IRVINE, CA and LONDON, UK - (July 31, 2012) — FirstCarbon Solutions, a pioneer and industry leader in environmental sustainability solutions for business, today announced an expanded partnership with the Carbon Disclosure Project (CDP). FirstCarbon Solutions will score companies’ submissions on their greenhouse gas emissions and carbon management strategies to CDP Supply Chain, a program that works with global corporations to measure and understand the impacts of climate change across their supply chains. CDP, an independent, not-for-profit organization, is focused on helping companies and cities measure, disclose, manage and share information on environmental risk and opportunity, all with the goal of preventing dangerous climate change and protecting our natural resources.
Climate change and sustainability reporting transparency is increasingly important to consumers, shareholders and other stakeholders. But creating an accurate and comprehensive carbon management inventory is challenging, especially since, according to CDP in their 2011 Supply Chain Report,more than half of an average corporation’s total carbon emissions comes from the supply chain rather than operations within its own four walls. The CDP Supply Chain program takes aim at that challenge, moving beyond the measurement of direct greenhouse gas emissions to include climate change risks and opportunities across the supply chain.
As CDP Supply Chain’s scoring partner, FirstCarbon Solutions evaluates information provided by participating suppliers,which is used to determine the company’s disclosure and performance score. The scoring methodology is standard across all CDP programs and is developed by CDP with consultation from scoring partners, responding companies, and others. These scores allow the 54CDP Supply Chain members - including Vodafone, Pepsico,Walmart and their suppliers -to benchmark performance, examine practices and develop year-on-year performance improvements based on the sustainability scorecards developed by FirstCarbon.
FirstCarbon Solutions will score responses from thousands of suppliers in the coming months to determine the quality of disclosure and the level of climate change performance.Upon request, FirstCarbon Solutions will provide participating suppliers a summary reportwith more details regarding their score and will offer, as a value-added service, additional insights and analysis into the scoring of their submission.
“FirstCarbon Solutions has proven to be a valuable partner to CDP by providing scores to thousands of companies and customized feedback on those scores,” says Dexter Galvin, Head of CDP Supply Chain. “This clearly demonstrates both their data processing capability as well as their subject matter expertise in corporate climate change strategy.”
“This marks the second year that FirstCarbon Solutions will be involved in the CDP Supply Chain project, which continues to expand and have a positive impact on climate change,” says James Donovan, President and CEO of FirstCarbon Solutions. “Today, more companies are pursuing strategies and CSR reporting practices to reduce greenhouse gas emissions. Our proven data management and carbon accounting expertise provides CDP Supply Chain participants with standard, practical scoring information that is easy to use and digest and fosters the transparency required for effective carbon management across the supply chain.”
About FirstCarbon Solutions
FCS advances sustainable practices around the world and helps organizations responsibly grow and operate their businesses. Seamlessly delivering fully integrated, cost-effective consulting, data management and software solutions, FCS helps clients save time, reduce costs, optimize resource use, and drive operational efficiencies in a world where sustainability matters. With more than 30 years of environmental and sustainability consulting experience, FCS meets its clients’ ever-evolving environmental and compliance needs in energy, air and carbon management; environmental assessments and planning; supply and life cycle assessments; permitting and compliance; software and data processing.
FirstCarbon Solutions is a member of ADEC Innovations, a global provider of onshore managed services and offshore outsourcing solutions for governments and businesses worldwide.
For additional information, visit ADEC Innovations website.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.
For FirstCarbon SolutionsSteve Fiore
S&S Public Relations, Inc.