Describe the Carbon Disclosure Project (CDP)

Question

What will be an ideal response?

Answer 1

Several Canadian financial institutions are among the 665 institutional investors who collaborate in the Carbon Disclosure Project (CDP), an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Its goals are to tackle climate change through the reduction of greenhouse emissions, to promote sustainable water use by business and cities, and to mitigate environmental risk in corporate supply chains. The largest corporations in the world are sent questionnaires requesting disclosure of information on their greenhouse gas emissions. The investors view the information as critical in helping them decide how to allocate capital. The data is also made available to corporations, public sector organizations, government bodies, academics, and the public.