Dublin, 26th October 2022 – BidX1 today announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform. BidX1 has disclosed through CDP since 2021.
In doing so, BidX1 is prepared to respond to the increasing demand for environmental transparency from customers, policymakers and financial institutions. In its submission, BidX1 reported on its carbon reduction initiatives and climate corporate governance.
Eanna Glynn, Head of Sustainability at BidX1, said: “Businesses must combine meaningful action with comprehensive reporting as we work towards decarbonizing our future. BidX1 are proud to have submitted a full climate change disclosure to the CDP again this year.
“Transparency ensures accountability – and accountability ensures progress. Our CDP disclosure is a crucial pillar of our environmental action plan.”
Dexter Galvin, Global Director of Corporations and Supply Chains at CDP, commented: “Another year of extreme weather, including floods, droughts and record temperatures, has shown us that climate change is already posing a real and increasing risk to companies and their supply chains. Companies have a fundamental role to play in securing a sustainable net-zero, deforestation-free and water-secure world. It is only through measuring their environmental impact, risks and opportunities that they can manage them and prepare for the future. By disclosing through CDP, BidX1 has taken a vital first step. I look forward to their continued dedication to transparency and action for the benefit of all people and planet.”
More than 680 financial institutions with US$130 trillion in assets, and 280 purchasing organizations representing US$6.4 trillion in procurement spend, requested environmental data from companies through CDP. A record 18,700+ companies responded in 2022.
More information about BidX1’s sustainability journey is available here:
- Sustainability at BidX1
- Enterprise Ireland Case Study
- BidX1's 'First Responder' Journey
- Carbon Neutrality
The full list of companies disclosing through CDP can be accessed here.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.
Visit cdp.net or follow us @CDP to find out more.
BidX1 is Europe’s leading digital property investment platform. The PropTech company has built a digital platform which connects users across the globe with property investment opportunities in five markets and enables them to complete the entire transaction online using proprietary technology. Established in Ireland in 2011, BidX1 is the market leader in online property transactions; the company has sold more than 15,000 properties to date, raising more than €3 billion. 36,000 bids were placed through the BidX1 platform last year, with buyers from more than 60 countries to date.
BidX1 was recognised as a ‘Best Managed Company’ by Deloitte in 2022 and has received numerous other awards, including an Irish Times Innovation Award in 2018, and a KPMG Property Industry Excellence Award in 2019.
For more information, visit www.bidx1.com.
Keep up-to-date: Follow us on LinkedIn.