Gustavo Bernal Torres
CDP to Incorporate the ISSB Climate-Related Disclosure Standards
By collecting this data, CDP will provide investors, and other stakeholders, access to corporate environmental information that is consistent, comprehensive, and comparable across geographies.
CDP, the non-profit which runs the global environmental disclosure platform for corporations, and the IFRS Foundation have today announced that CDP will incorporate the International Sustainability Standard Board’s (ISSB) IFRS S2 Climate-related Disclosures Standard [IFRS S2] into its global environmental disclosure platform, in a major step towards delivering a comprehensive global baseline for capital markets through the adoption of ISSB standards. The standard, currently being finalized, will be incorporated into CDP’s existing questionnaires, which are issued to companies annually on behalf of 680 financial institutions with over $130 trillion in assets.
With 18,700 companies, worth half of global market capitalization, disclosing environmental information through CDP in 2022, this integration means rapid accelerated early adoption of ISSB climate data disclosure across the global economy.