this planning process (or want to hire us to help you calculate your carbon footprint and prepare your organizations CDP report), then contact us today. Wed love to hear from you! www.sustainabilityconsulting.com Copyright © 2012, Strategic Sustainability Consulting. All rights reserved.
    • Read this blog entry and more by visiting the SSCwebsite today:Strategic Sustainability Consulting BlogWhat are your thoughts? Join theconversation on twitter @jenniferwoofter!