At the time of this posting, the CDP Disclosure deadline is looming. If you are one of the 23,000 companies (source) that report to CDP, then you are likely scrambling to finalize your data collection and preparation. Many CarbonSuite customers disclose to CDP using our CDP Disclosure Workbook. Let’s have a look at CDP and how this feature works in CarbonSuite.
CDP Overview
“CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action” (source). 23,000 companies with over half of global market value report to CDP.
Companies voluntarily report data on their greenhouse gas emissions, energy consumption, waste consumption, water consumption, and many other topics to CDP. Each year, companies that issue a CDP Disclosure get a “score” that ranks them against other companies in their industry. For more information on CDP, you can check out our Climate Disclosure Tracker.
It is also common that companies request their suppliers and customers to submit a CDP Disclosure. Often times, this requirement exists in contracts and requests for proposal (RFPs). Companies are evaluated against their competitors based on their CDP score. We have a tracker of Corporate Supplier Sustainability Policies, many of which require CDP Disclosure from suppliers.
2024 CDP Disclosure Cycle
Each year, CDP releases the disclosure cycle to guide companies on the reporting process. The 2024 disclosure cycle is as follows:
- 16 April: CDP Portal opens for requesters
- 29 April: 2024 questionnaires available via CDP website
- 14 May: CDP Portal opens for disclosers and requests can submit lists
- 4 June: 2024 reporting window opens
- 2 October: Scoring deadline for disclosers
- 16 October: 2024 reporting window closes
CarbonSuite Feature: CDP Disclosure Workbook
CarbonSuite has a feature that automates this process. Using standard NetSuite Saved Searches and SuiteAnalytics Workbooks, you can easily generate all of the data reports and visualizations required for CDP reporting. Better yet, because CarbonSuite is a Built-for-NetSuite SuiteApp, much of the data required for reporting is automatically gathered from your NetSuite transactions and posted to CarbonSuite GHG Transactions.
CarbonSuite deploys workbooks like the one above out-of-the-box. You are also able to customize the workbooks to meet your specific requirements for reporting. Additionally, using NetSuite’s standard dashboard functionality, you can customize your dashboard to automatically show your most important graphs, tables, and reports right when you login to NetSuite.
At CarbonSuite, we know that CDP Disclosure is a bit different for every organization. That’s why we have the best of both worlds – standard automated reporting that is customizable to your needs.
About CarbonSuite
CarbonSuite is a Built-for-NetSuite carbon accounting software solution that helps your company to record, report, and reduce its environmental impact. CarbonSuite is a certified NetSuite “SuiteApp” that automates carbon accounting and sustainability reporting, all directly within your NetSuite ERP system. As certified experts in both NetSuite and Sustainability Management, CarbonSuite is here to help you streamline and integrate your sustainability process within your existing financial and operational processes in your ERP system. For more information, contact us or send us an email at [email protected].