The annual financial institution-led Non-Disclosure Campaign (NDC) launches with an unprecedented 288 global institutions directly engaging 1,607 of the world’s highest-impact companies to demand that they disclose environmental data through CDP, the global environmental disclosure non-profit. The campaign sees financial institutions using their influence and market position to help drive responses from companies that have failed to respond to CDP’s disclosure request.

CDP’s analysis of its 2022 non-disclosure campaign, which drove responses from 388 high environmental impact companies, revealed that companies were overall 2.3 times more likely to disclose if they were directly engaged by financial institutions. This year, Schroders, Cathay FHC, Aviva Investors, Manulife, Sumitomo Life Insurance, AQR, Legal & General Investment Management (LGIM) and PGGM will join financial institutions from across 31 countries, with a staggering total US$29 trillion in assets, to urge non-disclosing companies to respond to CDP’s disclosure request.

Since the campaign launched in 2017, financial institutions’ participation has more than quadrupled – showing an average yearly growth of 33%. The companies targeted in the 2023 campaign include repeat non-disclosers such as Saudi Aramco, Exxon Mobil Corporation, Glencore, Chevron, Tesla Inc, Volvo Group, Roche Holding AG, and Caterpillar. Combined, all 1,607 high-impact companies sprawled across 51 countries, represent a combined +US$21 trillion in global market capitalization (as of February 2023), and emit an estimated +4,200 megatonnes (Mt) of carbon dioxide equivalent (CO2e) annually – almost equivalent to the GHG emissions of the United Kingdom, the European Union and Canada combined.

For further information visit; https://cdpturkey.sabanciuniv.edu/en/content/cdp-2023-non-disclosure-campaign