Carbon Disclosure Project (CDP)
"When GreenTech Inc. disclosed its carbon emissions and water usage through the CDP, it significantly enhanced its environmental transparency. This effort provided investors with critical data on the company's sustainability performance, leading to increased trust and investment."
Definition
The CDP is an international organization that has set a framework of standards for environmental reporting, including climate change, water security, and deforestation. The CDP works with individual companies, cities, and large regions to report their environmental information and receive a score based on their responses, serving to benchmark their performance, promote transparency into their operations, and identify risks and opportunities related to climate change.
Related terms
