LRQA and CDP broaden global verification collaboration

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LRQA’s sustainability and climate data verification services lend support to CDP’s aim of putting relevant climate information at the heart of business, policy and investment decisions

LRQA, the world’s leading provider of professional assurance services, broadened its verification collaboration with CDP, including deepening their working relationship globally and an increased focus on providing best practice resources for companies.

CDP is an international, not-for-profit organisation providing the only global system for companies and cities to measure, manage and disclose vital environmental information. It holds the largest collection globally of self-reported climate change, water and forest-risk data, and currently works with more than 827 institutional investors holding in excess of US$100 trillion in assets.

Alan To, LRQA Vice President – Strategic Marketing Global Sustainability, Transportation & Health, said, “Independent verification is fast becoming an integral part of global corporate carbon reporting, and LRQA’s independent sustainability and climate data verification services lend support to CDP’s aim of putting relevant climate information at the heart of business, policy and investment decisions. LRQA’s work in the verification arena is today synonymous with our strategic alliance with CDP, and we look forward to building on the good progress we have made as long-term verification collaborators.”

Paul Simpson, CDP’s CEO said, “For companies reporting through CDP, the value of independent, third-party verification lies not only in the trust that stakeholders can then place in that data, but also in the improvement opportunities that this process can highlight. We’re pleased to be strengthening our relationship with LRQA, and look forward to continuing our work together to drive third-party verification of environmental data.”

Both organisations were represented at the 21st Conference of the Parties (COP 21) in Paris last year, where LRQA addressed the conference on the importance of food safety resilience during one of the keynote sessions, and CDP and its collaborators in the We Mean Business coalition pushed for more ambitious environmental legislations. For the first time in over 20 years of UN negotiations, the COP 21 event saw a new international agreement on climate change to keep global warming below 2°C.

LRQA is one of the founding members of the CDP verification programme, and is represented on CDP’s verification working group, which works to further develop CDP’s approach to the verification of climate change data and support disclosing companies.

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Notes to editors
About LR Management Systems (LRQA)
LRQA is a member of the Lloyd’s Register group. LRQA is a leading independent provider of professional assurance services including assessment, certification, validation, verification and training across a broad spectrum of standards, schemes and customised assurance programmes. LRQA unlocks the power of management systems to improve organisational performance and reduce risk.

About Lloyd’s Register (LR)
Lloyd’s Register (LR) is a global engineering, technical and business services organisation wholly owned by the Lloyd’s Register Foundation, a UK charity dedicated to research and education in science and engineering. Founded in 1760 as a marine classification society, LR now operates across many industry sectors, with over 9,000 employees in 78 countries.

Lloyd’s Register has a long-standing reputation for integrity, impartiality and technical excellence. Our compliance, risk and technical consultancy services give clients confidence that their assets and businesses are safe, sustainable and dependable. Through its global technology centres and research network, Lloyd’s Register is at the forefront of understanding the application of new science and technology to future-proof its clients’ businesses.

About CDP
CDP, formerly Carbon Disclosure Project, is an international not-for-profit organization providing the global system for companies, cities, states and regions to measure, disclose, manage and share vital environmental information. CDP, voted number one climate research provider by investors, works with 827 institutional investors with assets of US$100 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5,600 companies disclosed environmental information through CDP in 2015. CDP now holds the most comprehensive collection globally of primary corporate environmental data and puts these insights at the heart of strategic business, investment and policy decisions.

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Philippa Weare, Global Marketing Communications Manager
LRQA
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