Trucost worked with UK homebuilder Taylor Wimpey to optimize its response to the CDP’s annual Investor Climate Change questionnaire.
Trucost compared Taylor Wimpey’s draft response to the CDP’s scoring matrix to identify scope for improvement. Trucost’s many years of experience in this area means it is ideally placed to know how to maximize a company’s score. Taylor Wimpey’s score improved from 75% for disclosure and a D rating for performance in 2013, to 88% and a C rating in 2014, giving it the second highest score among UK homebuilders.
The increase was due to Taylor Wimpey’s introduction of a sustainability strategy, carbon reduction targets and the implementation of carbon saving measures. By working closely with the company, Trucost was able to bring together information on these sustainability initiatives in a clear and coherent way which would optimize its CDP response. In particular, Trucost clarified the CDP’s requirements on managing the risks and opportunities of climate change, as well as on the disclosure of supply chain emissions, both of which are challenging areas.
“Taylor Wimpey has benefitted from Trucost’s expert, clear and systematic approach to CDP’s Climate Change benchmark. We believe our score reflects our genuine efforts and progress in climate change disclosure and performance”.