Carbon Disclosure Project consultancy

We help you with CDP questionnaire, reporting and verification

What is the Carbon Disclosure Project (CDP)? 

Carbon Disclosure ProjectThe Carbon Disclosure Project (CDP) has established a global reporting framework that enables investors, corporations, local governments and their cities, states and regions to oversee their ecological footprints, enabling investors and stakeholders to incorporate environmental data into their financial decisions and procurement processes. 

Over the past two decades, CDP has evolved into the benchmark for carbon disclosure methodology and procedures, supplying fundamental climate change data to the global marketplace. CDP's online database stands as the world's largest repository of corporate greenhouse gas emissions and corporate climate change strategies. 

CDP benefits 

Going through the process of responding to the CDP questionnaire allows companies to start measuring and managing their emissions, and to do so through a standard that is already aligned with several other reporting frameworks (ISO 14064-1, GRI, SDGs, TCFD), thus being implicitly facilitated to disclose with them. 

Amidst the growing worldwide emphasis on sustainability disclosure, CDP's reporting system plays a crucial role in providing stakeholders and investors with information while enhancing transparency. Engaging in the CDP disclosure procedure also streamlines the recognition and proactive handling of potential climate change, forest, and water-related risks and opportunities. 

How RINA support with CDP reporting framework 

Disclosing to CDP can be demanding and time-consuming. 

RINA assists clients by providing a clear understanding of CDP requirements, aiding in the preparation of comprehensive responses, conducting a thorough review of CDP scoring methods and guidance documents, and optimizing the data collection processes. 

Our service for the CDP activity consists of the following steps: 

Why choose RINA for CDP reporting and verification? 

RINA has a rich legacy in the sustainability industry. What sets RINA apart is our fusion of experience in CDP reporting with a proven history of delivering top-notch sustainability services across a diverse range of industries. 

Our specialized team of sustainability assists clients in elevating the quality and rating of their CDP disclosure, offering both consultancy and verification services.  

We support clients at any phase of the reporting process, whether it's their initial step into disclosure or an effort to enhance an existing report. 

CDP is committed to driving greater consistency across other frameworks and standards, and has therefore aligned its questionnaires with as many frameworks as possible, including primarily the Task Force on Climate-Related Financial Disclosures (TCFD), the Initiative for Global Reporting (GRI), the Sustainable Development Goals (SDGs). This reduces the disclosure burden for companies and translates into various benefits, starting with greater transparency towards stakeholders.  

Indeed, being now recognized as the main tool for disseminating information and evaluating climate strategies, investors and financial entities increasingly make investment and partnership decisions based on the CDP score obtained by companies.  

Finally, in addition to the score, CDP releases personalized feedbacks and suggestions on which actions to focus on to improve the path to mitigating its climate impact, therefore carrying out a real consultancy activity for each company or entity that participates. 

Data transmission is voluntary, but CDP can request companies or entities to transmit data on behalf of investors or stakeholders.  

In fact, companies that are already members of the CDP or other investors can request companies within their supply chain to disclose their environmental impacts and commitments.  

This request arises from the need to make increasingly conscious choices on the environmental side, thus also on the choice of one's suppliers. 

The CDP is a collector of information that companies often struggle to find. Many companies today are still at a standstill or are taking their first steps in terms of environmental commitment, thus obtaining information on internal emissions, reduction objectives, scenario analysis, risks and opportunities is not always an easy task. 

For this reason, it is necessary for companies and organizations that decide to participate to begin collecting information early through the involvement of all internal units. 

Giorgio Urbano


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