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CDP Releases Sustainability Reporting Platform Aligned With IFRS Standard.

Read more in the June 14 edition of Invert Insights.


Environmental disclosure system CDP has launched a new disclosure portal that’s aligned with the IFRS Sustainability Standards aimed at streamlining and easing sustainability reporting for companies. 

By disclosing through CDP this year, companies, cities, states, and regions will disclose data directly to their stakeholders and wider global market, including IFRS S2-aligned climate data and can start their path to ISSB compliance.

IFRS S2 requires an disclosure of information about climate-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term (collectively referred to as ‘climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects’).

CDP also revealed plans to integrate additional sustainability reporting standards including the Taskforce on Nature-related Financial Disclosures (TNFD) framework, the SEC’s forthcoming climate disclosure rule, and the European Sustainability Reporting Standards (ESRS).

In the reporting period that is now open, CDP has now combined climate, forests, water, biodiversity, and plastics, advancing its alignment with other key standards, including TNFD and ESRS, into a single, harmonized questionnaire and dataset. Additionally, CDP introduced a standalone questionnaire for SMEs, aimed at building capacity across the global value chain.

Invert Insights.

💡 Standardizing reporting will make it easier for companies to report on their climate goals while easing some of the burden of data collection and reporting.

💡 Achieving standardization and transparency within the industry are key factors in ensuring the future success of the VCM and this announcement helps establish trust and solidifies understanding amongst companies.. Having consensus across the industry is a signal to companies that they can feel confident that they’re meaningfully contributing to climate change.

About CDP 

Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit to find out more.