The Carbon Disclosure Project (CDP) and the European Financial Reporting Advisory Group (EFRAG) have published a correspondence mapping between the CDP question bank and the European Sustainability Reporting Standard (ESRS E1), reinforcing the high level of interoperability between the two frameworks for climate disclosures.
The new resource provides clear alignment between CDP disclosures and ESRS E1 requirements, helping companies streamline climate-related reporting while improving efficiency and transparency. The mapping highlights commonalities in key areas such as:
- Climate transition plans and mitigation targets
- Gross Scope 1, 2, and 3 emissions reporting
- Internal carbon pricing mechanisms
According to Sherry Madera, CEO of CDP, the mapping goes beyond compliance, empowering companies to reduce reporting complexity, enhance climate data usability, and drive strategic sustainability decisions. Patrick de Cambourg, Chair of the EFRAG Sustainability Reporting Board, emphasized the importance of interoperability in simplifying climate disclosures and ensuring reporting efficiency.
This initiative is a major milestone in the ongoing EFRAG-CDP collaboration, supporting businesses in meeting Corporate Sustainability Reporting Directive (CSRD) requirements while avoiding duplication in reporting efforts. CDP, as a key ESRS market adoption partner, will play a pivotal role in providing ESRS-aligned climate data to companies and investors.
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