Less than 1% of companies systematically communicate their main negative impacts on the environment, revealed the CDP, an organisation that publishes data on the environmental impact of the largest companies, in a study published on Wednesday 6 March.
These figures indicate that there are gaps in the overall assessment of negative impacts by companies.
“Financial institutions need high-quality, comprehensive data now to make informed decisions and meet mandatory reporting requirements”, said Sue Armstrong-Brown, Director of Thought Leadership at CDP, in a press release. The CDP’s latest findings “highlight the threats of companies overlooking that overlook holistic assessments and disclosure of environmental impacts”, she said.
The European Sustainability Reporting Standards (ESRS) came into force for large companies in January 2024 (see EUROPE 13359/17). The CDP therefore calls on companies to prioritise the disclosure of indicators relevant to them, identified through thorough materiality assessments, and to adopt science-based targets for climate and nature.
It also calls on policymakers and financial regulators to resolve the problem of data availability by implementing high-quality mandatory disclosure requirements.
Read the CDP report: https://aeur.eu/f/b64 (Original version in French by Anne Damiani)