CDP 2017 wrapped up at the of July. With the end of reporting season, focus now turns to next year’s disclosure. Each year CDP updates questionnaires in an effort to increase the quality and transparency of company disclosures, as well as to keep up with changing best practice in sustainability reporting.
CDP annual questionnaires are underpinned by two fundamental principles; the data requested needs to be impactful for investors and other data users, and should drive improved environmental stewardship.
With this in mind, CDP have overhauled the 2018 questionnaire, the changes of which are undergoing a second stakeholder consultation process at the moment. Final questionnaires and scoring methodologies are not due for release until the end of the year. CDP disclosure focuses on the previous reporting year so if you are thinking about how to prepare for the changes to the questionnaire, the time to do it is now. We’ve highlighted some of the most important changes below.
The questionnaires have been updated to reflect two key areas:
There are several key areas for which companies will need to gather additional information in order to respond effectively:
We will keep you updated on the changes and how to approach CDP 2018 when we have more information at the end of the year. If you have any questions in the meantime, get in touch.
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