Improving global SME sustainability disclosure
In 2023, Divine Ox was commissioned by CDP (Carbon Disclosure Project) to support the evolution of their new small and medium enterprise (SME) carbon disclosure questionnaire. 80% of the world’s corporates disclose their carbon reporting to CDP.
The aim of the project was to provide insights and learning to CDP and their stakeholders on the challenges SMEs face and then recommending innovative solutions to support the global SME supply chain in reporting carbon disclosure.
- We studied and reported market behaviour of supply chain across multiple sectors and legal jurisdictions
- We engaged with capital providers, large industry corporates, markets authorities and business organsiations, especially those representing the SME sector
- We surveyed SMEs across supply chains and geographies to ascertain their capability to engage with evidenced carbon disclosure at scale
- Divine Ox was able to capture the main challenges that SMEs faced as they started their carbon disclosure journey
We were able to identify several behaviour and system change solutions that stakeholders would have to engage in to meet the challenge of SME carbon disclosure at scale that included, simplification, education, digitisation and incentivisation.
This enables CDP and its stakeholders to review their approach to the supply chain engagement.