Energy Points, a source energy intelligence company, has partnered with CDP to help companies analyze and report on their energy use from source to site.
CDP holds the largest collection globally of self-reported climate change, water and forest-risk data.
Energy Points uses geospatial big data, which now includes data from CDP, and algorithms to quantify and analyze source energy.
Source Energy Analytics will be a “valuable tool” for CDP-responding companies, looking to go beyond disclosure and make information-driven decisions on how they can reduce their emissions, says Paul Robins, head of partnerships at CDP.
The company measures energy use from its source to the site of consumption, while accounting for resource scarcity and environmental impact. The source energy analysis it provides makes it possible to integrate electricity, water, fuels and materials, enabling apples-to-apples comparisons and insights across resources, while also improving the accuracy of reporting with its localized energy analysis.
A CDP report published this week says Gap, HP and Dr Pepper Snapple Group are among the S&P 500 companies facing climate change related risks and costs.
The report, which reviews findings from CDP 2011-2013 disclosures, finds reported risks affect companies in all economic sectors and include damage to facilities, reduced product demand, lost productivity and necessitated write-offs, often with price tags reaching millions of dollars.