Investor Pressure Boosted Climate Disclosures in 2020, Says CDP

Companies are more than twice as likely to report climate risk data when investors actively pressure them to do so, according to a leading climate-disclosure platform.

More than 1,000 companies were asked by investors to disclose their impact on forests, climate change and water security last year, as part of an annual campaign by the nonprofit CDP. The response rate rose to 20% in 2020 after lingering around 15% for the previous three years, it said in a report released on Tuesday.

The 206 companies that disclosed new information to CDP after investor pressure include Enbridge Inc., Pernod Ricard SA and Nestle SA. They produce ...