The Carbon Disclosure Project, launched in 2000 in London, aims to accelerate solutions to climate change by putting relevant information at the heart of business, policy and investment decisions. To achieve such a mission, CDP requests carbon and climate change information from the largest companies globally, as measured by market capitalisation, and suppliers of major purchasing organisations. As climate change is a global problem, CDP was established as an international initiative, which collects data from organisations all around the world and develops international carbon reporting standards. It is currently the only global climate change reporting system in place. Since CDP sent out the first request for climate change information in 2003, not only has the number of disclosing companies grown more than tenfold, but also the global reach expanded to some 60 countries and 3000 organisations around the world. Sabanci University became the local partner of CDP in Turkey with the sponsorship of Akbank. The project was launched in January 2010. The range of programmes carried out within the CDP framework includes Supply Chain, Cities, Water Disclosure, Public Procurement, and Investor CDP. Currently, Turkey is implementing the Investor CDP programme, which provides climate change data from the world’s largest corporations to inform the global market place on investment risk and commercial opportunity. In the first year of the Project in Turkey, the companies that are included in the Istanbul Stock Exchange 50 (ISE-50) index representing 50 of the largest companies by market capitalisation in Turkey were invited to respond to the CDP information request.
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