Companies of all sizes are increasingly being requested to report progress on their climate commitments to aid their broader sustainability reporting processes. Such climate disclosures are not only a requirement voiced by various stakeholders such as investors, customers, employees, media and financial analysts, but also can help position your company as a climate leader and strengthen your brand. Additionally, a proactive, transparent, well-grounded, honest and balanced communication can influence others to accelerate climate action.
According to CDP’s A Climate Disclosure Framework for Small and Medium-Sized Companies, the guiding principles that underpin a high quality and decision-useful disclosures are:
Relevance to SMEs and their data users.
Clear and understandable
Objective and accurate.
Complete and verifiable.
Comparable to best practice corporate disclosures.
Drive impactful SME climate action.
Annual and provided in a consistent format.
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