CDP Find Investor Demand Water Requests Are as High as Climate Requests

On June 24, 2024, CDP’s annual Non-Disclosure Campaign (NDC) saw a dramatic 122% increase in demands for high-impact businesses to disclose water-related data. This push was led by a coalition of 276 financial institutions, which together manage over $21 trillion in assets. A record 1,029 high-impact companies have been specifically requested to report their water-related impacts and risks. This focus on water is particularly significant when compared to the 1,329 companies targeted for climate data (a 17% increase from 2023) and the 373 companies targeted for forest data (a 10% decrease from 2023). The manufacturing sector is the most targeted for water disclosures, representing 28% of the companies requested, followed by the materials sector at 13% and the retail sector at 12%.