6 August 2020
CDP’s view on the disclosure and transparency trend
CDP’s head of investor research Carole Ferguson has outlined her views on how the twin threats of the coronavirus pandemic and the climate crisis is creating a heightened focus on transparency amongst investors and corporates. Her views are captured within a new ESG handbook produced by edie which can be accessed here.
She notes that the extreme shock to our systems and the social and economic costs from Covid-19 has reinforced the need to address future shocks from ecological risks such as climate change. Climate risks could lead to the same shocks to the system and cause disruption to normal economic and social activities and practices. Lessons learnt from the pandemic could be applied to help build mitigation and adaptation strategies to build greater economic and environmental resilience.
At IMS we are helping more and more businesses to include full and detailed information about climate-related risks and opportunities within their CDP submissions; it is clear that thinking around the future implications of climate change is becoming embedded within many organisations, certainly larger or listed organisations or those under investor pressure to respond to increased climate disclosure. In our view this is a significant area of growth going forward, and one which will help businesses to build sustainable strategies in a changing future.