For more than 20 years, we have been helping companies develop and effectively deploy environmentally responsible business strategies that are financially viable and enhance long-term performance.
Since the early 1990’s we have literally done hundreds of climate change projects in over 20 countries around the globe.
Delphi provides a range of software products to help clients improve the efficiency and effectiveness of their greenhouse gas management and sustainability initiatives.
Dec 06, 2013
T-Minus 5 months and counting until 2014 CDP submissions are due.
Delphi has helped clients increase CDP disclosure scores—on average—by 57%.
The CDP (formally known as the Carbon Disclosure Project), is an international, non-for-profit global organization that requests companies to disclose their carbon, water and forest risk data. Investors use the CDP to request this data from the companies which whom they have investments, in order to reduce long-term risks from externalities such carbon, water, and deforestation. In 2013, the CDP had more than 722 institutional investors representing an excess of US$87 trillion in assets. This publicly available data is used by Pension Funds, Passive/Active Equity Managers, Broker Dealers, SRI Funds, Investment Advisors, Data Providers, Third Party Researchers, Index Providers, and Academics in order to assess risk and compare company performance. CDP holds the largest collection globally of self reported climate change, water and forest-risk data.
Many leading companies are starting to gain experience with CDP with multiple years of reporting; however, the CDP framework and guidelines do change from year-to-year. For example, in 2013 companies were asked to report on 15 Scope 3 emissions sources (where applicable), including evaluation of progress, total tonnes of CO2e, accounting methodology, percentage of emissions calculated using primary data, and an overall explanation. Disclosure and performance point allocations have also changed from year-to-year.
It is important that new responders to CDP understand what the drivers are for publicly reporting: leadership, transparency, stakeholders, rating schemes, score, improve internal buy-in, accuracy, brand recognition, and/or to keep up with competitors. Delphi’s clients typically find that reporting to the CDP provides value with regards to their performance measurement, risk management, strategic planning, stakeholder transparency, and brand. The key challenges we’ve heard from our clients when reporting to the CDP include: when the CDP changes their reporting format significantly from year-to-year; the guidelines are not clear; the online response system is clunky; and, CDP reporting doesn’t fully align with other reporting mechanism.
Many global reporting mechanism are beginning to find ways to align (i.e. CDP, DJSI, IR, and GRI) which should make public CSR disclosures a little easier; however, many companies still struggle with lack of time, resources, and capacity to report to the CDP. We’ve found that it takes on average around 3-5 months to help our clients prepare for CDP reporting, however, this is highly dependent the sector.
How Delphi Helps Our Clients with CDP Reporting:
The Delphi Group has a proven track record for successfully helping companies report to CDP Carbon and Water—helping those companies to put their best face forward and increase their CDP scores. Since working with our clients, we’ve helped increase CDP disclosure scores—on average—by 57%. We’re also proud to announce that 3 of our CDP clients were included on the Carbon Disclosure Leadership Index (CDLI) for 2013. In addition, 7 of our other clients were also included within the CDLI who we support through our carbon strategy, inventory and management services.
Delphi has helped companies in the energy, food, financial, and telecom industry’s submit CDP responses. For first-time submitters, we have assisted companies with no prior public GHG emission disclosures to collect data from across the organization to successfully get executive sign-off for public disclosure responses. For previous respondents, we have acted as a trusted advisor to companies looking to improve the transparency of their carbon management practices and CDP submission, and by extension their CDP score.
Our understanding of the CDP framework and disclosure scoring methodology has helped companies achieve higher disclosure scores, including a company that increased their disclosure score by over 120% in the past 2012-2013 reporting period. To ensure the accuracy of the public information disclosed in CDP submissions, we check submissions for their relevance to external stakeholders and the reporting goals of the company, fact-check quantitative values in the submissions, and conduct emission reduction calculations as necessary to meet reporting requirements.
If your company needs support for the 2014 CDP Reporting Cycle, please contact us!
By Steven Pacifico, Director, Sustainability and Stakeholder Engagement
Oct 17, 2013
The last several months have given us our fair share of extreme weather reinforcing the findings of the IPCC’s latest scientific report on climate change. At the same time, these events fuel the debate around what to do about it. While many continue to argue over the relationship between extreme weather events and climate change – Emperor Nero would have been proud – the costs of these events have been staggering, driving debate over where investments should be made to best protect people and assets in the future. Click to read more…
Oct 16, 2013
In recent months, Fort McMurray, and its regional government the Regional Municipality of Wood Buffalo (RMWB), have become a hub for innovative municipal development through the Nexus North initiative. Click to read more…
Oct 15, 2013
Harnessing two types of investment vehicles for renewable energy investing; Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs), would speed adoption rates for renewable energy, level the playing field with fossil fuel investments and attract billions in new investment. Click to read more…
Oct 10, 2013
The South Saskatchewan and Saskatchewan rivers received the official nomination as candidate Canadian Heritage Rivers in 2012. Nomination is the first in a two-step process toward designation in the Canadian Heritage Rivers System (CHRS). Click to read more…
Oct 09, 2013
The ongoing battle over renewable fuel requirements in gasoline heated up again this past August, with the American Petroleum Institute (API) launching a public relations campaign against a blend of gasoline containing 15% ethanol, known as E15. While the issue is playing out primarily in the United States, outcomes could have direct implications for Canada since Canadian renewable fuel standards typically align with those in the US. Click to read more…
Oct 07, 2013
This past May the Global Reporting Initiative (GRI), the non-profit organization that produces one of the most prevalent standards for sustainability reporting, released an updated version of its guidelines – the G4 Sustainability Reporting Guidelines. Click to read more…
Oct 03, 2013
Tesla is setting new benchmarks for electric and conventional car manufacturers to beat. The Tesla Model S has received countless accolades ranging from a National Highway Traffic Safety Administration 5-star safety rating, the highest rating of any car ever tested, to Consumer Reports calling the Model S the best car it has ever tested with a 99 out of 100 rating. Click to read more…
Oct 02, 2013
Delphi’s Climate Change Policy and Sustainability Update aims to provide clients, associates and partners with an overview of recent technical, political, regulatory and market developments related to climate change in North America. Click to read more…
Sep 04, 2013
The Canadian Youth Environmental Leadership Scholarship will contribute to the advancement of new ideas and new ways of thinking when it comes to protecting the environment by supporting students who demonstrate a commitment to leadership and the environment. Click here for application and nomination information!