The European Financial Reporting Advisory Group (EFRAG) and CDP have published a mapping between the EU’s reporting standard ESRS and the CDP question bank.
According to a press release from EFRAG, the interoperability between the two is reflected in internal carbon pricing, gross scopes-1, -2, and -3 emissions, targets, and plans for climate change mitigation transition.
The mapping will enhance reporting efficiency, reduce complexity, and improve stakeholder transparency by aiding businesses in identifying data synergies for CDP and ESRS reporting. Interoperability is enabling companies to efficiently obtain necessary data for significant impact and compliance.
Sherry Madera, CEO, CDP, said, “By bridging ESRS E1 and the CDP question bank, companies can cut reporting complexity, tap into richer climate data, and unlock real business value. These insights will power smarter business strategies, spark innovation, and fuel the Earth-positive decisions we urgently need.”
Patrick de Cambourg, Chair, EFRAG Sustainability Reporting Board, said, “By illustrating the alignment between ESRS E1 and the CDP question bank, we support reporting efficiency by fostering commonality and avoiding multiple reports. EFRAG remains committed to fostering interoperability and reducing complexity in the sustainability reporting landscape.”
The mapping is the latest initiative from the ongoing EFRAG-CDP cooperation, aimed at reducing the reporting burden for companies while supporting global organizations to implement the Corporate Sustainability Reporting Directive (CSRD).
