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Financial institutes are putting pressure on more than Ten Thousand companies to disclose environmental impact as a result of CDP.

Thousands of companies are being asked to disclose data on their environmental impacts. Some of the data they are being asked for includes information on climate change, deforestation, and water security.

According to Environmentalleader, this includes over 10,440 companies with over $130 trillion in assets. Also, 100 new companies have joined the Climate Pledge, so there are now about 300 companies involved in it.

The Climate Pledge is an agreement according to which companies have to agree to measure and report their greenhouse gas emissions, use decarbonization strategies, and have net-zero annual emissions by 2040.

“CDP, which is a non-profit that runs an environmental disclosure system for businesses, municipalities and governments, says nearly 100 more financial institutions are involved in the disclosure request compared to last year. The result of such efforts has increasingly led to results, and CDP said last year it received its highest corporate disclosure numbers on record. Nearly 3,200 companies out of 7,176 requested to disclose their environmental information in response to CDP’s request in 2021.”

More and more companies are becoming transparent in their sustainability efforts. The boards of big companies are also being filled by people who have environmental experience. Governments such as Europe, New Zealand, and Japan are also making environmental impact disclosures mandatory. 

Marina is passionate about sustainability and works to help ensure our planet stays as our home for a long time. She takes part in environmental conservation by recycling and not buying single-use plastic.

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