CDP proposes that reporting companies report their greenhouse gas emissions on the basis of financial accounting rules. At the moment companies can choose between consolidation approaches [financial control, operational control, equity share] when applying ISO 14064-1 or the GHG Protocol. The consequence of this is that carbon footprints of companies are often not comparable.
The proposal of CDP is that companies report 100% of the emissions over the companies under financial control. This includes leased assets. Joint ventures and participations report greenhouse gas emissions according to the percentage interest or equity share. The Carbon Disclosure Project requests information on greenhouse gas emissions and climate change strategies to 4700 of the planet's largest companies every year.It does so on behalf of 534 institutional investors with a combined $64 trillion in assets under management.
