TLIP embraces environmental transparency by disclosing through CDP
Disclosing data around environmental impact is now a business norm; in 2021, over 13,000 companies worth over 64% of global market capitalization disclosed their environmental data through CDP, an increase of 37% since 2020. More than 590 investors with US$110 trillion in assets and 200 purchasing organizations representing US$4 trillion spend have requested environmental data from companies through CDP. By disclosing, TLIP is prepared to handle the increasing demand for environmental transparency from investors, customers and policymakers.
Alex Turnbull, Director TLIP said “Disclosure is the first step to understanding our environmental risks. Although we identified some positives, it is uncomfortable reading to see the results for our company, but this is no time for the head in the sand approach”.
Sonya Bhonsle, Global Head of Value Chains at CDP, commented, “Climate change poses a present and future risk to companies and their supply chains. Only by measuring environmental risks and opportunities can companies manage them now, prepare for the future and remain competitive – especially as large mainstream investors and policymakers increasingly push for greater transparency through disclosure. By disclosing their environmental impact through CDP, TLIP (Turnbull Lynch) has taken an important first step. I look forward to their continued dedication to transparency and effort in securing a sustainable 1.5 degree future.”
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.