CDP and EFRAG align climate reporting with EU’s ESRS E1 standard, streamlining disclosures and reducing corporate reporting complexity for sustainability compliance.
Streamlined Sustainability Reporting to Reduce Business Burden
CDP and EFRAG have announced a new climate reporting alignment, simplifying corporate sustainability disclosures by mapping CDP’s question bank to the European Sustainability Reporting Standard (ESRS E1). The initiative is designed to enhance transparency, reduce complexity, and help businesses prepare for compliance with EU sustainability disclosure requirements.
Key Areas of Alignment
- Climate transition plans
- Emissions targets (Scopes 1, 2, and 3)
- Internal carbon pricing
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What Leaders Are Saying
Sherry Madera, CEO of CDP:
"This mapping is about more than ticking reporting boxes. It makes climate data more useful while cutting the burden for businesses. It will drive smarter strategies, innovation, and Earth-positive decisions."
Patrick de Cambourg, Chair of EFRAG’s Sustainability Reporting Board:
"This resource streamlines climate disclosures under ESRS E1, avoiding duplicate reporting. EFRAG remains committed to fostering interoperability and reducing complexity in sustainability reporting."
Impact on Businesses
- Simplifies climate disclosure preparation for companies already using CDP.
- Supports compliance with the Corporate Sustainability Reporting Directive (CSRD).
- Enhances efficiency by eliminating duplicative reporting efforts.
CDP and EFRAG will continue their collaboration to refine reporting interoperability, ensuring that companies can meet regulatory requirements with greater ease and accuracy.
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