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Environmental Disclosures: CDP announces plastics to be added to Reporting Platform for first time

By J. Paul Forrester, David Carpenter & Oliver Williams on April 27, 2023
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On April 19, 2023, the influential CDP (formerly known as the Carbon Disclosure Project) announced that nearly 7,000 organizations worldwide can disclose their plastic-related impacts for the first time, as CDP’s global environmental disclosure platform opens for 2023 reporting. CDP is adding plastic-related reporting to its online platform in response to a request from more than 740 investors with US$136 trillion in assets.

Last October, CDP reported that a record of around 20,000 organizations (over 18,700 companies representing over half of global market capitalization and around 1,100 companies and governments) reported on CDP’s platform in 2022 and that this was a 38% increase over the prior year.

Through the platform, organizations will disclose information on the production and use of the most problematic plastics, i.e., plastic polymers, durable plastics, and plastic packaging. This data will be made publicly available in September 2023.

Continue reading at Mayerbrown.com.

Photo of J. Paul Forrester J. Paul Forrester

Paul Forrester is a respected corporate finance and securities lawyer whose practice is especially focused on structured credit, including collateralized loan obligations, energy (including oil and gas, utilities, shipping, refinery and pipeline) financings and project development, and financing (especially concerning renewable energy, industrial…

Paul Forrester is a respected corporate finance and securities lawyer whose practice is especially focused on structured credit, including collateralized loan obligations, energy (including oil and gas, utilities, shipping, refinery and pipeline) financings and project development, and financing (especially concerning renewable energy, industrial, petrochemical, power and transportation projects and infrastructure).

View full profile on MayerBrown.com.

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Photo of David Carpenter David Carpenter

David Carpenter is a partner in Mayer Brown’s New York office. He previously served as the Co-Leader of Mayer Brown’s New York Corporate & Securities practice group. He focuses primarily on mergers and acquisitions, divestitures and sales of businesses, joint ventures and strategic…

David Carpenter is a partner in Mayer Brown’s New York office. He previously served as the Co-Leader of Mayer Brown’s New York Corporate & Securities practice group. He focuses primarily on mergers and acquisitions, divestitures and sales of businesses, joint ventures and strategic alliances, with particular emphasis on cross-border transactions. His practice also includes representing clients in connection with PIPEs, venture capital and early stage investment activities as well as on corporate governance matters.

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Photo of Oliver Williams Oliver Williams

Oliver Williams is an associate in the Banking & Finance practice of the London office. He is also an active member of the firm’s Global ESG Group.

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Read more about Oliver WilliamsEmail
  • Posted in:
    Environmental
  • Blog:
    Eye on ESG
  • Organization:
    Mayer Brown
  • Article: View Original Source

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