After making an updated submission for 2023, TD SYNNEX has achieved a ‘management’ level score with CDP – the recognised disclosure system used by organisations across the world to manage their climate impacts. The achievement marks a significant step-up from its previous ‘awareness’ level score and demonstrates the progress being made by the company in driving its sustainability plans forward.
► Company moves into the top half of scale for climate disclosure and performance
On CDP’s scale, this means TD SYNNEX has moved from ‘C’ to ‘B-‘ (B minus). Companies are scored from D- to A on the scale, with A being the highest level of transparency and performance. The scores provide a snapshot of a company’s environmental disclosure and performance and shows where organisations are on the road towards operating in line with a 1.5-degree, deforestation-free and water-secure future.
To be given a rating, companies must subject themselves to an accurate, transparent assessment of environmental impact and progress. The CDP scoring methodology is fully aligned with the Taskforce for Climate-Related Financial Disclosures (TCFD) and with major environmental standards, and therefore provides a comparable dataset across the market.
Kevin Wragg, Director for Sustainability said “one of the highlights of the TD SYNNEX disclosure was our global net-zero by 2045 target. This is aligned with our commitment to SBTi. While this is a global commitment, the UK&I operation expects to achieve net zero sooner. “
CDP is becoming an increasingly recognised way of providing an open disclosure of progress on net zero plans. In 2023, disclosure numbers rose by 24% year-on-year to over 23,000 – and marked an over 140% increase from disclosure in 2020, with 86% of the S&P 500 and 94% of FTSE 100 companies making use of the CDP Climate Change scale.
