Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • State Farm Still Wants a 30% Rate Increase in California
  • 2024 P/C Combined Ratio Best in More Than a Decade
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

‘Far Too Many’ Companies Fail to Disclose Environmental Data, CDP Shows

By Juliette Portala | December 14, 2022
Email This Subscribe to Newsletter
  • Article

Too many companies are failing to respond to environmental transparency requests, non-profit platform CDP said on Tuesday, after only 1.3% of over 900 firms scored an “A” based on their climate change, forests and water security disclosures.

CDP, the world’s biggest repository of environmental data submitted on a voluntary basis by companies, provides a snapshot of corporations’ disclosure and environmental performance by scoring them from “A” to “F.”

More than 29,500 firms worth at least $24.5 trillion received an “F” for failing to respond to disclosure requests from investors and clients or for providing insufficient information in their responses, CDP found, while just over 330 made the “A” list.

“A-List companies should be commended for the level of transparency,” Global Director of Corporations and Supply Chains at CDP Dexter Galvin said. “But we cannot ignore that these companies are in the minority.”

“Most are still not managing all environmental issues holistically, and far too many are remaining complacent or failing to respond at all,” he added in a statement.

More and more climate experts, investors and regulators agree on the need to improve corporate transparency to aid the fight against climate change. But many also accuse corporations of “greenwashing” with splashy announcements while doing little to reduce overall greenhouse gas emissions.

CDP showed that more than 680 investors and 280 large purchasers had requested thousands of firms to disclose through its platform this year. This resulted in over 18,700 corporate disclosures, up 233% since 2015.

“Since there is no route to 1.5°C without nature, (companies) must speed and scale up their progress in addressing deforestation and water impacts, dependencies and risks, too,” Galvin said, as CDP flagged slow progress on those targets.

Scientists say it is necessary to cap temperature rises to 1.5 degrees Celsius above the pre-industrial average, in line with the Paris Climate Agreement, to avoid the most severe impacts of global warming.

For Justin Steinberg, portfolio manager for Sargasso Environmental Strategy at Steinberg Asset Management, firms integrating such issues are expected to be “better positioned to capitalize on new opportunities as the environmental megatrend takes hold.”

Copyright 2025 Reuters. Click for restrictions.

Topics Pollution

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

2024 P/C Insurance Combined Ratio Best in More Than a Decade
In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware
Fire Destroys Mansion on a Former Louisiana Sugar Plantation
Hack of Contractor Was at Root of Massive Federal Data Breach

Written By Juliette Portala

More From Author

Interested in Pollution?

Get automatic alerts for this topic.

Email This Subscribe to Newsletter
  • Categories: National NewsTopics: environmental liability, environmental social governance (ESG
  • Have a hot lead? Email us at newsdesk@insurancejournal.com
More News
Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B
Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk
AI Regulation Ban Meets Opposition From State Attorneys General
While FEMA Faces Overhaul, Mississippi Tornado Survivors Wait for Assistance
More News Features

Read This Next

  • 'Far Too Many' Companies Fail to Disclose Environmental Data, CDP Shows
  • Despite Backlash From Trump, DEI Hasn't Disappeared at US Companies
  • Texas AG Secures $60M Judgment in Pollution Case
  • Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss
  • Cybercrime Up Again

Insurance Jobs

  • Software Engineer II (Design Systems, JavaScript, Accessibility) - Hartford, CT
  • Investments Sales Director, US – Western Region - Los Angeles, CA
  • Sales Performance Manager – Richardson, TX - Richardson, TX
  • Direct Sales Agent Specialist (2429) - Fort Myers, FL
  • Software Engineer II – Enterprise AI for Operations (AWS, Python) - Hartford, CT
MyNewMarkets
  • 5 Ways to Prepare for Healthcare Liability Changes in 2025
  • What's Next For Workers' Comp?
  • Soft D&O Market May Come to an End as Risk Complexities Rise
  • Exclusions: Active Assailant Coverage - Oh My!
  • 10 Things to Know About Insuring Boats & Marinas
Claims Journal
  • Report Shows Cargo Theft Risk at All-Time Highs as Memorial Day Weekend Nears
  • Department of Labor Keying in on Workplaces with Highest Injury Rates
  • Court Says Google, AI Firm Must Face Mother's Lawsuit Over Suicide of Son
  • State Farm Still Wants a 30% Rate Increase in California
  • No NOAA Large-Disaster Data Could Hurt Insurer Grasp of Secondary Perils, Says AM Best
Academy of Insurance education
  • May 22 Commercial Property: Five Bombs and How to Defuse Them
  • June 5 E&O and Hard Markets: How Trying to Keep a Client Might Cause Trouble
  • June 12 Rating AI Tools: Balancing Functionality and Security
  • June 19 Can You Hear Me? Yes, I Am Listening!

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map