CDP Changes 2024: Streamlining reporting and boosting your score

If you're part of a company looking to report using the CDP, you're likely aware of its significance in meeting investor and stakeholder expectations and understanding your supply chain impacts.

After experiencing a 30% increase in submissions last year, the CDP has announced some important changes for 2024. These changes include consolidating topics, paying closer attention to forest-related disclosures, and aligning more closely with the International Financial Reporting Standards (IFRS) S2.

While these changes may present challenges, the CDP expects them to ultimately make the ratings process smoother, especially given the expected high volume of submissions for 2024.

In this guide, we'll walk you through what CDP reporting involves, highlight the changes for 2024, explore common reporting challenges, and provide strategies to streamline your reporting process and improve your score.