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Measuring CDP Performance by Sector in 2021
Posted by Alicia Godlove on May 11, 2021 10:00:00 AM
Is your company ready to submit its CDP disclosure next month? With the July 28 deadline fast approaching, you still have a few weeks to ensure you have the support you need to maximize your performance. As CDP’s Global Scoring and Outsourcing Partner from 2011-2019, ADEC ESG Solutions has unique experience in supporting organizations reporting to CDP.
Why Should Your Organization Disclose to CDP?
In an increasingly sustainability-conscious era compounded by a consistently evolving landscape, there has never been a more compelling case for environmental disclosure. The growing market demand is indisputable, with Morningstar reporting that close to 500 funds added ESG criteria to their prospectuses in 2019. More than 500 investors with USD $106 trillion in assets are requesting thousands of companies to disclose their environmental data through CDP. With reports showing that consumers place greater value on sustainability and transparency, disclosing to CDP helps companies build trust and credibility, and address rising environmental concerns among the general public.
Transparency and reporting have long been on the upswing for companies, and 2020 underscored the critical need for strong environmental, social, and governance (ESG) principles to build resiliency through other global crises. Companies can effectively organize their response to this year’s CDP disclosure by leveraging external resources, such as third-party disclosure experts.
How Is Your Sector Performing?
With experience scoring more than 23,000 CDP disclosures globally and conducting more than 1,700 performance reviews, ADEC ESG Solutions has extensive insight on the CDP disclosure process and reporting trends. For nearly a decade, our sustainability experts have helped companies deliver measurable results. In 2020, we helped 86% of our clients improve or maintain their performance compared to the previous year, with over half of all our clients achieving a Leadership score.
Where did your sector fit in?
In 2020, all our clients in the financial and asset management industries improved or maintained their performance compared to the previous year.
Most of our clients in the food and beverage, automotive and transportation, technology & communications, pharmaceutical, and real estate sectors performed the same or better year-over-year.
Half of our energy and electric utilities clients improved their performance compared to 2019, with one-third of them reaching the A List in 2020.
The majority of our clients in the paper and packaging sectors improved or maintained their performance compared to the previous year, with two-thirds achieving Leadership.
Contact Us Today to Get Started!
There is still time to maximize your performance before the July 28 deadline.
Disclosing to CDP can be an overwhelming and time-consuming task for first-time and long-time responders alike, especially when you may have limited resources. Get instant support for your 2021 disclosure through Scoring Assessments, performance insights, on-demand consulting, and more.
Contact us to learn more about how we can help.