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CHICAGO, IL, May 13, 2010 – Data management system provider credit360 today announced it has earned accreditation by the Carbon Disclosure Project (CDP). The CDP is an independent not-for-profit organization representing 534 global institutional investors, with more than US $64 trillion in assets under management that collects key climate change data from 2,500 major corporations around the globe. This accreditation makes credit360 one of only four software providers worldwide (and the only provider in the UK) that meets CDP’s standards for collecting, calculating and reporting greenhouse gas (GHG) information. 

Achieving accreditation also distinguishes credit360 as an official Carbon Calculation Partner of the CDP. This is a significant milestone, as the CDP maintains the world's largest database of primary corporate climate change data and has become the global gold standard for the carbon disclosure methodology and process.

“The CDP accreditation is a significant achievement for credit360.  As a company, we are dedicated to providing solutions that help capture, calculate and communicate carbon and sustainability data, helping our clients achieve greater insight and transparency around carbon emissions,” said Mark Shields, credit360 Ltd Managing Director. “We are proud to be recognized by CDP as a leading provider of GHG reporting solutions and to be one of their designated partners.”

Paul Dickinson, CEO of the Carbon Disclosure Project, said, "CDP is delighted to be working with credit360 as a Carbon Calculation Partner. The software has undergone testing by a third party to ensure meets our criteria for performance and we are pleased to recommend this tool in the calculation of carbon emissions."

 

The evaluation involved producing emissions data replicating a typical company scenario, using credit360 for calculation, reporting and other related activities that support successful reporting of emissions data to CDP.  Data collection was based on the Greenhouse Gas (GHG) Protocol developed by the World Resource Institute and World Business Council for Sustainable Development, and incorporated a full range of scope one to three emission sources. The GHG Protocol is the most widely used international accounting standard for business leaders to understand, quantify, and manage greenhouse gas emissions.

In addition to the initial requirements, credit360 also completed a rigorous testing and review process administered by an additional independent third party, on behalf of the CDP. With more than 70 global clients, at least 20 of which report to the CDP, and steady growth over the last eight years, credit360 passed the CDP requirements for accreditation. 

credit360 has been the leader in sustainability data management since 2001. The Cambridge, U.K.-based company’s web-based data management system tracks energy consumption and greenhouse gas emissions for companies such as McDonald’s, SwissRe, HSBC and many others. Designed and staffed by corporate responsibility and sustainability system specialists, credit360’s web-based data management offers flexible yet rigorous carbon data management, powerful analysis and reporting tools and a cost-effective modular approach that allows organizations to respond as their program evolves. credit360 has a global network of offices with specialists for the European, North and South American, Australian and African regions, and partners with Intertek to provide credit360 systems in China. For more information on credit360, visit: www.credit360.com.

 

The CDP is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world.  It acts on behalf of 534 institutional investors, handling $64 trillion in assets under management and some 60 purchasing organizations such as Walmart, PepsiCo and Cadbury. Almost 2500 of the world’s major companies report their greenhouse gas emissions and climate change strategies through CDP, with 82 percent of the FTSE Global Equity Index Series companies contributing data to the 2009 report, up from 77 percent in 2008. For more information on the Carbon Disclosure Project, visit: www.cdproject.net.