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Technology & Data

New Record for CDP Company Disclosures

Global non-profit disclosure platform CDP has seen a record number of environmental impact discloses, with more than 23,000 companies disclosing through the platform. This marks a 24% increase on disclosures made in 2022 and a 300% increase since the Paris Agreement in 2015. This year, listed companies worth US$67 trillion – over two thirds of global market capitilisation – reported environmental data through CDP. USA, China, Japan, UK and Germany were the nations with the highest number of disclosing companies. There was also a “considerable increase” in company disclosures in Asia, with South Korea and Cambodia more than doubling the number of companies that disclosed in 2022. However, while climate change, water security and deforestation reporting increased, just 1% of companies reported on all three areas, which CDP said underlines the need to “enable better disclosure on nature”. Sherry Madera, CEO at CDP, said: “With over 23,000 businesses disclosing through CDP this year, it is clear that sustainability – and the data that underpins it – is not a ‘nice to have’, but an essential part of long-term success in the business community that is showing no sign of slowing down”.

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