(CDP) The fifth anniversary of the Paris Agreement marks a pivotal milestone in environmental disclosure. 2020 has seen a major increase (45% up on last year) in the number of companies achieving an A score – out of more than 9,600 companies that disclosed through CDP in 2020 – with more companies than ever disclosing on climate, forests and water.
Companies in Asia are behind this growth, and it is evident that environmental awareness among the business world remains on the rise despite COVID disruptions. Nevertheless, it is vital that corporations and policymakers continue to raise their ambition for climate action, ramp up efforts to reach net-zero by 2050 and build resilience against future risks.
The economic recovery plans are putting our world leaders’ commitment to low-carbon transition to test. In response to growing demand, not just from the capital markets but also from movements such as youth-led citizen actions, more and more countries are leveraging the moment to invest in a more resilient and inclusive future envisioned in the Paris Agreement. As we wrap up 2020 here at CDP, we identify four emerging trends in the global sustainability terrain that will shape our market and regulatory environment in the next decade: