CDP Reporting Made Easier
Apr 16th, 2014 |
On April 15th 2014 the European Parliament is scheduled to formalize a new regulation that will require all companies with over 500 employees to report annually on their environmental performance. Companies aiming to strengthen their transparency and improve their accountability now face a vast array of approaches and questionnaires that aim to help them in their assessment. EWS and CDP are helping companies manoeuvre various water performance reporting mechanisms by highlighting how two of these powerful instruments complement each other.
This CDP and EWS Mapping Document depicts the links between CDP’s 2014 water information request and the EWS standard implementation so that your company benefits from both tools. With this table, EWS implementation can simplify your CDP reporting process or CDP reporting will bring you on your way to EWS compliance!
As the table shows, there are some cases where a response to CDP’s water information request directly shows compliance with a EWS indicator and vice versa. In other cases, because responding to CDP’s water information request refers to corporate conditions and the EWS standard implementation goes into site specific details, companies may need to expand the information at hand to corporate level or detail it to production site level to create the link between the two assessments.
Responding to this study, EWS has updated its guidance document, a step by step tool for implementing the standard indicators, explicitly indicating all links to CDP’s 2014 water information request.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. We work with market forces to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest-risk information and puts these insights at the heart of strategic business, investment and policy decisions.
EWS provides a benchmarking tool to evaluate site-specific risks and impacts in the context of company-wide performance. This external validation creates a communication tool for transparency in line with the overall philosophy of the CDP. In this sense, benchmarking can also help companies inform their future water targets and strategies.