We are thrilled to announce that as a result of our annual environmental disclosure submitted to CDP in 2023, Severfield has been given an ‘A’ score for transparency on climate, securing our place on CDP’s A List for Climate.
CDP is a global non-profit that runs the world’s environmental disclosure system and holds the largest environmental database in the world, and it scores organisations from D to A, with A representing ‘Leadership’ in the field. In order to be awarded an ‘A’ for climate change by the CDP, and secure the associated ‘leadership’ status, organisations need to have shown that they are behaving like industry leaders when it comes to their practices.
Severfield’s place on the CDP’s ‘A List’ this year demonstrates our thorough understanding of risks and opportunities related to climate change, and that we have formulated and implemented strategies to mitigate the effects of our operations on the environment.
Phillipa Recchia, Group SHE Director at Severfield plc, said: “Severfield’s commitment to sustainability and reducing our impact on climate change has never been clearer. As market leaders in the steel industry, we have a responsibility to display best practice when it comes to environmental disclosure, and we are pleased that CDP have recognised that we are delivering on this."
In a year of ever-increasing environmental concerns around the world – from extreme weather to unprecedented losses to nature – the need for transformational, urgent, and collaborative change is more important than ever. Severfield looks forward to continuing its work on improving our ways of working and making even more progress in relation to the environment in the years to come.
What is CDP?
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $136 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests.
Over 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization - and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.
CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.