The NZDPU proof of concept, supported by CDP, will provide an initial set of companies’ Scope 1, 2 and 3 emissions and reduction targets.
Global non-profit disclosure platform CDP and the Net-Zero Data Public Utility (NZDPU) have confirmed a strategic collaboration that aims to “accelerate access” to core climate data.
The NZDPU is due to release its proof of concept at COP28 later this year. This will be supported by CDP, with the proof of concept providing an initial set of companies’ Scope 1, 2 and 3 greenhouse gas emissions and reduction targets.
Data provided by CDP will enable NZDPU users to experience its initial set of features and offer “valuable insights” to inform its future releases.
CDP said that access to “high-quality and consistent” climate transition-related data “enables action, creates transparency, encourages accountability and will help accelerate the transition toward a net-zero economy”.
The goal of the NZDPU is to provide an open, free, and centralised data repository allowing all stakeholders to “easily” access key climate transition-related data, commitments, and progress of businesses and financial institutions toward those commitments.
The proposal for the NZDPU was created by the Climate Data Steering Committee (CDSC), which was established in June last year by French President Emmanuel Macron and UN Special Envoy for Climate Ambition and Solutions Michael Bloomberg.
Mary Schapiro, Chair of the CDSC, said: “The collaboration between CDP and the NZDPU marks a critical step towards achieving the CDSC’s vision of a centralized repository that provides free access to verifiable, foundational climate-transition-related data.”
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