Carbon Disclosure Project

Carbon Disclosure Project
Name	Carbon Disclosure Project
Headquarters	London, United Kingdom
Key people	Paul Dickinson, Tessa Tennant

Carbon Disclosure Project is an international non-profit organization that aims to promote transparency and accountability in the reporting of greenhouse gas emissions and climate change strategies by companies and cities. The organization works with investors, companies, and governments to disclose environmental impact and sustainability performance, and is supported by organizations such as the World Wildlife Fund, The Nature Conservancy, and the United Nations Environment Programme. The project's work is closely aligned with the goals of the Paris Agreement, the Sustainable Development Goals, and the European Union's Climate Action policies.

Introduction

The Carbon Disclosure Project is a key player in the global effort to address climate change, working with companies such as Microsoft, Google, and Unilever to disclose their greenhouse gas emissions and sustainability performance. The organization's work is informed by the latest research from institutions such as the Intergovernmental Panel on Climate Change, the National Oceanic and Atmospheric Administration, and the University of Oxford. The project's goals are also supported by initiatives such as the Task Force on Climate-related Financial Disclosures, established by the Financial Stability Board and chaired by Michael Bloomberg. The project's work is closely watched by investors such as BlackRock, Vanguard, and State Street Global Advisors, who use the data to inform their investment decisions.

History

The Carbon Disclosure Project was founded in 2000 by Paul Dickinson and Tessa Tennant, with the support of organizations such as the Rockefeller Foundation and the John D. and Catherine T. MacArthur Foundation. The project's early work focused on companies in the Fortune 500, including ExxonMobil, Royal Dutch Shell, and BP. Over time, the project has expanded to include companies from around the world, including China's Sinopec, India's Tata Group, and Brazil's Vale. The project has also worked with governments such as the United States Environmental Protection Agency, the European Commission, and the Australian Government's Department of the Environment and Energy.

Methodology

The Carbon Disclosure Project uses a rigorous methodology to collect and analyze data on greenhouse gas emissions and sustainability performance. The project's questionnaire is designed to elicit detailed information on companies' climate change strategies, including their emissions reduction targets, renewable energy investments, and climate-related risks and opportunities. The project's data is then scored and ranked using a proprietary algorithm developed in collaboration with consulting firms such as McKinsey & Company and Boston Consulting Group. The project's scores and rankings are widely used by investors, companies, and governments to inform their investment decisions and policy-making.

Impact and Influence

The Carbon Disclosure Project has had a significant impact on the global effort to address climate change, influencing the policies and practices of companies and governments around the world. The project's work has been recognized by organizations such as the United Nations, the World Bank, and the International Energy Agency. The project's data and insights have also informed the development of policies and regulations such as the European Union's Sustainable Finance Disclosure Regulation and the United States Securities and Exchange Commission's climate risk disclosure guidance. The project's work is closely watched by media outlets such as the Financial Times, The New York Times, and Bloomberg.

Partnerships and Collaborations

The Carbon Disclosure Project works in partnership with a wide range of organizations, including companies such as Apple, Cisco Systems, and Procter & Gamble, as well as investors such as CalPERS and New York State Common Retirement Fund. The project also collaborates with governments such as the Government of Canada, the Government of Australia, and the Government of Japan, as well as international organizations such as the International Labour Organization and the World Health Organization. The project's partnerships and collaborations are designed to promote the adoption of sustainable practices and climate-friendly policies around the world.

Reporting and Scoring

The Carbon Disclosure Project publishes an annual report on the sustainability performance of companies and cities around the world. The project's report includes detailed data and analysis on greenhouse gas emissions, renewable energy investments, and climate-related risks and opportunities. The project's scores and rankings are based on a proprietary algorithm that assesses companies' climate change strategies and sustainability performance. The project's scores and rankings are widely used by investors, companies, and governments to inform their investment decisions and policy-making. The project's data and insights are also used by research institutions such as the University of Cambridge and the Massachusetts Institute of Technology to inform their research on climate change and sustainability.

Category:Environmental organizations