Carbon Credentials is delighted to announce that Taylor Wimpey has been presented with the 2017 CDP award for Most Improved Water response.
This was the first year that Carbon Credentials supported Taylor Wimpey on their CDP responses for both the Climate Change and Water submissions.
Taylor Wimpey improved its score for Water from a B to an A- (Leadership-level) and maintained its B status in the Climate Change response. Congratulations Taylor Wimpey!
How did Taylor Wimpey achieve Leadership?
The process began with a Gap Analysis of Taylor Wimpey’s previous year’s CDP responses. This scored the submissions against the updated scoring methodology and looked for any gaps in the existing response. The exercise identified areas for improvement and provided Taylor Wimpey with a robust plan for the 2017 disclosure cycle.
The next phase focussed on engaging with the wider business. Carbon Credentials conducted board-level interviews to understand the strategic risks and opportunities facing the business and fed this insight into the responses.
Carbon Credentials’ experts collated emissions and water data for inclusion within the submissions and provided insight and context to any changes identified.
Our clients improved and maintained their market-leading scores in 2017.
In 2017 Carbon Credentials supported 1 in 6 companies achieving Leadership in the UK CDP Climate Change and Water programmes. See how some of our clients improved below.
The CDP submission is changing in 2018.
CDP has announced that in 2018 there will be significant changes to the layout and scope of the submission. The main differences will be:
- The introduction of sector-specific questions.
- Incorporation of the recommendations of the Task Force on Climate-Related Financial Disclosure. Questions will be grouped into the same four categories as the TCFD, including 1) Governance 2) Strategy 3) Risk management and 4) Metrics & targets.
- An emphasis on scenario analyses and the future of business operations under climate scenarios.
Carbon Credentials is holding an event on the CDP changes in 2018.
Once the new questionnaire has been released we will be holding an event in January that will run through the changes to it and help you understand what the TCFD recommendations mean for your business. If you would like to attend, please register your interest below.
As an accredited CDP partner, we are perfectly positioned to help you understand your CDP score and use this reporting framework as a tool to drive action and performance improvements across your organisation.
If you would like to know more about our CDP services please get in touch.
Kesi Courtman, Senior Analyst