Trinity's Greenhouse Gas (GHG) Verification Team has provided climate data verification and assurance services to a variety of industry sectors for numerous voluntary and mandatory reporting programs. Third-party verification ensures data credibility and accuracy and that is why it is highly recommended. As a verification service provider, Trinity brings the required expertise, skills, and experience to the assurance process with benefits of credibility, trust, and conformity.
What is CDP Verification and Assurance?
The international non-profit organization, CDP (formerly, Carbon Disclosure Project) has established the world's largest repository of data on key environmental parameters (particularly carbon and energy) as reported voluntarily by companies and cities. Climate data is collected from over 7,000 organizations annually and used for investment decisions by many entities, including financial information platforms. Thus, it is important that the climate data submitted are accurate and supported by reasonable assumptions. One of CDP's strategic aims is to promote third-party verification as an integral part of the disclosure process to meet the growing demand for reliable and accurate data. Established in 2000, CDP has expanded its purview from investor climate change disclosure only to now also including supply chain disclosure, water and forest footprint disclosure, development of disclosure and performance leadership indices, and other programs.
Last Wednesday of July - Questionnaires for both investor and supply chain requests annually are due to CDP. CDP reporting and disclosure is performed on an annual cycle. The requests for information (RFI) on behalf of investors are issued in February and directed primarily to Chief Executive Officers of Global 500 companies, as well as companies designated as high impact or voluntary reporters. Supply chain members receive their RFIs in April. Companies can disclose regardless of whether they receive the RFI and can participate in either or both requests under any of the disclosure programs.
Who needs to submit environmental data via CDP?
Increased pressure for business transparency is compelling companies to disclose environmental, social, and governance (ESG) information. Whether through sustainability reporting to standards like the Global Reporting Initiative, indices such as the Dow Jones Sustainability Index, disclosure guidelines such as those of the Sustainability Accounting Standards Board, or investor and supply chain disclosure through EcoVadis or CDP, stakeholders are influencing how businesses operate like never before.
According to CDP, in 2019, over 7,000 companies responded to its climate change, water, forests, and supply chain questionnaires, and over 525 investors with $96 trillion in assets under management, requested information on climate change, water, or forests. CDP's influence is spreading through its supply chain program as well, with 115 companies requesting disclosure by their enterprise partners, comprising $3.3 trillion in procurement spending for 5,600 suppliers.
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Importance of Third-Party Verification
Numerous benefits are realized by a reporting entity from an independent verification of CDP climate change and sustainability data and information.
- Higher CDP response scores
- Improved stakeholder perceptions
- Increased data reliability
- Carbon inventory improvement
Trinity's GHG Verification Team consists of environmental professionals with science and engineering backgrounds, most with advanced degrees and professional certifications. Our multi-disciplined staff provides the highest quality verification services that enhance regulatory compliance while maximizing operational flexibility. Trinity helps its clients accomplish this by combining regulatory expertise, technical proficiency, responsiveness, and creative thinking. Trinity's GHG Verification Team provides the following unique benefits to our clients:
- Subject matter expertise: Trinity is experienced with sustainability scoring assessments and corporate responsibility disclosure programs, including CDP
- Industry leader recognition: Trinity is recognized as an industry leader in air quality and climate change issues
- In-depth knowledge: Trinity's team has in-depth knowledge and understanding of GHG emission inventories and GHG-related regulatory requirements
Verification accreditation: Trinity is an accredited verification body through the California Air Resource Board (ARB) with team members that have accreditations including the following:
- Accredited Lead Verifiers, with all three sector specific accreditations (Oil and Gas, Process, and Transaction)
- ARB accredited Offset Project Lead Verifiers
Professional Credentials: Trinity team members have various related professional credentials, including:
- Certified Professional EHS Auditors through the Institute of Internal Auditors (IIA)
- Certified RABQSA (Exemplar Global) Environmental Management Systems Lead Auditors
- Certified Practitioners for Energy Management Systems
- Certified Energy Auditors
- High quality product: Trinity's consulting and verification practices and operations follow ISO 9001 standards, ensuring the delivery of high-quality technical products
- Relevant project experiences: Trinity has relevant experience in GHG verifications, GHG management plans, enterprise-wide inventories, and carbon footprinting exercises for national and international corporations across various industry sectors and multiple locations
- Streamlined process: Trinity works efficiently with in-house checklists, protocols, and other tools developed during prior GHG emissions verification/ inventory projects
- Proven track record: Trinity's sector leading track record includes the completion of over 100 GHG emission inventory projects and over 50 GHG verification projects annually
- Vision 2020 - Centralized Data for Environmental Reporting -- Oct 10, 2019
- Voluntary GHG Reporting via CDP -- Oct 10, 2019
- CDP Climate Change Disclosure Opportunities for Performance Improvement -- May 01, 2019
- Climate Change Performance Excellence Through CDP Reporting and Disclosure -- Jun 05, 2018
- Improving CDP Disclosure Performance through Verification -- May 08, 2017
- Corporate Performance Excellence through CDP Reporting and Disclosure -- Apr 26, 2017