The 2021 CDP results are out! Despite the continued challenges posed by Covid-19 we’re so proud of our CDP team and our clients for maintaining focus to achieve excellent results.
In 2021, a record-breaking 13,000+ companies representing over 64% of global market capitalization disclosed through CDP – 35% more than last year, and over 141% more than when the Paris Agreement was signed in 2015.
How did our clients perform?
After significant changes were made to the questionnaire in 2020 including a completely new questionnaire for financial institutions, the 2021 reporting cycle didn’t see any major changes, however it’s clear from overall results that the standard to achieve a Leadership or Management (A or B) score has increased.
CDP disclosed that “The Climate A List decreased from 280 in 2020 to 200 in 2021, as the consensus on what qualifies as climate leadership has evolved and the bar has been raised. The decrease is due to CDP continually ratcheting up the requirements of what qualifies as climate leadership, not corporates taking steps backward. Much of the low hanging fruit at companies’ disposal has now been utilised and more ambitious action is now urgently required”.
Despite this tightening of criteria and the difficulty of collecting data during lockdown we are thrilled to see our clients rewarded with great CDP results, demonstrating commitment to ESG and showing market leadership.
- 100% of our clients achieved an A or B score
- 100% of our clients scored A or B in the financial services questionnaire for a second year in a row.
This achievement demonstrates our clients’ consideration of climate risk along with their ambition towards creating more sustainable businesses and working towards a zero carbon future.
Are you prepared for CDP 2022? Get in touch today