Sustainability Reporting Software That Makes Compliance Seem Anything but Complex

CDP was founded as the ‘Carbon Disclosure Project’ in 2000, and in 2013 they became known as CDP. They run the largest global disclosure system, covering thousands of companies, cities, states and regions. 

For decades businesses have voluntarily disclosed their global greenhouse gas emissions to CDP. 

With CDP Reporting Software, your CDP data is ready to be extracted in the current year’s format. You can rest assured that all data quality and validation checks have been carried out on the platform. This saves you time and effort while cutting out spreadsheets and offline calculations, ensuring environmental data transparency and accuracy. 

Public Procurement Notice (PPN) was released by the UK government in June 2021. This ushered in a significant shift in the UK’s approach to public contracts, aiming to align economic activities with environmental sustainability.   

In summary, every entity bidding on UK public contracts valued at £5 million or more, had to take concrete steps towards mitigating their carbon footprint and developing a sustainable future.  

This marked a turning point in the UK’s stance on environmental responsibility, as it established that all prospective bidders were required to measure their current carbon footprint and to set forth a comprehensive Net Zero target for the year 2050.  

Listed companies in the UK or companies with more than 250 employees (but less than 500) need to report under SECR (Streamlined Energy and Carbon Reporting). 

These regulations replaced the Carbon Reduction Commitment (CRC) scheme in April 2019. This brought almost 8,000 more businesses into the UK’s mandatory carbon reporting. 

For many organisations, SECR reporting will be the first time that they have to collect and report on energy and carbon.  

This includes calculated energy and GHG emissions, e.g. intensity metrics for this year and previous years, and listing the methodology used. You will also have to explain what energy efficiency action you have taken.

The reporting requirement of energy and carbon for all large organisations in the UK (except for some exemptions) is in line with the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations (see question below for more information). 

In April 2022, Task Force on Climate-Related Financial Disclosures (TCFD) reporting became mandatory for UK companies with over 500 employees. 

In addition, the United States Securities and Exchange Commission (U.S. SEC) set a rule on mandatory climate risk disclosures. This was that reporting practices must be consistent and comparable to meet investor demand for decision-useful information. This is in-line with TCFD recommendations for premium listed companies.

Having TCFD software allows you to combine location specific data to analyse climate related risks. Combined with powerful GHG emissions reporting software (including scope 1, scope 2, and scope 3) allows you to easily comply with mandatory TCFD regulations.