CDP and EFRAG Announce Extensive Interoperability Between CDP Questionnaire and EU Sustainability Reporting Standards
Deepened cooperation between CDP and EFRAG marks a step forward for creating efficiency in the environmental data ecosystem.
At COP29, EFRAG and CDP, the global independent disclosure system for companies to measure and manage their environmental impacts, announced today extensive commonality and interoperability between CDP and the European Sustainability Reporting Standards (ESRS). This marks a significant step towards both organizations’ shared goals of creating efficiency in the environmental data ecosystem.
The announcement comes as a result of ongoing collaboration between CDP and EFRAG. Joint mapping efforts have revealed a substantial commonality between CDP's questionnaire and the ESRS climate standard (ESRS E1), with provisional mapping by the organizations revealing that such a high level of commonality benefits companies both ways: ESRS E1 reporters will find it easier to complete CDP disclosures, while CDP disclosing companies will be well prepared for ESRS E1 reporting requirements. This will be detailed in a comprehensive mapping to be published early next year, ahead of the 2025 CDP disclosure cycle.