The Carbon Disclosure Project (CDP) and supplier sustainability rating company EcoVadis have announced a partnership to offer an enhanced service to both EcoVadis and CDP Supply Chain customers. The objective is to make it easier for companies in the supply chains of large purchasing corporations to report on how they are managing carbon.
The partnership is built around the complementary expertise of the two organisations: CDP has in-depth expertise on GHG (greenhouse gas) emissions, climate change and water, whereas EcoVadis’ sustainability rating platform covers all main CSR topics using a dynamic web interface for end-users. The partnership will allow the automatic transferring of company information in the CDP responses to the EcoVadis’ system.
“Partnering with Ecovadis will mean that suppliers that have already disclosed their carbon and climate change information to CDP will not have to duplicate their efforts in the Ecovadis system. The two systems are extremely complementary with Ecovadis providing powerful high-level data across 21 pillars of sustainability and CDP Supply Chain providing that crucial deeper dive on carbon, climate-change and water,” said Dexter Galvin, Head of CDP Supply Chain.
Review: This is the sort of cooperation that’s needed to help companies in sustainability reporting. There are increasing sustainability information demands on companies through regulations, customer requirements, industry and other organisations, which have the potential to cost companies a lot of time and money. The more the demands can be integrated, so that effort is not repeated, the better.
The more sophisticated (and expensive) sustainability management software can handle multiple reporting, but even the best software is unlikely to manage the multitude of requirements of reporting bodies around the world. Sustainability reporting will get a bad reputation (‘just more red tape’) if it’s not simplified as far as possible and the cost minimised.