CDP

📣🌱 This is our window to secure a #NaturePositive economy for all by 2030. With less than 100 days until #COP16, Business for Nature coalition has published a business statement outlining five high-level policy recommendations for governments to accelerate the implementation of the #Biodiversity Plan to drive corporate #Nature action. CDP was delighted to support Business for Nature to develop these recommendations, with robust environmental disclosure at their heart. The statement, endorsed by 130 businesses and financial institutions with combined revenues of $1.1 trillion, calls on governments to adopt policies to: 🌎 Make sure business and financial actors protect nature and restore degraded ecosystems 🌎 Ensure sustainable resource use and management to reduce negative environmental impacts 🌎 Value and embed nature in decision-making and disclosure 🌎 Align all financial flows to transition to a nature-positive, net zero and equitable economy 🌎 Adopt or strengthen ambitious global agreements to address key nature loss challenges It’s time for governments to create an enabling regulatory framework and put nature at the heart of decision making. 🔗 Find out more: 

Small and Medium Enterprises (SMEs) account for around 90% of global business. That’s why this year we've introduced a dedicated questionnaire for SMEs, making it easier for them to understand where to focus attention, build capacity and generate the data they need to act. Find out more: https://ow.ly/2CmH50SBcRh

This year we've made some changes to our corporate questionnaire. We want to empower organizations to better assess the environmental risks, impacts and opportunities in line with incoming regulation.   Organizations reporting on more than one environmental theme this year will now use a single questionnaire rather than three individual questionnaires. CDP's corporate questionnaire is made up of 450 questions, and it’s dynamic, so it presents only relevant questions, without duplication, alongside our incorporated guidance.   Our questionnaire is designed to create the data needed to act. We ask the right questions to ensure that capital markets, procurement teams and the data ecosystem have decision-useful environmental data.   Learn more about the changes we've made this year: https://lnkd.in/eJBRan9S

Although Africa’s contribution to greenhouse gases is relatively low historically, it is vulnerable to the effects of extreme weather. Explore our 2023 snapshot of South African companies to find out how they are taking action: https://lnkd.in/evrywytf Brundtland Consulting

Closing the green financing gap is key to safeguarding our economy - and 1 in 10 companies across Europe & UK now gain more than half their revenue from low carbon products. Still, one-third report concerns accessing capital. CDP Director of Thought Leadership Sue Armstrong Brown joined Oliver Wyman and industry experts during London Climate Action Week to discuss how this data from the CDP Europe Report 2023 illuminates solutions. Watch a quick recap below.

🚀 As a partner of the Science Based Targets Network, we're pleased to announce the main 2024 release of new and updated guidance for companies to set science-based targets for nature, informed by SBTN’s trail-blazing cohort of pilot companies. 🎉 This guidance enhances the feasibility and practicality of SBTN’s methods while maintaining ambition and scientific rigor. New resources to improve accessibility and drive action have also been introduced, including a comprehensive corporate manual that serves as an entry-point into the technical guidance. SBTN’s target validation pilot has highlighted key benefits of target-setting and reinforced that SBTN is closing a critical gap in corporate sustainability: 🌟 Increases ambition and drives science-based action on nature  🤝 Provides credibility and a common language to advance engagement with stakeholders  🧭 Acts as a trusted compass for companies to get to the right solutions Stay tuned for more updates from SBTN in September, where they'll share key outcomes and lessons learned to pave the way for the next generation of targets. Explore the latest updates and resources:  https://lnkd.in/gSzA6Yb9  #SBTN #ScienceBasedTargets #ForNature #NaturePositive

🌍83% of cities are already facing significant climate hazards such as extreme heat and flooding. Latest CDP data shows that: ➡️Over half of cities report flooding (58%) and extreme heat (54%) as hazards, making them the worst climate hazards facing urban areas. ➡️Around 2/3 of cities expect hazards to become more intense and frequent. The disclosure of environmental data by cities, states and regions is critical to ensuring global action and accountability on environmental action. We need more, and better, disclosure as data is essential to build an accurate picture of progress and develop robust plans for adaption and mitigation. Disclose through CDP-ICLEI Track today: https://ow.ly/4SEy50Syw3m

Radhika Mehrotra, CDP’s Associate Director of Capital Markets in North America, contributed an article in Preqin on benchmarking insights on climate transition and nature for private companies from CDP data. Asset owners and fund managers stand to benefit from such standardized and decision-useful data – not only for compliance purposes, but towards implementing the net zero transition and driving sustainable finance. 

Just three months ahead of the UN Biodiversity Conference COP16 taking place in Cali, Colombia, a new practical guide will make it easier for financial institutions to exercise deforestation due diligence. Containing clear guidelines and a practical step-by-step approach, the guide helps FIs to make deforestation-related data actionable and due diligence more efficient. Read more below ⬇

Excited to announce the launch of the CDP and Boston Consulting Group (BCG) 2023 Supply Chain Report! Our latest report uncovers critical insights into Scope 3 emissions, revealing that supply chain emissions are on average 26 times higher than operational emissions. This highlights the urgent need for comprehensive management and strategic action. Key findings include: ➡ Corporates with an internal carbon price that is mandated for all business decisions are 4.1x more likely to have a 1.5°C-aligned transition plan with a Scope 3 target (upstream). ➡ Corporates with climate-responsible board are 4.8x more likely to have a 1.5°C-aligned transition plan with a Scope 3 target (upstream). ➡ Corporates that engage with suppliers are 6.6x more likely to have a 1.5°C-aligned transition plan with Scope 3 target (upstream).   This report is essential for organizations committed to reducing their environmental impact and to align with global sustainability goals.  Disclosing actionable data is essential for increasing access to capital, driving business efficiency and ensuring compliance. Every organization must be guided by data to understand the environmental risks they face and take urgent action if they are to thrive.     Dive into the full findings and discover how your organization can lead in sustainability here: https://lnkd.in/e-6A8Aab