153As the urgency of addressing climate change increases, carbon emission constraint mechanisms and trading systems are gradually being perfected. The international carbon disclosure project CDP is receiving more attention, and an increasing number of companies are facing carbon emission constraints and disclosure requirements. This is especially urgent for supplier companies when it comes to carbon information disclosure.
CDP, the Global Environmental Information Research Center, is an international organization headquartered in London, dedicated to promoting the reduction of greenhouse gas emissions by businesses and governments, and protecting water and forest resources. CDP has been rated as the world's top climate research institution by investors. CDP collaborates with over 680 institutional investors, with total assets exceeding $130 trillion, and more than 200 procurement companies, using the power of investors and buyers to encourage enterprises to disclose and manage their environmental impact.
How can companies efficiently complete the CDP questionnaire and meet high-score requirements? How can they uncover the weak points in carbon management and identify future emission reduction potential from carbon inventory data? How can they strategically enhance their low-carbon development level?
As China's leading integrated cloud platform and consulting service provider for carbon management, Carbonstop offers excellent solutions to these practical problems and has gained a stellar reputation in the CDP service sector.
This article will use Shengma Shareholding, a Michelin supplier, as an example to explore how Carbonstop provided a comprehensive solution that helped them achieve "excellent results" in the CDP questionnaire and improve their low-carbon development level.
Source: Shengma Shareholding Official Website
Shengma Industrial Co., Ltd. (hereinafter referred to as "Shengma Shareholding") is a large-scale enterprise controlled by China Pingmei Shenma Group, focusing on the chemical and fiber industries. It serves as the management platform for the nylon sector of China Pingmei Shenma Group. Shengma Shareholding is a supplier to Michelin.
Michelin's Climate Action Call, Shengma Embraces Green Responsibilities
In the face of the severe global challenge of climate change, Michelin has been committed to practicing low-carbon sustainable development. Over the past two decades in China, Michelin has upheld the principle of "respecting the environment" and contributed to more energy-efficient and environmentally friendly travel and road transportation through its green and energy-saving tire products and solutions. Additionally, Michelin raises public awareness of energy conservation, emission reduction, and environmental protection through various initiatives.
Source: Michelin Official Website
As part of Michelin's global supply chain, low-carbon sustainable development is also a fundamental principle for Shengma Shareholding.
Furthermore, in the global efforts to address climate change, China has evolved from a participant and contributor to a significant leader. Greenhouse gas emissions from the supply chain are approximately four times those from direct business operations. As the world's factory, China bears significant responsibility for managing the supply chain and improving the climate environment.
As a large state-owned chemical enterprise, Shengma Shareholding is committed to following a green and sustainable development path, actively contributing to local economic development and ecological civilization construction.
The "6+1" Model, Delivering the Best CDP Performance
As a member of the CDP global supply chain, Shengma Shareholding initially faced several challenges in completing the CDP questionnaire:How to understand the complex rules and procedures? How to handle nearly 300 obscure and difficult questions and meet the tight submission deadlines? How to improve efficiency and ensure the quality of the questionnaire?
To address these challenges, Carbonstop developed a "6+1" customized solution for Shengma. With Carbonstop's mature reporting model and forward-looking strategies, Shengma delivered outstanding results, becoming a standout performer among Michelin suppliers in CDP disclosures.
The "6" refers to the "six-step" process that Carbonstop has refined based on its experience serving nearly 100 Fortune Global 500 supplier companies, helping them clarify the CDP carbon disclosure reporting process.
The "1" refers to the scientific carbon target setting and application service. In addition to the CDP questionnaire reporting service, Carbonstop also provides companies with scientific carbon target setting services, assisting them in submitting commitment letters and undergoing reviews, ensuring that supplier companies follow through on their climate ambitions.
Scientific Carbon Target Application Process
After fully tapping into its carbon reduction potential and conducting scientific quantification assessments with Carbonstop, Shenma proactively disclosed its climate change response measures and actions, and successfully joined theScience-Based Targets initiative (SBTi). It actively set carbon reduction targets to address climate change, thereby continuously enhancing its climate leadership.
Under Carbonstop's"6+1" CDP solution, in 2018, Shenma was awarded the title of Best Supplier for China's Climate Change Response in 2017 by the Global Environmental Information Centre. In 2020, it received an A- rating on both the CDP Corporate Climate Questionnaire and the Supply Chain Questionnaire, and has been recognized as an outstanding supplier for climate change response by CDP for multiple consecutive years. Shenma has also become a benchmark supplier globally in responding to the call for climate action.
In the future, Carbonstop will continue to provide support and protection for Shenma and other suppliers, helping enterprises achieve green development and collaboratively realizing the "dual carbon" goals.
