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CDP Introduces Plastics-Related Disclosure
May 12, 2023On April 19, 2023, CDP launched a request for 7,000 companies to disclose on the production and use of the most environmentally problematic plastics, i.e., plastic polymers, durable plastics, and plastic packaging, through CDP’s online disclosure platform.
CDP is a not-for-profit that runs a global disclosure system supporting companies, cities, states and regions to “measure and manage their risks and opportunities on climate change, water security and deforestation.” Originally known as the Carbon Disclosure Project, CDP launched in 2003 and initially focused solely on carbon emissions from 500 global companies. It has now expanded its remit to include disclosure of impact on water security and deforestation, and has further expanded to publish data on individual cities, countries and regions. CDP reports that in 2022 more than “18,700 companies worth half of global market capitalization” disclosed climate-related data using the platform. CDP is a founding member of the Science Based Targets Initiative and the Net Zero Asset Managers initiative. The CDP disclosure framework is aligned with the disclosure framework conceived by the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures.
