Non-profit CDP and the Global Reporting Initiative (GRI) have signed a memorandum of understanding at COP29 in Azerbaijan, furthering their collaboration to streamline environmental reporting. Under the agreement, CDP and GRI will build capacity and look to simplify disclosure requirements for companies, with the objective of increasing access to comparable data through “high ambition” environmental reporting. More than 14,000 organisations use the GRI Standards – through which organisations report their environmental, social and economic impacts – while more than 24,800 companies, representing over two thirds of global market capitalisation, disclosed through CDP this year. “This agreement will enhance the efficiency of environmental reporting, enabling companies to provide more comparable and actionable data,” said Sherry Madera, CDP’s CEO. “By reporting through CDP, companies can disclose GRI-aligned data directly to stakeholders and the wider global market. This is a crucial step in accelerating global climate action and ensuring businesses can meet the highest standards of transparency and accountability.” In Baku, data released by CDP showed that the world’s biggest businesses have identified nearly US$5 trillion in potential gains from tackling climate change – up 127% from US$2.1 trillion in 2018.
📢 CDP and GRI are deepening their collaboration, following an agreement signed at #COP29 in Baku.
Discover more: https://t.co/dNHTaKRpwT pic.twitter.com/bRuYydxKVl
— CDP (@CDP) November 14, 2024
