African and Asian companies more receptive to climate disclosure requests

Report from CDP

Companies in Africa and Asia are significantly more likely to produce climate disclosures if they are targeted through a shareholder or financial institution campaign, according to a report from CDP.

The report summarised the results of a programme between CDP and financial institutions to promote climate disclosure from companies across the globe. 260 financial institutions participated in 2022, 23% of which were from the UK. They engaged with 1,466 companies from 30 countries. The report compared them to a control group of 2,976 companies that have failed to respond to disclosure requests. It found that companies were 2.3 times more likely to disclose after being targeted by a financial institution. This rose to 2.6 times more likely for companies in Asia. ESG more conside...