CDP 2024 Data Shows Companies Identifying Nearly $5 Trillion in Climate Opportunities

CDP's 2024 disclosure data dashboard shows that the world's largest businesses are now identifying nearly US$5 trillion in climate opportunities, more than double the figure reported five years ago. The 2024 cycle was notable for more holistic environmental reporting, with companies disclosing on climate change, deforestation, and water security through a single integrated questionnaire for the first time.

More than 12,500 companies disclosed through CDP's new SME questionnaire in 2024, marking a critical milestone in the organisation's effort to support smaller businesses across major and emerging markets. Companies disclosing on all three environmental issues — climate change, deforestation, and water security — increased significantly during the cycle. Asia led global disclosures in both volume and comprehensiveness, while services, retail, and biotech, healthcare, and pharma sectors recorded the highest increases in participation.

The 2024 data cycle saw CDP introduce broader access to biodiversity and plastics reporting, enabling companies to adopt a more comprehensive view of their environmental impacts and dependencies. Non-disclosure analysis — examining companies that failed to respond to investor or buyer requests — provided insights for targeted engagement and policy advocacy. For Indian companies operating within global supply chains or seeking access to international capital, the data signals that investor expectations for multi-topic environmental disclosure are rising.

CDP framed 2024 as a milestone year with the phrase 'it's now for nature', reflecting the expansion beyond climate into biodiversity and plastics. The organisation is calling on companies to use disclosure data as a bridge to concrete action, particularly given the near US$5 trillion opportunity identified by disclosing companies. Future CDP questionnaire cycles will continue expanding integrated environmental reporting, with alignment to emerging standards such as the Taskforce on Nature-related Financial Disclosures (TNFD) becoming a growing priority.

Key figure — Nearly US$5 trillion in climate opportunities identified by disclosing companies in 2024