19.10.2023 NovaCast today announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform. NovaCast has disclosed through CDP since 2022, and in 2023 completed CDP’s Climate change & Water security questionnaires.
With a record 23000+ companies disclosing through CDP in 2023, disclosing data on environmental impact is now a business norm. NovaCast’s data will be added to the most comprehensive inventory of self-reported environmental data in the world – helping to drive action through greater transparency. By disclosing through CDP, NovaCast is prepared to respond to the increasing demand for environmental transparency from financial institutions, customers and policymakers. In its disclosure, NovaCast shared:
Richard Phillips Managing Director at NovaCast said:
“From a sustainability perspective, it is important to be able to monitor, measure and benchmark where the business is in relation to the industry as a whole and to put in place a plan that will deliver real progress. To this end, NovaCast has engaged with CDP”
Sherry Madera, Chief Executive Officer at CDP, said:
“With over 23,000 businesses disclosing through CDP this year, it is clear that sustainability – and the data that underpins it – is not a ‘nice to have’, but an essential part of long-term success in the business community that is showing no sign of slowing down – nor should it. Disclosure works, and today we should take a short pause to celebrate the dedication to transparency and accountability shown by NovaCast reporting through CDP this year. “A 1.5-degree future is still possible if the global community works in lockstep to get there. By sharing their environmental data with CDP, NovaCast is starting/continuing, an environmental journey that will contribute to keeping that future in sight.”
The full list of companies disclosing through CDP can be accessed here: https://www.cdp.net/en/responses
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $137 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 25,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization – and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.