In a landmark move, the nonprofit CDP sold a majority stake in its core operations to private‑equity house Permira. The transaction will split the organization, keeping the CDP Foundation as an independent charity that will hold a minority share in the newly commercial business. The deal is slated to close before year‑end by December 2024.

Since its 2000 launch, CDP has supplied investors, banks and companies with climate, water and other environmental data that underpin risk assessments and valuation models. The new structure will let Permira invest in advanced data tools and analytics, while the foundation continues to champion science‑led disclosure without drawing revenue from the commercial arm in 2024.

The deal, terms undisclosed, signals a shift toward monetizing environmental data as institutional investors seek granular insights. Madera, who will remain CEO of the commercial entity, said the move will enable better tools for banks like HSBC and Citibank to evaluate resilience and physical risk. The foundation will receive a share of transaction proceeds in.

The split mirrors a trend of green standards bodies restructuring for sustainability. With over a quarter of global institutional assets now using CDP data, the transition to a commercial model could accelerate data integration across supply chains. Investors will watch how the new entity balances profitability with the credibility that has defined CDP two decades.