How will we look back on 2020? This year was set to be a highly significant year for climate ambition: the start of a decade of action that will make or break our prospects of limiting warming to 1.5°C. The devastating COVID-19 pandemic hasn’t changed this reality. It has been a stark reminder of the impacts of human activity on natural systems and our continued vulnerability to such risks. As we enter the final month of this year's disclosure cycle, our vision of driving action through environmental transparency has never been more crucial. The recovery measures of governments will be essential in deciding our future path, but the actions of companies will be just as significant. We need all actors across the private and public sectors to play their part in ushering in a more resilient and sustainable economy. Disclosure through CDP is one of the most effective means to do so.

Stimulus packages must advance an economic model that prioritizes the health and well-being of people and the planet. Pratima Divgi (Regional Director, Hong Kong, Southeast Asia, Australia and New Zealand) argues that governments must use this critical moment to invest in a more resilient and sustainable future.

The Port Authority of New York and New Jersey is responsible for ensuring the safe travel of millions of people and cargo containers each year - despite rain or shine, snow or sleet. The organization sees disclosure through CDP as a key part of its response to the risk of dangerous super storms, made more likely by climate change.

CDP’s latest report shows that banks play a much greater role in funding deforestation than previously thought, providing two thirds (66%) of the capital needs of South-East Asian companies engaged with palm oil, timber or rubber commodities. In this blog, Emily Kreps (Capital Markets) and Morgan Gillespy (Forests) summarise the findings.

Action on the environment is needed now to secure financial stability. The world’s largest companies, and those financing them, have a significant part to play. In this report, we present our analysis of key information CA100+ companies are reporting through CDP’s annual disclosure platform.

CDP temperature ratings is a pioneering new dataset of over 4,000 global companies’ temperature pathways, based on the emissions reduction targets of their value chain. This information is key for investors to better manage climate transition risk and future-proof their portfolios and funds from costly climate change.

Exposure to deforestation risk is underestimated by companies that produce and source palm oil. Our new report finds Chinese companies have a crucial role to play in managing deforestation risks and improving transparency throughout the value chain.

We need long-term economic recovery plans that incorporate climate action to build stronger, more resilient economies. That’s why CDP CEO, Paul Simpson, has signed a letter with our partners in the We Mean Business coalition calling for governments to make action on climate change a condition for companies to receive long-term public financial assistance.