As the COP29 sessions continue in Baku, the 2024 CDP corporate reporting data has been released. With contributions from over 24,800 companies representing two-thirds of the global market value, a record has been set for corporate reporting this year.  

This year brought significant innovations aimed at tackling environmental issues with a holistic approach. Themes such as climate change, deforestation, and water security were combined into a single questionnaire, transitioning to integrated reporting. Additionally, questions on biodiversity and plastics were made available to all companies. These updates to the CDP questionnaire have made reporting more comprehensive and impactful.  

• In 2024, more than 24,800 companies, representing two-thirds of the global market value, reported their environmental data through CDP.
• CDP reporting now covers over 66% of the global market value, showing that reporting has become a business norm.
• The number of companies reporting on all three themes—climate change, water security, and deforestation—increased by 122% between 2023 and 2024.
• 12,500 companies reported using CDP's new SME questionnaire, with the highest participation from SMEs in Asia and Europe.
• According to CDP data, the world's largest companies foresee approximately $5 trillion in climate-related opportunities, more than double the amount reported in 2018.
• These insights act as a bridge to action, helping companies capture these opportunities and supporting governments in developing investable and trackable NDCs.

Reporting is not just a procedure but a starting point for real change. As the COP discussions progress, CDP urges governments to leverage this extensive data to develop credible and investment-worthy Nationally Determined Contributions (NDCs) that inspire market confidence. This data forms the foundation for a sustainable transformation that drives economic growth, innovation, and job creation.  

Companies must also take action using this data. Data-driven steps offer businesses the opportunity to reduce their environmental impact, create new opportunities, and establish a healthy balance between people, planet, and profit.  

Learn more about the 2024 CDP data: 2024 disclosure dashboard - CDP