In an effort to drive consistency and comparability, leading to improved effectiveness in sustainability reporting, The Sustainability Consortium (TSC) and the Carbon Disclosure Project (CDP) have partnered together to improve the effectiveness of global corporate sustainability and natural capital reporting within supply chains. This will be achieved through three main objectives:
Harmonization of Questions: TSC and CDP will harmonize questions and indicators where possible, appropriate and relevant for consumer product use.
Expansion into Natural Capital: TSC and CDP will work together to standardize relevant information on impacts and the associated questions in the area of natural capital.
Geographic Expansion: Reflecting the global nature of both organizations and their supply networks, this partnership will seek to align activities to expand influence into new geographic markets.
Through this effort, TSC and CDP will aim to provide companies and investors with more consistent data to quantify and communicate the sustainability of products and suppliers. This in turn can support the evolution of sustainability disclosure for organizations’ products within their supply chain and benefit consumers, companies, investors, and regulators.
CDP is a global, not-for-profit organization that aims to put decision-relevant information on climate change and natural capital issues at the heart of decision-making by business, investors, and policy-makers. Find more information at www.cdp.net.