Carbon Disclosure Project – Blog 7
18th August 2011
BLOG SEVEN
A consistent message emerging from investors, customers, regulators, non-governmental organisations and other stakeholders is that the right independent assurance not only significantly enhances the credibility of climate related data, but positively supports organisations in managing and optimizing their data systems. This will ultimately help drive efficiencies that will put companies in an advantageous market position and can also be leveraged to reduce a company’s climate impact. Increased data quality through verification carries internal as well as external benefits to a company that can range from enhanced brand value through to greater preparedness to handle increased demands from potential clients, investors and shareholders.
Through CDP data it is clear that whilst many companies have already embedded verification into their systems, a large number still have to take this step forward. Whilst verification requires certain measures to be in place before data can be assured, it is worth investing time and resource into this process in order to prepare for a low carbon economy.