CDP, the global environmental disclosure platform, and EFRAG, Europe’s leading authority on corporate reporting, have announced a significant step forward in simplifying corporate sustainability reporting. The organizations released a detailed correspondence mapping that aligns CDP’s question bank with the European Sustainability Reporting Standard (ESRS E1) for climate disclosures.

Key Benefits of the Alignment

Simplified Sustainability Reporting

• The mapping streamlines corporate sustainability reporting by directly linking CDP disclosure questions with ESRS E1 requirements.

• This reduces redundancy and complexity for businesses reporting under both frameworks.

Enhanced Transparency & Reduced Reporting Burden

• Companies can now report their climate-related data more efficiently, ensuring consistency across different disclosure requirements.

• By eliminating the need to duplicate reporting efforts, businesses can focus on improving sustainability performance rather than administrative burdens.

Facilitates Compliance with EU Sustainability Rules

• As businesses prepare for compliance with the EU’s Corporate Sustainability Reporting Directive (CSRD), this mapping helps them align their disclosures with ESRS E1, ensuring a smoother transition.

Key Areas of Alignment

The mapping highlights commonalities in critical climate-related disclosure areas, including:
Climate Change Transition Plans – How businesses plan to adapt to and mitigate climate risks.
Emissions Targets – Companies’ commitments to reducing greenhouse gas emissions.
Gross Scopes 1, 2, and 3 Emissions – Reporting on direct and indirect emissions throughout the value chain.
Internal Carbon Pricing – The use of carbon pricing mechanisms within organizations to drive sustainability efforts.

Advancing Sustainability & Regulatory Compliance

This initiative marks an important milestone in CDP and EFRAG’s ongoing collaboration to enhance corporate sustainability reporting. By improving interoperability between reporting frameworks, they aim to simplify the compliance process for businesses operating under EU sustainability regulations.

Moving forward, CDP and EFRAG will continue refining their partnership to further enhance reporting efficiency, transparency, and alignment with evolving global standards.

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