Expertise
Expertise
CDP Reporting
If you need to create a CDP report, CarbonSWOT will make it easier for you.
The Carbon Disclosure Project (CDP) is a global non-profit organization that operates a system for companies and cities to measure, disclose and manage environmental information. CDP collects data on carbon emissions, climate risks, and environmental performance from thousands of entities worldwide.
The information gathered through it is used by investors, businesses, and policymakers to assess environmental impact, promote sustainability, and drive efforts to address climate change. Additionally, the aggregated data from CDP reports contributes to global efforts to understand and address climate change.
A CDP report refers to the disclosure document submitted by a company or city to the system. Their questionnaire typically covers areas such as carbon emissions, water usage, deforestation risks, and other environmental metrics.
The complexity of creating a CDP report can vary depending on the size and nature of the reporting organization, as well as the specific questionnaire being used. It can arise from the depth of data required and the range of topics covered.
Key factors that contribute to the complexity of creating a CDP report:
Data Availability
The ease or difficulty of accessing and compiling the necessary data directly impacts the difficulty of creating a report. Organizations with well-established sustainability practices and robust data management systems may find the process smoother.
Organizational Size and Structure
Larger and more complex organizations may have more extensive operations, making it challenging to collect and report data accurately. Multinational corporations, for example, may need to aggregate data from various subsidiaries and locations.
Regulatory Environment
Depending on the industry and geographic location, there may be specific regulations or reporting requirements that add to the complexity of creating a CDP report.
Level of Detail
Some organizations choose to provide more detailed information, including specific initiatives, targets, and outcomes related to sustainability. These additional details can also increase the complexity of creating a report.
Experience and Resources
Organizations with experience in sustainability reporting and dedicated resources for data collection and analysis may find the process more manageable.
CDP reporting can be demanding. But it’s a valuable tool to assess and improve a business’ environmental performance and provide stakeholders with transparent and meaningful information about sustainability efforts. Many companies view it as an opportunity to showcase their commitment to environmental responsibility.
If you are among them, we at CarbonSWOT are ready to simplify this important process for you. Our tool will guide you what data to use for calculation. Then, once you input and process it through our calculator, you will receive an all-regulations-compatible emissions report. It will feature a detailed overview of your carbon footprint. Right away, you will be able to share it with all interested parties, including authorities.
But mainly, our report will also have your data organized for the CDP questionnaire. All you will have to do from then is to copy and paste it there. That’s how easy it is to create your CDP report with CarbonSWOT. Ready to try it?
CSRD Reporting
If you are subject to CSRD reporting, we can make its environmental part easy for you.
Corporate Sustainability Reporting Directive (CSRD) is an initiative by the European Union aimed at increasing transparency and providing stakeholders with detailed, reliable information on companies’ sustainability practices.
This directive is part of the EU’s broader efforts to integrate sustainability into its financial policy framework, ensuring that economic growth is aligned with environmental stewardship and social responsibility. The CSRD significantly expands the scope of the Non-Financial Reporting Directive (NFRD) it replaces, both in terms of the companies covered and the detail and scope of the reports required.
Milestones and Mandatory Reporting Phases
The phased approach to implementation is designed to allow companies adeq time to prepare for the new requirements and ensure the availability of necessary data and reporting systems.
2024
Companies that were already subject to the NFRD will start reporting under the CSRD for the financial year 2023.
2025
Large companies that were not previously subject to the NFRD will have to report under the CSRD for the financial year 2024.
2026
Listed SMEs, except micro-enterprises, will start reporting under the CSRD for the financial year 2025. There’s an opt-out clause for these companies until 2028.
2027
Non-EU companies generating a net turnover of EUR 150 million in the EU and with at least one subsidiary or branch in the EU will be required to report under the CSRD for the financial year 2026.
Key Regulations
Scope Expansion
Applies to all large companies, whether they are listed or not, including listed SMEs, banks, and insurance companies operating within the EU. It significantly increases the number of companies required to report from around 11,000 under the NFRD to nearly 50,000 companies.
Reporting Standards
Requires companies to report according to mandatory EU sustainability reporting standards, which are more detailed and comprehensive than the previous non-financial reporting requirements.
Third-Party Assurance
Mandates that reported information undergoes independent third-party assurance to increase the reliability and accuracy of sustainability reports. Digital Reporting: Introduces a requirement for digital tagging of reported information, making it easier to access and analyze sustainability data.
Characteristics
Comprehensive Coverage
Covers environmental, social, and governance (ESG) factors, providing a holistic view of a company’s sustainability performance.
Consistency and Comparability
Aims to standardize reporting across the EU, making it easier for investors and other stakeholders to compare companies’ sustainability performances.
Detail and Clarity
Requires detailed disclosures on how sustainability issues affect the company’s business model and strategy, and how the company impacts its surroundings in terms of sustainability.
If you are obliged to report under CSRD, we are here to help. CarbonSWOT’s smart GHG emissions manager fully covers the climate care part of CSRD reporting.
Additionally, our ESG experts can help you create a complete CSRD report including all necessary aspects for your business industry.
Customer Requests
Customers are increasingly requiring their suppliers to report carbon dioxide equivalent (CO2e) emissions, driven by growing awareness of environmental issues and a commitment to sustainable business practices.
Face such a siton? We are here to facilitate it for you.
With CarbonSWOT, you will be able to easily calculate your company’s carbon footprint and share a report with all interested parties.
What drives customers to request this data from their suppliers?
There are several reasons:
Regulatory Compliance
In many regions, there are regulations and standards related to greenhouse gas emissions that companies must comply with. By requiring suppliers to report CO2e emissions, customers can ensure that their supply chain partners are compliant with relevant environmental regulations, reducing the risk of regulatory fines and penalties.
Competitive advantage
With increasing awareness and concern about climate change among consumers, there is a growing demand for sustainable and eco-friendly products. Companies that can demonstrate a commitment to reducing their carbon footprint and adopting sustainable practices may gain a competitive advantage in the market.
Risk management
Climate change and environmental issues pose risks to businesses, including supply chain disruptions, resource scarcity, and reputational damage. Assessing and managing the carbon footprint of the supply chain is a proactive measure to identify and mitigate these risks.
Sustainable initiatives
Many companies are adopting Corporate Social Responsibility (CSR) initiatives as part of their commitment to ethical and sustainable business practices. Monitoring and reducing carbon emissions contribute to these initiatives, helping companies demonstrate their commitment to environmental stewardship.
Corporate Policies
Some companies establish their internal sustainability goals, including GHG emissions reduction targets, and may require suppliers to report emissions data as part of their supply chain sustainability programs. Besides, by understanding the carbon footprint of their suppliers, they can better assess the overall environmental impact of their products and services, allowing them to make informed decisions to reduce it.
Investor and Stakeholder Pressures
Companies responding to investors and stakeholders’ demands for transparency and sustainability may choose to collect emissions data from their suppliers as part of a broader environmental, social, and governance (ESG) reporting.
We advise you to assess your specific industry context, regulatory environment, and the expectations of your customers, investors, and other stakeholders. Engaging in initiatives like SBTi or following recognized reporting frameworks such as the Greenhouse Gas Protocol can also provide guidance on best practices for measuring and reporting GHG emissions.
But given the dynamic nature of these sustainability practices, the updates in regulations and industry standards are coming fast into action. All these changes and peculiarities may be hard to track.
Entrust this to professionals. With CarbonSWOT, you will always stay informed about any changes in reporting requirements, regulator and market demands, having up to date solutions adhering to them.
Calculations, Reports and Carbon reduction strategies created with CarbonSWOT will allow you to provide all necessary data to your customers and regulators in terms of climate care and even more.
Reports are also CDP applicable, and data can be used in specific customer requests and surveys.
Climate Care and ESG Rating
Key aspects of climate care may include:
Let’s dive a little deeper into the above mentioned components of ESG:
Six whys on the importance of having a good ESG Rating:
Employee Involvement
Involving employees in your company’s climate care activities is crucial. They are valuable stakeholders who can contribute significantly to their success. And CarbonSWOT can facilitate this for you.
Here are the major reasons why letting employees participate in sustainability initiatives is highly beneficial:
Enhanced Engagement
Involvement in climate care activities can boost overall employee engagement by giving them a sense of purpose and connection to the company’s broader mission. Such employees are more likely to be motivated, productive, and committed to their work.
Increased Awareness and Understanding
Engaging employees in climate care activities helps raise awareness about environmental issues and the company’s sustainability goals. It provides an opportunity for education and understanding of the impact of individual and collective actions on the environment.
Behavioral Change and Sustainable Practices
Employees play a significant role in shaping the company’s environmental footprint. Involving them in climate care activities encourages the adoption of sustainable practices both at work and in their personal lives, contributing to a culture of environmental responsibility.
Alignment with Corporate Values
Engaging employees in climate care activities reinforces the alignment between corporate values and individual values. This alignment fosters a sense of pride and loyalty among employees who share the company’s commitment to sustainability.
Ideas and Innovation
Employees often have valuable insights and ideas for improving sustainability practices within an organization. Involving them in climate care activities encourages a culture of innovation, where they contribute suggestions and solutions to reduce environmental impact.
Team Building and Collaboration
Participating in climate care activities fosters a sense of teamwork and collaboration among employees. Working together towards sustainability goals can strengthen team dynamics and build a positive workplace culture.
Health and Well-being Benefits
Many climate care activities, such as promoting active transportation, green spaces, or healthy eating, can have direct benefits for employee health and well-being. By actively involving your employees in them, you not only reduce your organization’s footprint but also create a workplace that supports overall employee wellness.
Attracting and Retaining Talent
Many employees, particularly those from younger generations, prioritize working for companies with strong environmental and social responsibility values. If you not only share them but also actively involve staff there, you can make your company more attractive to prospective employees and improve retention rates.
Compliance with ESG Expectations
Environmental, Social, and Governance (ESG) considerations are increasingly important for investors and stakeholders. Involving employees in climate care activities demonstrates a high commitment to the environmental and social components of ESG, aligning with broader sustainability expectations.
Regulatory Compliance and Risk Management
Employees can play an important role in ensuring that a company complies with environmental regulations and manages associated risks. Engaging them in climate care activities helps create a culture of compliance and risk awareness and ensures them on all company levels.
Positive Corporate Image
Employee participation in climate care initiatives contributes to a positive corporate image. External stakeholders, including customers, investors, and the community, view companies with employees, engaged in sustainability activities, more favorably.
Demonstrating Leadership
Employee involvement in climate care activities showcases a company’s leadership in sustainability. It positions the organization as a responsible corporate citizen and a leader in addressing environmental challenges.
By involving employees in climate care activities, you not only contribute to global sustainability efforts but also strengthen your internal cultures, improve employee satisfaction, and enhance your overall reputation and competitiveness in the marketplace.
CarbonSWOT created several solutions to facilitate employee involvement for you. Among them are surveys, CO2 neutral events, a rideshare initiative and more.
Supplier Engagement
Companies nowadays initiate supplier engagement programs in greenhouse gas (GHG) emissions reporting for various reasons, reflecting a growing awareness of environmental sustainability and a commitment to mitigating climate change.
Key reasons to start a supplier engagement program are collecting real CO2e emission values from the supply chain and including them in overall corporate reports (e.g. for SBTi, CDP or ESG report for investors and customers), motivating suppliers to start managing and reducing carbon dioxide (CO2) emissions.
If you want to start a supplier engagement program in CO2 reporting, take the following steps:
Clearly state the objectives of the supplier engagement program, such as achieving emissions reductions, enhancing sustainability, and aligning with corporate environmental goals.
Decide how the program communicates the importance of CO2 reporting and emissions reduction to suppliers.
Highlight any educational initiatives to raise awareness and build understanding among suppliers regarding the significance of carbon emissions in the supply chain.
Outline the methods for collecting emissions data from suppliers, emphasizing transparency and accuracy.
Specify reporting requirements and frequency, detailing the types of data to be collected, such as Scope 1, 2, and 3 emissions.
Describe how the program involves suppliers in setting emission reduction goals and targets.
Highlight any alignment with external initiatives like the Science-Based Targets Initiative (SBTi) or other industry-specific standards.
Explain the support mechanisms provided to suppliers, such as training, tools, or resources, to help them measure and manage their emissions.
Detail any financial or technical assistance offered to suppliers for implementing emissions reduction measures.
Discuss how the program monitors supplier performance in terms of emissions reduction.
Highlight any recognition or incentives provided to suppliers that demonstrate exceptional performance in reducing emissions.
Discuss how positive supplier actions are acknowledged within the engagement program.
Describe mechanisms for ongoing evalon and improvement of the supplier engagement program.
Explain how CO2 reporting is integrated into procurement processes, including supplier selection and evalon.
Discuss any criteria related to sustainability and emissions reduction included in procurement contracts.
Discuss how the supplier engagement program addresses and mitigates potential risks related to emissions in the supply chain.
Highlight strategies for enhancing supply chain resilience in the face of climate-related challenges.
Emphasize transparency in reporting, showcasing progress and achievements.
By providing a comprehensive overview of these elements, you can effectively communicate the scope, objectives, and impact of your supplier engagement program in CO2 reporting.
Currently the majority of suppliers, especially in the SME segment, are not ready to calculate and report emissions data, even if it’s required via CDP or other disclosure surveys.
If you face this with your suppliers, СarbonSWOT is a perfect partner to develop an engagement program for your supply chain.
We will cover the full scope of collaboration with your suppliers, including education process, explanation, calculation, reporting and developing reduction measures to cope with your company’s climate strategy.
We will also create an online dashboard for you to track reporting and implementation of reduction activities at your suppliers.