The disclosure program lies at the heart of CDP India's work and is essential for India to achieve its net-zero target by 2070. Governments, regulators, ESG Rating Providers, investors and businesses are enabled to deepen their climate commitments and actions through our sustainability reporting framework. Currently, 120+ Indian companies and 14 cities choose to analyze their climate risks and opportunities through CDP. The database serves as a source of knowledge to make strategic decisions, attracting green investments.
Powered by the wealth of disclosure data CDP India proactively builds solutions and boost innovation for companies to address climate problems. Companies are supported to undertake ambitious climate actions by aligning and strategizing their businesses with the latest climate science. Initiatives that fall within this scope are Science Based Target (SBTi) setting under CDP India’s Incubator program, assistance on the Internal Carbon Pricing mechanism, Renewable Energy (RE100), etc.
CDP’s Supply Chain program provides corporates with a platform to engage their value chain partners on environmental issues. CDP India enables them to use the data of the suppliers responding to CDP’s questionnaires to make informed procurement decisions from a sustainability lens. With insights into supplier risks and mitigation actions, corporates can set meaningful emission targets. India, emerging as a global economic hub providing raw materials and resources means that the need for collaborating with SMEs to decarbonize their operations will be crucial to ensure sustainable supply chains.
CDP India's sustainable finance pillar rests on supporting financial decision-makers to design sustainable finance measures. CDP India is driving a Financial Institution's Working Group to support financial decision-makers in the design of sustainable finance measures that will help the real economy transition. CDP India works on capacity building of sustainable finance ecosystems and engages with Financial Institutions (FI’s) to align their investments to sustainability goals.
CDP India supports efforts to develop integrated climate strategies by establishing linkages between corporate climate action and policy frameworks. It is part of a continuous effort to deepen CDP India engagement with stakeholders. CDP India actively engages with governments in the process of framing robust, supportive, and climate-conscious regulatory scenarios for the country to combat climate change.
As India's urban growth is projected to stand at 675 million in 2023, the second highest in the world behind China, CDP’ India’s work on cities disclosures becomes increasingly essential. New risks and increased vulnerabilities in Indian cities can negatively impact human health and safety, quality of life, and growth. Climate action is therefore crucial. In this context, CDP India actively works on extending disclosure to Indian Cities, States, and Regions through CDP-ICLEI Track to measure and monitor the climate journey with CDP services. We work with the city’s local governments on capacity building of climate mitigation and adaptation, supporting cities on Science-Based Target setting (SBTs), and supporting climate finance through CDP Matchmaker initiatives.