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The Carbon Disclosure Project (CDP) announced Sept. 24 that it plans to build an improved and upgraded version of its global climate change disclosure system. The system will make available primary information on corporate emissions performance, collected for use by institutional investors, businesses and the world's national regulatory systems, to drive greenhouse gas emission reductions and performance improvements.
CDP is partnering with technology companies Accenture, Microsoft and SAP to deliver the new version of its data system.
"Climate change is a global issue that requires a global solution," says CDP chief executive Paul Dickinson. "With our new improved data tools and capabilities we are providing a world-class reporting platform that will assist in the sharing of high-quality climate change data on an international scale and eventually integrate with existing national regulatory systems. This global hub of information will be essential to supporting a global deal post Kyoto."
Beginning in 2010 corporations will report to CDP through the new data system which will increase the quality of disclosure globally, meeting the demand from investors for more detailed, consistent, comparable and actionable data. It will streamline reporting for companies by providing enhanced tools and guidance through a single, fully accessible reporting platform. This platform will enable data to be easily shared with and analyzed by institutional investors, corporations and the world's national regulatory systems. With more user friendly output of information, CDP's upgraded system will drive greater use of corporate climate change information within financial and strategic decision making.
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