Carbon Disclosure Project Renews Partnership with FirstCarbon Solutions to Measure Supply Chain Carbon Management
IRVINE, Calif. and LONDON, July 31, 2012 /PRNewswire/ — FirstCarbon Solutions, a pioneer and industry leader in environmental sustainability solutions for business, today announced an expanded partnership with the Carbon Disclosure Project (CDP). FirstCarbon Solutions will score companies’ submissions on their greenhouse gas emissions and carbon management strategies to CDP Supply Chain, a program that works with global corporations to measure and understand the impacts of climate change across their supply chains. CDP, an independent, not-for-profit organization, is focused on helping companies and cities measure, disclose, manage and share information on environmental risk and opportunity, all with the goal of preventing dangerous climate change and protecting our natural resources.
Climate change and sustainability reporting transparency is increasingly important to consumers, shareholders and other stakeholders. But creating an accurate and comprehensive carbon management inventory is challenging, especially since, according to CDP in their 2011 Supply Chain Report, more than half of an average corporation’s total carbon emissions comes from the supply chain rather than operations within its own four walls. The CDP Supply Chain program takes aim at that challenge, moving beyond the measurement of direct greenhouse gas emissions to include climate change risks and opportunities across the supply chain.
As CDP Supply Chain’s scoring partner, FirstCarbon Solutions evaluates information provided by participating suppliers, which is used to determine the company’s disclosure and performance score. The scoring methodology is standard across all CDP programs and is developed by CDP with consultation from scoring partners, responding companies, and others. These scores allow the 54 CDP Supply Chain members – including Vodafone, Pepsico, Walmart and their suppliers – to benchmark performance, examine practices and develop year-on-year performance improvements based on the sustainability scorecards developed by FirstCarbon.
FirstCarbon Solutions will score responses from thousands of suppliers in the coming months to determine the quality of disclosure and the level of climate change performance. Upon request, FirstCarbon Solutions will provide participating suppliers a summary report with more details regarding their score and will offer, as a value-added service, additional insights and analysis into the scoring of their submission.
“FirstCarbon Solutions has proven to be a valuable partner to CDP by providing scores to thousands of companies and customized feedback on those scores,” says Dexter Galvin, Head of CDP Supply Chain. “This clearly demonstrates both their data processing capability as well as their subject matter expertise in corporate climate change strategy.”
“This marks the second year that FirstCarbon Solutions will be involved in the CDP Supply Chain project, which continues to expand and have a positive impact on climate change,” says James Donovan, President and CEO of FirstCarbon Solutions. “Today, more companies are pursuing strategies and CSR reporting practices to reduce greenhouse gas emissions. Our proven data management and carbon accounting expertise provides CDP Supply Chain participants with standard, practical scoring information that is easy to use and digest and fosters the transparency required for effective carbon management across the supply chain.”
About FirstCarbon Solutions
FirstCarbon Solutions is a global provider of comprehensive environmental and sustainability solutions for enterprise and government clients that are increasingly under pressure to minimize resource use and environmental impacts while achieving profit and budget objectives. The company is the first to fully integrate consulting and software with deep expertise in back office data processing to deliver integrated energy and sustainability consulting solutions that drive better decision making by understanding how improved environmental practices affect all areas of the business. FirstCarbon Solutions is an ADEC Group company with 14 years in the industry serving customers around the world, and has offices throughout Asia, Europe, Australia and North America. For more information, visit www.firstcarbonsolutions.com.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization providing a transformative global system for companies and cities to measure, disclose, manage, and share climate change and water information. Over 3,700 companies across the world’s largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 655 institutional investors, holding US$78 trillion in assets. CDP now holds the largest collection globally of self-reported climate change data. For more information, visit www.cdproject.net.
SOURCE FirstCarbon Solutions