Executive Briefings

FirstCarbon Solutions Expands Partnership With Carbon Disclosure Project

FirstCarbon Solutions, a provider of software and consulting services to enhance the environmental sustainability of business, has expanded its partnership with the Carbon Disclosure Project (CDP). FirstCarbon will score companies' submissions on their greenhouse gas emissions and carbon-management strategies to CDP Supply Chain. The latter works with global companies to measure and understand the impact of climate change across supply chains. An independent, non-profit organization, CDP helps companies and cities to measure, disclose, manage and share information on environmental risk and opportunity.

As CDP Supply Chain's scoring partner, FirstCarbon evaluates information provided by participating suppliers to determine a company's disclosure and performance score. The methodology is standard across all CDP programs and is developed through consultation with scoring partners, responding companies and others. The scores allow the 54 members of CDP Supply Chain to benchmark performance, examine practices and devise improvements based on the sustainability scorecards developed by FirstCarbon. FirstCarbon said it will score responses from thousands of suppliers in the coming months to determine the quality of disclosure and level of climate-change performance among participating companies. Upon request, FirstCarbon will provide suppliers with a summary report. It will also offer additional insights and analyses into the scoring of their submissions.

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As CDP Supply Chain's scoring partner, FirstCarbon evaluates information provided by participating suppliers to determine a company's disclosure and performance score. The methodology is standard across all CDP programs and is developed through consultation with scoring partners, responding companies and others. The scores allow the 54 members of CDP Supply Chain to benchmark performance, examine practices and devise improvements based on the sustainability scorecards developed by FirstCarbon. FirstCarbon said it will score responses from thousands of suppliers in the coming months to determine the quality of disclosure and level of climate-change performance among participating companies. Upon request, FirstCarbon will provide suppliers with a summary report. It will also offer additional insights and analyses into the scoring of their submissions.

Read Full Article