To gain full points on verification, companies should report verification of 70% or more of their reported Scope 1 and Scope 2 emissions in questions CC8.6 and CC8.7 and that they have not excluded any relevant sources from their GHG boundary in question CC8.4.
Partial points will be available to companies verifying less than 70% of their reported Scope 1 and Scope 2 emissions or to those who have reported relevant exclusions from their boundary in the question CC8.4. No changes have been made to Scope 3 emissions verification requirements.
A company should attach a third party verification/assurance statement (e.g. PDF, letter from verifier, CDP verification template). This can also be part of a larger document such as a CSR report. Note: website links will NOT be taken into account (in certain circumstances screenshots will be accepted – e.g. EU ETS database)
This documentation needs to:
- clearly relate to GHG emissions;
- relate to the relevant scope;
- relate to the correct reporting year;
- state the verification standard used**
- contain a verification opinion or finding.
** Standard used needs to comply with CDP criteria – see list of accepted standards.
If a company has had verification of a report (e.g. a CSR report, or ESG data contained within an annual report), they should attach the report itself alongside the verification statement, so that scorers and data users can identify what data has been verified. It is also acceptable to attach the whole report if it includes the statement from the verifier.
As companies’ verification procedures are not necessarily linked to the CDP reporting cycle, ‘verification under way’ is accepted under the scoring methodology, with full points available as long as the previous verification/assurance statement is attached as proof of process.
In addition, companies that are required to use CEMS (continuous emissions monitoring systems) for regulatory purposes can also achieve full points where they can provide appropriate evidence. Companies for whom this is relevant should select “no third party verification – regulatory CEMS required” and complete the necessary details in accordance with the guidance.
CDP’s strategic goal is to drive action by companies and cities globally to reduce greenhouse gas emissions, safeguard water resources and prevent the destruction of forests. To achieve this goal CDP has four key aims, all of which are laid out in CDP’s strategic plan. One of these aims is to make environmental performance central to investment and business decisions by, amongst other things, improving the quality and accessibility of our data. As verification of data is a key component of this, CDP continuously reviews verification requirements and considers how we can further raise the bar on verification of environmental data.
Please note that CDP is committed to providing one year’s notice to companies about any changes that will come into place concerning verification requirements.
For further details on scoring and reporting requirements, please consult the CDP guidance and scoring methodology, watch a webinar on changes from 2014 to 2015 or refer to the verification FAQ document.