The Carbon Disclosure Project (CDP), under which around 3,000 organisations across the world’s largest economies measure and disclose their greenhouse gas emissions and climate change strategies ahead of reduction targets, launched the system with the Clinton Climate Initiative and C40, a group of the world’s largest cities committed to tackling climate change.
They have asked the 40 member and 19 affiliate member cities of the C40 to voluntarily measure and report to CDP so they can manage risks, reduce carbon and further adopt strategies that safeguard their future.
London, Toronto and New York have already agreed to report their carbon emissions data to CDP.
"Cities play an essential and leading role in accelerating solutions to climate change and C40 cities are already making a massive impact," said David Miller, mayor of Toronto and chair of C40.
"CDP will provide a reporting platform that allows C40 cities to track their progress on reducing greenhouse gas emissions and share that critical data with each other and around the globe."
Research released by CDP today details how standard disclosure from local governments can help cities share best practice, manage risk, increase operational effectiveness and cost savings, attract investment, foster innovation and lead to safer, more prosperous cities.
The report can be found here.