Record Year for Environmental Data Disclosures – CDP

Nearly 20,000 organisations reported environmental data to disclosure platform CDP in a record year, marking a 38% increase from 2021. A new CDP report suggested the increase may have been spurred by the “world prepar[ing] for mandatory disclosures”. According to CDP’s data, more than 29,500 companies worth at least US$24.5 trillion still failed to respond to disclosure requests, ahead of the introduction of mandatory disclosure regulation in major jurisdictions over the next three years. More than 18,700 companies, representing over half of global capitalisation and including listed companies worth US$60.8 trillion, disclosed their environmental data through CDP this year. With over 3,700 disclosing companies, the US leads countries on corporate disclosures in 2022, followed by China with roughly 2,500, Japan with 1,700 and the UK with 1,400. The manufacturing sector led the way on disclosure by corporate activity with over 7,490 disclosures, followed by services (4,400+), materials (1,690+), food, beverage and agriculture (1,000+) and transportation services (930+). Mercedes Tallo, CDP’s Chief Stakeholder Officer, said: “There is unprecedented agreement among stakeholders that environmental disclosure is a necessity to measure and drive progress to show impact, and it clearly now sits at the top of boardroom agendas and government policy.”

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