Source 44 One of Five Accredited Consultancy Partners in the U.S. to Deliver Carbon Disclosure Project Response Check Service
SOLANA BEACH, California and LONDON, England (April 11, 2011) Source 44 LLC, the world’s leading provider of Supply Chain Sustainability data services and Product Footprint Data Sheets (PFDS)™, announced today that they have been selected by the Carbon Disclosure Project (CDP) to join the organization’s new sustainability management program. The CDP, which is recognized as the world’s leading climate change organization service, announced the expansion of the Source 44 partnership today with the creation of the new Investor Survey Team for CDP’s Response Check program.
Source 44 is one of only five CDP-accredited consultancy partners in the U.S. who will be delivering the Response Check service.The new service will support the thousands of companies that report their climate change data through CDP.
“This program dramatically expands our relationship with CDP,” said Jess Kraus, Source 44 President and CEO. “I’m pleased to be able to leverage our team of carbon experts on behalf of CDP and their reporting companies -- some of the world’s biggest brands and leading firms.”
In CDP’s announcement, the organization stated that the new service, Response Check, is a high-level quality assurance service for CDP-responding companies that have completed their 2011 CDP response. Prior to final submission to CDP, an external quality check can now be performed by Source 44 to ensure the response is as complete as possible.
Source 44 COO Matt Thorn has led the company’s efforts with CDP, and sees the new program as an outstanding means of leveraging his company’s team of carbon disclosure expertise. “This new program,” Thorn said, “gives us the opportunity to not only leverage our team of sustainability analysts, but also our technology platform and database of sustainability information.”
The Response Check offering, which will be standard around the world, features a thorough review of a company’s final CDP response, followed by a collaborative feedback session by email and/or teleconference -- depending on individual company needs and requirements.
“The opportunity to partner with CDP in this program,” said Mike Fraser, Source 44 EVP and Chief Development Officer, “further cements Source 44 as a leader in this new and growing industry. Partnerships such as this are critical to our company’s further expansion and development, and provide us with the opportunity to expose Source 44’s expertise to some of the world’s largest and forward-thinking companies.”
As one of CDP’s accredited consultancy partners, the company has received proprietary training from the organization on the Response Check methodology and process. CDP explained that while the service does not guarantee a responding company a better disclosure or performance score, it does provide an additional set of “expert eyes” reviewing a response before final submission, with an emphasis on completeness rather than the quality of the content.
Joanna Lee, Chief Partnerships Officer at CDP added, “This new service is aimed at ensuring the data submitted to CDP is as accurate and complete as possible, and we hope that this will prove a useful additional check for some of the thousands of companies that report through CDP. Sometimes seemingly minor mistakes can let a response down and this new service aims to provide an additional safety net.”
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About Source 44 LLC
Source 44 discovers the origins of their clients’ products – their Sustainability DNA (sDNA™) – and transforms these findings into innovative supply chain savings. They compile and store this information in their proprietary database of Footprint Data Sheets®, which their clients access through Source 44’s hosted online subscription service. Source 44 also partners with their clients to help prioritize their energy, water, carbon and waste reduction initiatives, helping to ensure they meet sustainability targets while eliminating unnecessary costs and identifying new revenue-generating opportunities. Source 44 derives its name from the molecular weight of carbon dioxide – 44 – the measuring stick of Greenhouse Gases, and is based in Solana Beach, CA, with offices in San Diego and Dallas.
About Carbon Disclosure Project
CDP is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world.Thousands of organizations from across the world’s major economies measure and disclose their greenhouse gas emissions and climate change strategies through CDP. The organization represents some 534 institutional investors, ranging from pension funds like APG Investments and CalSTRS to insurance companies like Allianz, Axa and Swiss Re to mainstream blue chip asset managers such as Barclays, Bank of America, Goldman Sachs, Mitsubishi UFJ and Morgan Stanley, with combined assets under management in excess of $64 trillion. CDP also works with some 60 purchasing organizations such as Walmart, Cadbury, Dell and PepsiCo and with local and national governments to facilitate the collection of climate change data from their supply chains. CDP’s work has has been applauded by Bill Clinton (former US President), Al Gore (former US Vice President), Jeff Immelt (CEO, General Electric), Rupert Murdoch (Chairman, News Corporation), Angela Merkel (German Chancellor) and Tony Blair (former UK Prime Minister).
For More Information
Source 44 LLC
Lauren Gambaccini, Marketing Communications Manager
Email: marketing@source-44.com
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