The REP Wrap: CDP announces major overhaul

Your weekly summary of corporate sustainability news.

CDP will reportedly cut its staffing numbers by around 20% as part of a major restructuring. The environmental disclosure platform announced the shake-up on Wednesday, saying it “will support a leaner, technology and partner-enabled CDP, focused on reducing reporting burden”.  

Glencore plans to set biodiversity targets for its “industrial assets” by the end of the year, according to its latest sustainability report. A spokesperson for the Anglo-Swiss miner declined to provide further information about the nature of the targets. Glencore is a target for shareholder engagement initiative Nature Action 100.  

The London Stock Exchange Group has found that more than a third of large and medium-sized companies now mention climate adaptation measures in their annual disclosures, with the real estate sector leading the way (76%), followed by utilities (70%), basic materials (61%) and telecommunications (55%). Its report, published on Monday, estimated the value of the global green economy at $7.9trn.    

The World Business Council for Sustainable Development has published a guide for companies on how to engage their trade associations on lobbying. The five-step playbook, created in partnership with sustainability consultancy Voltans, is the result of discussions with businesses, trade associations and other lobbying experts.  

Private markets investors are prioritising climate, healthcare, water and the circular economy when it comes to sustainability. That’s according to Acuity Knowledge Partners, which surveyed 115 private investors globally and found a third of those running more than $10bn in assets believes sustainable investments now account for 51-75% of their portfolios. The same applied to those with less than $1bn in assets, which Acuity said “demonstrates that the share of sustainable investments does not depend on the amount of assets under management”.