Over 10,000 companies, cities, states and regions have reported data through CDP on climate change, water security and deforestation in 2020. This is a significant increase in the number of corporates disclosing, with 9,617 companies, worth over 50 per cent of global market capitalisation, disclosed their environmental data through CDP this year.

CDP reported increases in corporate disclosures across all three categories it covers: climate change, forests and water security.

The rise in corporate disclosures is a response to requests for information from 515 investors with $106tr in assets, and over 150 major purchasing organisations with over $4tr in buying power, including Airbus, Sainsburys and Nike.

Paul Simpson, CEO of CDP, said: “We launched CDP two decades ago from a small basement office in the City of London, with the ambition of transforming capital markets to address the climate crisis. Environmental accountability was a nascent concept back then and ESG information was threadbare. Alongside a group of pioneering investors, we came up with the idea of leveraging shareholders’ influence to push companies to disclose on their environmental impact.”

In 2018, CDP integrated the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) into its disclosure platform so every company that discloses through CDP provides a TCFD data set to the market. CDP is currently collaborating with the key standards providers to support aligned and comprehensive corporate ESG reporting.

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