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Altair Global Maintains Management Level Score with CDP

The CDP is a global nonprofit that runs the world’s environmental disclosure system for companies, cities, states, and regions.

Altair Global is thrilled to announce that we have earned a score of B on the 2023 CDP climate change score report. This score is up from a B-minus in 2022, demonstrating our continued drive to improve our business in all areas. The score also maintains Altair’s Management level status.

Leadership-level scores of A are awarded for implementing current best practices. Altair reached Leadership scores in the following areas:

  • Business Strategy, Financial Planning, and Scenario Analysis
  • Governance
  • Risk Management Processes

CDP disclosures are submitted by corporations around the globe to measure their actions to cut emissions and mitigate climate change risks. Altair is among 32% of organizations that reached the Management level in our activity group, Specialized Professional Services. Altair’s score was one full grade higher than the sector average, in addition to North America and global averages.

“I’m thrilled that Altair has continued to make measurable improvement in our sustainability rating year after year,” said Matthew Eschrich, SVP of Client Services and Americas leader for Altair’s Sustainability Committee, under the ESG CATALYST program.

“Our Sustainability Committee and leadership team will continue to prioritize ESG initiatives to do what is right now and for future generations. We know that we have an opportunity to be a leader in the ESG space for our industry and have aligned our business to support our momentum.”

– Matthew Eschrich, SVP of Client Services and Americas leader for Altair’s Sustainability Committee

CDP Scores, Explained

Leadership (A score)
Organizations must show environmental leadership, disclosing action on climate change, deforestation or water security, and demonstrate best practice in strategy and action. These companies will have undertaken actions such as setting science-based targets, creating a climate transition plan, developing water-related risk assessment strategies, or reporting on deforestation impact for all relevant operations, supply chains and commodities.

Management (B-/B score)
Companies that score a B have addressed the environmental impacts of their business and ensure good environmental management. A B-score indicates that a company is showing some evidence of managing its environmental impact but is not undertaking actions that mark it out as a leader in its field.

Awareness (C-/C score)
Awareness also has C and C- scores, with the differentiator being the level of awareness a company has shown in their response. The awareness score measures the comprehensiveness of a company’s evaluation of how environmental issues intersect with its business, and how its operations affect people and ecosystems.

Disclosure (D-/D score)
At disclosure level, companies are awarded roughly one point per data point provided. To score a D over a D- organizations need to have disclosed a more extensive set of information. However, a D-/D score is just the starting point for organizations that want to demonstrate that they have begun their environmental journey.

Failure to disclose (F score)
An F score is given when a requested company fails to disclose through CDP.

Published On: April 24, 2024

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