CDP discussion paper for companies (2023)

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Transition plans are a vital tool to demonstrate to investors and stakeholders that an organization is committed to achieving a 1.5-degree pathway, and that its business model will remain relevant (i.e., profitable) in a net-zero carbon economy.

CDP has produced a discussion paper for organizations to ensure their business model aligns with a net-zero economy. The high-level summary reviews and reflects the thinking drawn from other existing frameworks and related benchmarks, such as the Assessing the Low-Carbon Transition (ACT) framework, Science-Based Targets Initiative, Transition Pathways Initiative (TPI), CA100+ and the Climate Safe Lending Network.

Very few companies currently have a credible climate transition plan

Transition plans enable an organization to outline how it will deliver on its strategy to align with the latest and most ambitious climate science recommendations and keep themselves in line or ahead of relevant policy goals for the organization

A climate transition plan is a time-bound action plan that clearly outlines how an organization will pivot its existing assets, operations, and entire business model towards a trajectory that aligns with the latest and most ambitious climate science recommendations. i.e., halving greenhouse gas (GHG) emissions by 2030 and reaching net-zero by 2050 at the latest, thereby limiting global warming to 1.5°C.

Transition plans will be fundamental in catalyzing action needed to achieve a sustainable economy and are therefore at the heart of CDP's strategy. We want to do more to encourage and support companies to establish credible transition plans, underpinned by science-based targets - CDP is continually working to refine and develop guidance on transition plans, as well as measure performance against them.

CDP have created a technical note to provide guidance on how organizations disclosing through CDP can demonstrate that they have a credible climate transition plan in place.

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'Are companies being transparent in their transition?'
2021 Climate Transition Plan disclosure

CDP's 2021 report shines a spotlight on how far along organizations are on their journey to developing climate transition plans and what key elements are being reported on. The report homes in on disclosure trends to targets and financial planning, and looks at industry and geographical trends across all climate transition plan elements.

Financial services, power, and, fossil fuels were the top-performing industries with the highest rates of climate transition plan disclosure.  5% of organizations in each of these sectors reported to all the key climate transition plan indicators. Whereas, the transportation services (0.3%) and apparel (0.2%) industries had the lowest disclosure rates, to these key indicators.

CDP discussion paper for companies (1)

The report analyzes data from over 117 countries whose companies disclosed in 2021, Spain, France, and Japan had the highest proportion of organizations disclosing to all the key indicators, yet at only 4%, 3%, and 2% respectively. The country with the worst-performing organizations are Indonesia, Saudi Arabia, Argentina and China.

Spotlight on UK disclosure

During COP26 The UK Government became the first to announce mandatory transition plan disclosure for listed companies and financial institutions by 2023. This reflects the growing interest from investors, customers, and employees in how organizations plan on tackling the climate crisis and transitioning their business model to one that aligns with a 1.5°C world.

CDP is here to help; our discussion paper as well as workshops, and Reporter Services available for companies in the UK are all useful tools to be utilized when developing and disclosing credible climate transition plans.

On the 25th of April 2022, the UK Government launched its Transition Plan Taskforce which CDP is proudly a part of the aim is to develop a gold standard for climate transition plans. Being part of the task force will help ensure that CDP’s disclosure platform remains in line with regulatory changes within the UK and will continue to provide UK companies with a platform to disclose elements of their climate transition plans.

Organizations 2021 UK climate transition plan disclosure

Download discussion paper

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In partnership with Say on Climate.

Guidance for companies

How CDP is aligned to the TCFD

Recorded webinars

Thursday, 31 March, 09:00 GMT, 16:00 GMT

Reporting on your climate transition plan

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This webinar builds on the technical note that provides guidance on how organizations disclosing through CDP can demonstrate that they have a credible climate transition plan in place. CDP's technical experts will cover the concept of corporate climate transition plans, and outline questions in the 2022 CDP Climate change questionnaire that relate to credible climate transition plans.

Wednesday, 08 December, 14:00 - 15:00 GMT

Climate transition plans: Critical to keep companies accountable for net-zero

Watch this webinar to find out more information on how companies can create a credible climate transition plan.

Frequently asked questions

Why are climate transition plans important and why should we disclose on them?

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Climatetransition plans are a vital mechanism for organizations to demonstrate toinvestors and other stakeholders that they have developed a strategy that willkeep their business on the pathway to 1.5 oC,and remain profitable in a net-zero economy. With increased stakeholderinterest, investor awareness, and an evolving regulatory landscape, climate transitionplans enable organizations to manoeuvre through these developments and stayahead of the curve.

Climatetransition plan disclosure is vital as you cannot manage what you don’t measure.The TCFD’s consultation on its guidance “Climate-Related Metrics, Targets,and Transition Plans” found that ‘96% of users agree that disclosure oftransition plans is useful and yields many benefits1.

Disclosurewill also help capital markets to understand whether an organization is taking theaction required to align with ambitious climate science recommendations.Therefore, climate transition plans and reporting on forward-looking indicatorsand metrics will increase investor confidence in organizations' forward-lookingclimate-related planning and ability to stay relevant (i.e., profitable) in anet-zero carbon economy.

What guidance can CDP offer disclosing organizations on the development of climate transition plans?

On this page you will find guidance materials on developing and disclosing credible climate transition plans.

This includes

Does CDP's definition and guiding principles and elements of a climate transition plan apply to all organizations?

Although there will be differences in the climatetransition plan journey across various industies our current definition andguiding principles are broad and aim to apply to most organizations. Ifdisclosing organisations require more in-depth climate transition planprinciples and methodologies that are also sectoral, we would encourage them tocontact ACT.

For SMEs and emergingmarkets certain elements of a climate transition plan may be more difficult torealise and disclose on. We have still attempted where possible to make theguiding principles and elements of climate transition plans as accessible toall.

CDPhas teamed up with accredited external solution providers that offer a range ofsupport to companies on their journey to environmental leadership. We wouldrecommend reaching out to our Partnerships team to find out which externalsolutions providers can offer you the best guidance. Pleaseemail [emailprotected] to find the most suitable provider for yourbusiness’s journey to environmental leadership.

Should we make our climate transition plans public, and how often should we review them?

Ourcurrent position is that publishing a climate transition plan is not required,what is required is that the plan is integrated into a business’ mainstreamfillings and overall business strategy. That being said, publishing a climatetransition plan may be looked on positively by stakeholders, investors, andshareholders and the Say on Climate Initiative requires that at the very least companies publish an annual update forshareholders to review.

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Inorder to be aligned with the TCFD recommendations, organizations should review their climate transitionplans every five years for continuous relevancy and efficacy. The TCFD alsonotes that progress against the plans should be reported annually, alongsideany material, substantive changes to the plan be reported annually (ifrequired).

FAQs

How can I improve my CDP score? ›

Improve your CDP score
  1. Unify your organization around sustainability. Any ESG tracking and reporting effort will run more smoothly if all parts of your organization function together to support its vision of sustainability. ...
  2. Move from risk to opportunity. ...
  3. Set and reach specific targets. ...
  4. Share results.
14 Apr 2021

What is a CDP score for companies? ›

By scoring companies and cities, CDP aims to incentivize and guide them on a journey through disclosure towards becoming a leader on environmental transparency and action. 2021 company scores are now available.

How many questions are on the CDP climate change questionnaire? ›

Twenty-six modified questions for financial services sector organizations across the questionnaire.

What is CDP Scoring Methodology? ›

The scoring of CDPs questionnaires is conducted by accredited scoring partners trained by CDP. CDP's internal scoring team coordinate and collate all scores and run data quality checks and quality assurance processes to ensure that scoring standards are aligned between samples and scoring partners.

How many questions are on the CDP questionnaire? ›

In 2022, the total number of questions has gone up to 130. Since companies can take different paths, no one company will respond to all 130 questions.

Are CDP scores public? ›

Search CDP's database for any company's public response and scores. All public responses and scores can be viewed through our search functionality here. You will need to register or sign in first before searching for the company you are interested in.

How many companies use CDP? ›

Transparency is the bedrock for action. Join the 13,000+ companies disclosing through CDP to gain competitive advantage, tackle environmental risks and find new opportunities.

Why do companies need a CDP? ›

A CDP can intake CRM data and enrich it with other data sources across the enterprise to form complete customer profiles, and then set rules for automation that can run back through the CRM.

What are CDP examples? ›

Types of Customer Data Platforms

Some of the newest CDPs to the market include marketing cloud providers such as Salesforce, Microsoft and Oracle. Due to the popularity of customer data platforms, these providers have recently launched their own CDP solutions and offer powerful integrations within their own platform.

What are three questions about climate change? ›

  • Is it climate change, global warming, or global climate crisis? ...
  • Is climate change caused by humans? ...
  • What are the main threats of climate change? ...
  • How is climate change affecting animals? ...
  • How is climate change affecting people? ...
  • How is climate change affecting the ocean? ...
  • How is climate change affecting farms and our food?

Is CDP and TCFD aligned? ›

As a result, CDP has the largest TCFD-aligned environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.

What does CDP stand for? ›

Carbon Disclosure Project
FormerlyCarbon Disclosure Project
Websitewww.cdp.net
1 more row

Is CDP a framework or rating? ›

CDP is a popular voluntary reporting framework that companies use to disclose environmental information to their stakeholders (investors, employees and customers).

What does F mean in CDP? ›

Rather, a score may simply reflect that the company failed to promptly or fully disclose information with CDP. For example, for 2020, Amazon (AMZN) was given a score of “F” by CDP because it did not respond to CDP's requests for information.

What companies use CDP? ›

[London, December 8, 2020], Over 300 companies including AstraZeneca, Danone, Firmenich, HP Inc, KAO Corporation, Klabin S/A, Mars, Symrise AG and Mitsubishi Electric have today been named on this year's A List by environmental non-profit CDP.

What is the difference between CDP and GRI? ›

In addition to climate change and water, CDP engages with companies on their production and use of forests risk commodities. These are commodities most responsible for deforestation globally. GRI does not cover this area specifically.

What is CDP sustainability? ›

We focus investors, companies, cities and governments on building a sustainable economy by measuring and acting on their environmental impact. CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

What is CDP water? ›

CDP's work with water security motivates companies to disclose and reduce their environmental impacts by using the power of investors and customers. The data CDP collects helps influential decision makers to reduce risk, capitalize on opportunities and drive action towards a more sustainable world.

Is CDP reporting mandatory? ›

10 2022 – New York: Acknowledging the vital role of disclosure around environmental impact, the White House Council on Environmental Quality announced today that major federal suppliers will now be required to disclose their environmental impacts through CDP, the global non-profit that runs the world's environmental ...

How many US companies report to CDP? ›

18,700+ companies representing half of global market capitalization and more than 1,100 cities, states and regions disclose data through CDP on climate change, deforestation and water security.

Is CDP accredited? ›

Through an accreditation process which verifies their credentials, CDP has built a reliable network of accredited solutions providers worldwide.

Which CDP is the best? ›

List of Best Customer Data Platforms
  • Oracle CX Marketing.
  • ActionIQ.
  • Totango.
  • Insider.
  • Tealium AudienceStream CDP.
  • Blueshift.
  • Emarsys.
  • Listrak.
25 Oct 2022

Can a CDP replace a CRM? ›

A CDP is Not a CRM Replacement.

Does Amazon report to CDP? ›

Amazon had been shamed with an F grade for failing to disclose until this past year, when it submitted to CDP's questionnaire for the first time. But unlike the majority of companies pressured by investors to disclose, Amazon asked that its report not be shared publicly.

What problems does a CDP solve? ›

CDPs solve the problem of having more than one source of customer data and meet the business challenges around. Tailoring customer experiences and journeys that immerse with different technologies. Having a CDP can help businesses overcome the challenge of managing customer data from multiple sources.

How does a CDP collect data? ›

A CDP can collect data from a range of different sources, such as websites, mobile applications and customer relationship management systems (CRMs). The data is collected via application programming interfaces (APIs), event trackers (e.g. JavaScript tags and SDKs), server-to-server integrations and manual imports.

How many types of CDP are there? ›

According to Gartner, there are four types of CDP: Marketing Cloud, Smart Hub, Marketing Data Integration, and CDP Engines and Toolkits.

What are the components of a CDP? ›

A CDP Private Cloud Data Services deployment comprises components such as an environment, a Data Lake, the Management Console, and Data Services such as Data Warehouse, Machine Learning, Data Engineering, and Replication Manager.

Is CDP same as CRM? ›

While both CRMs and CDPs collect customer data, the main difference between them is that CRMs organize and manage customer-facing interactions with your team, while CDPs collect data on customer behavior with your product or service.

What is the best answer for climate change? ›

Invest in renewable energy.

Changing our main energy sources to clean and renewable energy is the best way to stop using fossil fuels. These include technologies like solar, wind, wave, tidal and geothermal power.

What are the 3 biggest factors contributing to climate change? ›

Burning fossil fuels, cutting down forests and farming livestock are increasingly influencing the climate and the earth's temperature. This adds enormous amounts of greenhouse gases to those naturally occurring in the atmosphere, increasing the greenhouse effect and global warming.

What is the best question to ask about climate change? ›

Frequently Asked Questions About Climate Change
  • What is the difference between weather and climate?
  • What is climate change?
  • What is the difference between global warming and climate change?
  • What is the difference between climate change and climate variability?
19 Aug 2022

What are the four pillars of TCFD? ›

It is organized around the four core TCFD pillars: governance, strategy, risk management, and metrics and targets.

Will TCFD become mandatory? ›

For large businesses that will be required to report for accounting periods on or after 6 April 2022, it is important that they implement procedures for gathering the information and data that will allow them to provide clear and accurate TCFD-aligned disclosures.

What are the 11 TCFD recommendations? ›

The TCFD's 11 disclosure recommendations span four different areas: governance, strategy, risk management, and metrics and targets.
...
What are the challenges and how can Swiss companies prepare?
  • Gap analysis and peer benchmarking.
  • Stakeholder engagement.
  • Climate risk and opportunity assessment.
  • TCFD Roadmap design.

What is CDP message? ›

The Cisco Discovery Protocol (CDP) is a network discovery tool, which assists network administrators and engineers in identifying neighboring Cisco devices, particularly those running lower-layer, transparent protocols.

How do I choose a CDP platform? ›

How to choose a customer data platform (CDP)
  1. Identify stakeholders. Like any big project, the first step in choosing a CDP is determining who must be involved in the decision-making process. ...
  2. Outline your use cases. ...
  3. Identify which tools you need. ...
  4. Set priorities. ...
  5. Compare vendors. ...
  6. Make your selection.
7 Oct 2022

What is CDP in big data? ›

Cloudera Data Platform (CDP) is a hybrid data platform designed for unmatched freedom to choose—any cloud, any analytics, any data. CDP delivers faster and easier data management and data analytics for data anywhere, with optimal performance, scalability, and security.

What time is CDP due? ›

​What is the timeline for responding? CDP works on an annual disclosure cycle. The deadline for submitting 2022 responses to be eligible for scoring is 1 August, 2022. Companies can input information into the 2022 questionnaires via our Online Response System (ORS) from mid-April 2022.

What is CDP and CDH? ›

Customer Data Platform (CDP) vs. Customer Data Hub (CDH) | K2View.

Is Google Analytics a CDP? ›

Analytics packages anonymize individuals while CDPs collect personally identifiable information (PII), like an email address. Analytics tells you how many, not who. If your use cases require you to know a particular customer's history, you'll want a CDP.

Is Salesforce a CDP or CRM? ›

Salesforce CDP (formerly CA360) is Salesforce's CDP. Following Salesforce's core message, it unites the data from marketing, sales, commerce, service, and IT into one integrated platform.

Does CDP need CRM? ›

A CDP sits upstream of your CRM and often forwards data to the CRM to support experiences such as personalized email and triggered messaging. If you already use a CRM, adding a CDP as the foundational layer in your data stack can help enrich your CRM data and make it more valuable for sales and marketing teams.

Why is the CDP important? ›

CDPs allow marketers to build and maintain universal, omnichannel audience segmentation with the unified data in the CDP. Data provision/activation. CDPs facilitate the activation of the insights and unified customer profile generated in the CDP.

Can I link my CDP to DBS online? ›

Customers with an existing CDP account may perform the linkage during their DBS Vickers account online application. Alternatively, you can arrange for the linkage by completing this SGX Apply for/Revoke Linkage Form (found in the account opening pack) and mail it to us using this Business Reply Envelope.

How long does it take to set up CDP? ›

How long does it take to open a CDP Securities account and to activate DCS? It takes an average of 5 business days from the time you submit the account application form to the time that you receive notifications from CDP on (i) the opening of the CDP Securities account; and (ii) activation of DCS.

Can you have 2 CDP accounts? ›

This allows you to view and manage all the investments that you have made, even via multiple stock brokers, through a single CDP account. Do note that each investor can only hold one direct account with CDP.

Can I have multiple CDP accounts? ›

You may have multiple brokerage accounts, but you will always have just one CDP account. A brokerage account is an account through which you will do the buying and selling of shares.

Which broker can link to CDP? ›

Application through a brokerage firm

CIMB Securities. DBS Vickers Securities. iFAST Singapore. KGI Securities.

How many CDP account can I have? ›

Each investor can only maintain one direct account with CDP. In addition, the direct account holder must hold the securities for the benefit of himself. The direct account cannot be used for the benefit of others.

How do I get a CDP statement? ›

Request for Latest CDP Account Statement
  1. Log in to CDP Internet to download your latest statement.
  2. Contact us through our Customer Service Hotline at +65 6535 7511 or email us at asksgx@sgx.com.

Is CDP a broker? ›

CDP vs.

A brokerage account allows you to trade shares through your brokerage firm. The CDP account is where all the shares you purchase from the local stock market (i.e. the SGX) are placed. The CDP account is held directly by the investor (you) which means you are the direct owner of the shares.

What are the types of CDP? ›

According to Gartner, there are four types of CDP: Marketing Cloud, Smart Hub, Marketing Data Integration, and CDP Engines and Toolkits.

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