Why is it important to disclose during pandemic period?

• CDP was founded in 2000 with a mission to transform capital markets to address the climate crisis through transparent sharing of data. In those 20 years, we have pioneered environmental disclosure to go from an unknown concept to become a business norm among the biggest corporates in the world.

• 2020 must be the first year of a decade of historic climate action. The IPCC report shows the global economy needs to halve GHG emissions by 2030. (compared to 2010 levels) This means a total transformation of the global economy. In the run up to COP26, now postponed to 2021, it’s more essential than ever for companies and cities, states and regions to disclose their environmental data through CDP, make ambitious commitments and take decisive action. As always, our disclosure workshops will support you on this journey. Continued transparency and increasing ambition is essential to the transition.

• Business, finance and society have been dramatically impacted by the Covid-19 pandemic. This global crisis has illustrated how vulnerable the global economy is, and renewed calls for a more resilient sustainable economy, and for better planning now to prepare for – and prevent – future emergency situations. This is particularly critical since climate change is a “threat multiplier” that intersects with and deepens other crises, whether a pandemic, a hurricane, or a recession.

• The current global health crisis shows resiliency in supply chains and business models – the ability to adapt to and survive shocks and disruptions - is more essential than ever. Measuring and managing environmental risks through disclosure helps companies to build resiliency and plan for the future.

• The transparent sharing of reliable data is essential to managing global challenges effectively – just as this is the case for the global Covid-19 pandemic, it also applies to tackling environmental crises. Transparency of corporate risk allows other actors in the economy (investors, purchasers, regulators) to develop clear and effective plans of action, underpinned by data driven decisions.