Nearly 20,000 companies disclosed ESG data via CDP in 2022, including 70 per cent of European companies by market value.
A record-breaking 18,700 companies reported their environmental data through CDP and with European companies making up nearly half of all A List companies around the world their environmental data reporting is a vital foundation on the journey to net zero.
“COP27 showed the need for transformational change is more critical than ever if we are to limit warming to 1.5 °C,” said Maxfield Weiss, executive director, CDP Europe. “We must cut emissions by half and eliminate deforestation by 2030, alongside achieving water security on the same timescale – there is no route to 1.5°C without nature.
“With the EU’s new reporting regulation, the CSRD, now agreed, CDP A List companies are showing they are ahead of the game and taking clear action to reduce emissions and to address environmental impacts throughout their value chains. This is the type of environmental transparency and action we need economy-wide to prevent ecological collapse.’’
CDP’s annual environmental disclosure and ESG scoring process is widely used in business, finance and industry. In 2022 over 680 investors with over $130 trillion in assets and 280 major purchasers with $6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are scored an F.