Wednesday, June 27, 2012

Carbon Disclosure Project Newsletter - Reporting Standard Interface

Carbon Disclosure Project Newsletter - May 2012: "

The Carbon Disclosure Project has introduced a standard reporting format that is similar to the reporting for financials purposes. This should streamline the reporting process and make it easier for organizations to report.

Of course, monitoring, measuring and reporting is only a small first step toward sustainability, but it is a critical first step.

Here's what they said in one area of the newsletter:

Did you know that disclosing through CDP automatically meets the Caring for Climate reporting requirements?

Caring for Climate (C4C), a joint initiative between the United Nations Global Compact and the United Nations Environment Programme, has recommended CDP as a reporting framework for almost 400 companies that are C4C signatories. Newly published guidance outlines disclosure-related responsibilities for C4C signatories to meet the annual reporting requirements. Companies that publicly disclose their climate change strategies and carbon emissions through CDP will automatically meet the C4C annual reporting requirements and need only refer to their most recent CDP response to be in full compliance."
. . .
"eXtensible Business Reporting Language (XBRL) is set to transform the way you disclose your climate change information. It is already widely used around the world for financial reporting ..."  

In this way, information can be easily and consistently reported by organizations. They are talkin about creating a Climate Change Reporting Taxonomy (CCRT) for the Climate Disclosure Standards Board (CDSB).

We probably should not complain about the alphabet soup of acronyms here. When creating something new, it is often better to invent new terms and phrases than to try to work with existing, but inaccurate terms.

Check out the websites of CDP and CDSB where you can find information about this project.

[Note that this link,, requires some access in order to participate in the "sharing" and participation process associated with the design.]

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