What type of provider of ESG-related products and services is CDP (formerly known as Carbon Disclosure Project)?

What type of provider of ESG-related products and services is CDP (formerly known as Carbon Disclosure Project)?
A . Nonprofit
B . Large for-profit
C . Boutique for-profit

View Answer

Answer: A

Explanation:

CDP (formerly known as the Carbon Disclosure Project) is a nonprofit organization.

Here’s a detailed explanation:

Nonprofit Organization:

CDP is a non-governmental organization (NGO) that supports companies, financial institutions, and cities in disclosing and managing their environmental impacts. It runs a global environmental disclosure system, which involves nearly 10,000 companies, cities, states, and regions reporting on their risks and opportunities related to climate change, water security, and deforestation.

CFA ESG Investing

Reference: The CFA ESG Investing curriculum recognizes CDP as a key player in environmental disclosure and management, emphasizing its role as a nonprofit organization facilitating transparency and accountability in environmental impacts.