Ecometrica has become a gold software partner of the prestigious CDP, joining a select band of three current gold sustainability management software partners worldwide. It follows last month’s announcement that the company’s Ecometrica Sustainability accounting platform had been awarded the top spot by an independent expert panel of members from the Institute of Environmental Management & Assessment, which reviewed five market-leading carbon accounting software solutions.
CDP, an international not-for-profit organisation, works with investors, companies and public sector organisations to manage, disclose and reduce environmental impacts, such as energy usage and carbon emissions. Ecometrica currently works with more than 250 clients worldwide to support their sustainability management initiatives.
Dr Richard Tipper, chairman of Ecometrica, said: “Organisations are increasingly recognising the importance of managing their environmental impact and we are excited to be given the opportunity to work alongside CDP to support disclosure and transparency.
“With greater public scrutiny and tightening regulatory regime, there is a heightened focus on providing timely, credible and verified results. We have successfully developed a robust and scalable platform that allows accurate reporting of emissions and other environmental factors, such as CSR and health & safety information. As a result of our continued investment and innovation, geospatial data analysis is now within easy reach of business decision makers, allowing clients to view data, such as water consumption, within the context of local water scarcity. CDP has broadened its scope to cover these aspects of natural capital accounting, among others, and we’re looking forward to working together in the coming months.”
Paul Simpson, CDP’s chief executive officer says: “We are delighted that Ecometrica has been a CDP software partner since 2010 and will now become a gold level partner. This will drive a deeper level of engagement with companies using CDP and greater levels of support for those companies seeking to elicit the many benefits of measuring, managing and disclosing climate change data.”
The reporting of greenhouse gas emissions became mandatory for all UK companies listed on the main market of the London Stock Exchange from 30 September, with other large businesses expected to follow by 2016. This has elevated environmental reporting to the same level as financial information, with companies required to set out the methodologies used to calculate the emissions information and the ratio that confirms the relationship between an organisation’s emissions and activities.
CDP is an international, not-for-profit organisation providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, 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 commodities information and puts these insights at the heart of strategic business, investment and policy decisions.