At COP29, EFRAG and CDP, the global disclosure system for environmental data, announced a major development in the interoperability between the CDP questionnaire and the European Sustainability Reporting Standards (ESRS). This collaboration is a significant step forward in creating efficiency in the environmental data ecosystem.
Through joint mapping efforts, EFRAG and CDP identified a high level of commonality between the CDP questionnaire and the ESRS climate standard (ESRS E1). This alignment benefits both companies and stakeholders: ESRS E1 reporters will find it easier to complete CDP disclosures, and CDP disclosing companies will be well-prepared for ESRS E1 reporting requirements. A comprehensive mapping of this commonality will be published early next year, ahead of the 2025 CDP disclosure cycle.
As a key ESRS adoption partner, CDP is well-positioned to support the uptake of European standards globally. With companies representing 90% of European stock markets using CDP for environmental disclosures, the CDP platform will be a critical tool for accessing ESRS-aligned data.
Statements from the Organizations:
-
Sherry Madera, CEO of CDP: “By collaborating with standard setters like EFRAG, we’re working towards a more efficient global environmental disclosure system, benefiting both organizations and data users. The commonality between CDP’s questionnaire and the ESRS climate standard is just the first step.”
-
Patrick de Cambourg, Chair of EFRAG SRB: “Our work on datapoint mapping will align the CDP questionnaire with ESRS disclosures, providing a straightforward reporting mechanism for CDP platform users.”
For more information [here]