The Carbon Disclosure (CPD) is a global system that announces the carbon and environmental impact produced by various companies and regions. The CPD aims to combat climate change through accurate and comprehensive reports about environmental impact. Environmental impact is measured in terms of greenhouse gas emissions, water use and forest data surveys. The CPD surveys calculate and asses emissions that come from energy sectors, businesses and government organizations internationally- thereby promoting transparency among groups looking to transition toward more sustainable operations. Of course, not everyone eagerly wishes to disclose their emissions, especially because there is no legal binding imperative to so.
However, the CPD may be ushering in a new standard for businesses and energy producers. Managing our environmental impacts will require a detailed understanding of how we emit fossil fuels and use resources. A large portion of the CPD’s mission involves ensuring accuracy in their measuring technology. Without accurate data, assessments would be skewed, hampering our ability to track our leading climate change mitigation targets. It also involves collecting data collected from different sources with the same technology and the same measuring techniques, to avoid mismatches in data. Converting different types of data sets can be difficult and present biases.
How Does ‘Disclosure’ Help
CPD believes that being aware of environmental impact can inform better decisions in the future and that disclosing allows groups to monitor progress with respect to the green energy revolution and achieving net-zero in the coming decades. Disclosure, among other things, renders a clear image of our behaviors’ implications on the natural systems of Earth. Understanding water-use , land-use and atmosphere-use gives corporations and policy makers practical insight for achieving mitigation goals and strategies for achieving those goals.