Carbon Disclosure Project (CDP)
Founded in 2000, the Carbon Disclosure Project is an international non-profit that runs a global disclosure system for investors, companies, and governments to report on their environmental impacts. As of April 2022, more than 13,000 companies and 1100 cities, states and regions have made environmental disclosures through the CDP. The organization “takes the information supplied in its annual reporting process and scores companies and cities” measuring “corporate and city progress and incentivize action on climate change, forests and water security.”
The CDP has three separate business questionnaires (which are aligned with TCFD recommendations) for: (1) climate change, (2) forrests, and (3) water security:
The Climate Change Questionnaire focuses on such issues as how the company’s corporate governance structure addresses climate change; how the company identifies climate risks and opportunities; and a wide variety of emissions-related information – including emissions methodology, targets/performance, scope 1, 2 and 3 data, and how the company breaks down emissions data.
The Forrest Questionnaire is split into nine categories, focusing on such issues as the current state of the company's impact on forests, whether the company undertakes a forests-related risk assessment, how the organization is governed to best aid the environment, and the company's business strategy and how it will aid the environment.
The Water Questionnaire is composed similarly to the forrest questionnaire, with ten categories -- including the waterways the company interacts with, the company’s impact on the aquatic environment and how much water is utilized, and the business impacts of the company’s interactions with water.
Data from the questionnaires and company rankings are publicly available on the CDP’s website.