Environmental disclosure questionnaire provider CDP has announced that it will become two “distinct but symbiotic” organisations.
The first body, still named CDP, will continue to operate its questionnaire-based reporting system, now with the financial backing of global investment firm Permira.
A separate charitable organisation, named the CDP Foundation, will be established with the goal of driving strategic principles for environmental disclosures.
CDP CEO Sherry Madera stated: “We are deepening our priorities – enabling CDP to deliver stronger science-led, disclosure and leverage new technologies to simplify the disclosure experience.”
“CDP and CDP Foundation will be united in shared ambition. Together they will uphold a pioneering disclosure system,” she added, “This partnership with Permira will chart a clear path for the future, enabling CDP’s environmental data and insights to deliver greater value to disclosers, companies, financial institutions and wider CDP data users.”