Global disclosure platform CDP and the Net Zero Data Public Utility (NZDPU) have outlined plans to strengthen their collaboration ahead of the utility’s next phase, which will make core climate data from more than 10,000 companies become publicly accessible. CDP is the world’s largest repository for self-reported environmental data, with more than 700 financial institutions and 330 large corporates with US$142 trillion using the platform to request data from listed and private companies. Last year, more than 23,000 companies, accounting for 66% of global market cap, disclosed through CDP. The organisation’s data will incorporate core climate transition-related information, such as greenhouse gas emissions and emissions reduction targets, including sector-specific data from companies disclosing data publicly through its platform. Having initially partnered last September, CDP and the NZDPU aim to streamline reporting, avoid duplication and increase access to consistent, comparable private-sector climate data globally. Established in June 2022 by French President Emmanuel Macron and UN Special Envoy for Climate Ambition and Solutions Michael Bloomberg, the NZDPU is overseen by the Climate Data Steering Committee (CDSC), with a goal of bolstering access and interpreting a core set of private-sector data crucial to accelerating progress toward meeting the goals of the Paris Agreement. At COP28, the NZDPU unveiled both a proof of concept and a public consultation, with the latter closing in March. “This expanded collaboration between CDP and the NZDPU is a pivotal step towards realising the CDSC’s vision to build connectivity between global stakeholders by providing access to high-quality, comparable climate-transition data,” said Mary Schapiro, Chair of the CDSC. “By integrating CDP’s extensive dataset, we can help accelerate the development of robust transition plans, effectively manage climate-related risks, and guide informed policymaking as the NZDPU advances to the production stage of the utility.”
📣 Breaking news – CDP and the Net-Zero Data Public Utility expand partnership to power the net-zero transition, ensuring that a core set of CDP’s climate data, necessary for meeting the goals of the Paris Agreement, is openly accessible to all for the public good via the NZDPU.… pic.twitter.com/4AvdM1zTOC
— CDP (@CDP) September 25, 2024
