CDP Introduces Company ‘Temperature’ Rating for Investors

July 8, 2020 EcoVadis ‏‏‎

Global nonprofit CDP just introduced a new “temperature” rating in °C for 4,000 global companies. The climate ratings are based on the company’s emission reduction targets covering all relevant greenhouse gas emissions within their value chain.

CDP said that these ratings build on a forthcoming protocol that the nonprofit is developing with WWF to “translate companies’ emissions targets into temperatures.” The ratings convey the global warming that’s likely to occur if greenhouse gas emissions worldwide were to be reduced at the same speed as a particular company’s emissions, based on that company’s public target.

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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