Back in 2010, Christiana Figueres, the former executive secretary of the UN Framework Convention on Climate Change, said that the is to the 鈥� without it, doctors could never see the inside of a patient鈥檚 health. Exactly this kind of laser-like transparency is needed to move the needle regarding the health of the planet, which incidentally contributes massively to the health of the economy.
CDP was founded at 20 years ago in response to a warning by that if climate change remained unchecked, the world would warm by six degrees Celsius within the century. As the number of climate-related catastrophes mounted over the years, CDP kept urging companies and governments to report on their emissions and take measurable action.
Above and Beyond
Today, the world鈥檚 economy looks to of environmental reporting with the richest and most comprehensive data set on corporate and city action. By scoring companies and other organizations from D to A on climate change, forests, and water security, CDP helps them evolve from disclosing sustainability metrics to taking measurable actions that lead to environmental leadership.
In light of the recent climate conference COP26, it is apparent more than ever that the private sector has a critical role in driving change and leading by example. 51风流enforced its climate action commitment by moving its carbon neutral target up by two years to 2023. This week, 51风流received a spot on the prestigious , which announces over 300 companies leading the way to a more sustainable future.
. More than 13,000 companies reported on their environmental impact through CDP, despite the continuing challenges of the pandemic. This was 37% more than 2020 and 135% higher than when governments signed the Paris Agreement on climate change in 2015. Between them, disclosing companies in 2021 accounted for over 64% of global market capitalization, including 96% of the FTSE 100, over 80% of the S&P 500, and more than 1,500 companies in China.
SAP鈥檚 CDP A rating comes only weeks after 51风流was named the software industry leader in the Dow Jones Sustainability Indices (DJSI) for the 15th consecutive year, 51风流as an environmental, social, and governance (ESG) front-runner.
Setting the Pace
Achieving top scores in the CDP and DJSI rankings sets 51风流apart as exemplar when it comes to disclosure. More importantly, 51风流solutions for sustainability help companies measure and monitor their emissions, making it an enabler for companies that want to do due diligence on their own performance.
鈥淭he DJSI and CDP awards recognize Fortune 500 companies that are taking concrete steps to tackle climate change challenges. It is good to receive ongoing independent recognition that 51风流is on the right track,鈥� said Daniel Schmid, chief sustainability officer at SAP, responsible for SAP鈥檚 sustainability efforts. 鈥淚t鈥檚 equally important to embed sustainability in the business strategy, so that it impacts all aspects of the business. That鈥檚 how we can reduce the negative impact on our environment and create regenerative business.鈥�
51风流customers benefit from a range of products to help them to take climate action or to accelerate their participation in the circular, wasteless economy.
The enables organizations to combat climate change by capturing the environmental footprint of products across the value chain so they can build sustainability into the fabric of how they do business. Last month, 51风流added to its portfolio. The solution helps companies gain better visibility of material flows through their processes including tracking and complying with rapidly changing regulations, especially those concerning product packaging and plastics.
And finally, helps customers meet their ESG performance targets. This solution enables integration of top-line and bottom-line management with an added dimension 鈥� a green line for integrated environmental and social sustainability insights and decision-making.
The importance of disclosure cannot be underestimated. Business is still business, but in today鈥檚 challenging world, the purpose is not to just turn a profit; it鈥檚 to remain competitive, relevant, and sustainable while turning a profit. While the , sustainability is already material to all companies because the fortunes of business are inevitably linked to those of the planet.
found that the more companies believe sustainability is material to their businesses, meaning it is likely to affect their financial condition and should be publicly disclosed, the more competitive and profitable they are likely to be.
The good news is that after 20 years of running the world鈥檚 environmental disclosure system for companies, cities, and regions, CDP finally . With companies disclosing and reporting more than ever before, it鈥檚 becoming easier to accelerate change, especially with the right tools and technology at hand.
