Sustainability

Corporate Emissions Reporting Statistics (2026)

Over 23,100 organisations disclosed environmental data through CDP in 2025, including more than 22,100 businesses representing close to two-thirds of global market capitalisation. The disclosure numbers, and where they stop.

Headline figure

23,100+

organisations — companies, cities, states and regions — voluntarily disclosed environmental data through CDP in 2025

Updated September 2026 · 9 min read

Sources

23,100+organisations — companies, cities, states and regions — voluntarily disclosed environmental data through CDP in 2025Source: CDP, Keeping Pace: Disclosure Data Factsheet 2025
22,100+businesses disclosed, representing nearly two-thirds of global market capitalisationSource: CDP, Keeping Pace: Disclosure Data Factsheet 2025
640 investorswith US$127 trillion in assets requested disclosure through CDP in 2025Source: CDP, Keeping Pace: Disclosure Data Factsheet 2025
~45,000 suppliersasked to disclose by 270+ major buyers through CDP's supply chain programmeSource: CDP, Keeping Pace: Disclosure Data Factsheet 2025
800+companies reached CDP's top-tier 'A List' for 2025 across climate, forests and water securitySource: CDP A List 2025 (announced Jan 2026)

Overview

Corporate climate disclosure has quietly become normal. The count of disclosing organisations keeps rising even through a volatile policy period, which makes the participation numbers the least contested statistics in this field.

What the participation numbers do not tell you is data quality, especially in the supply chain. This brief separates the two, using CDP's published 2025 disclosure figures.

Key takeaways

  • Disclosure participation is high and still growing: 23,100+ organisations in 2025.
  • Coverage is concentrated at the top of the market — nearly two-thirds of global market cap.
  • Demand is driven by capital and by customers: 640 investors and 270+ buyers made requests.
  • Supply-chain disclosure is where the volume now sits — roughly 45,000 suppliers requested.
  • Only 800+ companies reach top-tier scoring, so disclosing and disclosing well are far apart.

Participation is no longer the constraint

CDP reports that more than 23,100 organisations disclosed in 2025, of which more than 22,100 were businesses accounting for close to two-thirds of global market capitalisation. For large listed companies, non-disclosure is now the exception.

That changes what an emissions statistic is good for. 'Do they report?' has stopped being a differentiator; 'what is in the report, and can it be verified?' has become the whole question.

  • Treat participation counts as coverage indicators, not as performance indicators.
  • Weight coverage by market cap when comparing regions or indices.

Who is asking, and why that matters

In 2025, 640 investors holding US$127 trillion in assets asked CDP to collect data on their behalf, and more than 270 major buyers requested disclosure from around 45,000 suppliers.

The composition of that demand explains the pattern of what gets reported. Investor requests pull operational emissions and governance; buyer requests pull product- and site-level data from firms that often have no sustainability function at all.

Scope 3 and the supply-chain gap

The ~45,000 supplier requests are the frontier of this dataset. Suppliers are smaller, less resourced and more likely to submit estimates or partial responses, and a buyer's Scope 3 total is assembled from exactly those responses.

So the reasonable expectation for 2026 is rising response rates alongside persistent uncertainty in the numbers those responses feed. Any Scope 3 figure should be read with its estimation method attached.

  • Ask which Scope 3 categories are included before comparing two companies' totals.
  • Distinguish spend-based estimates from supplier-reported activity data.
  • Expect restatements as supplier data replaces averages.

Quality signals inside a near-universal dataset

CDP's 2025 A List, announced in January 2026, recognised over 800 companies across climate, forests and water security — a small fraction of the 22,100+ that disclosed.

That ratio is the most useful quality statistic available here. It shows that the distribution of disclosure quality is heavily skewed, with a long tail of responses that meet the request without being decision-grade.

Scope 3 is where comparability breaks

Scope 1 and 2 figures are relatively comparable between companies. Scope 3 is not: boundaries, categories included and estimation methods differ enough that two similar businesses can report totals that differ by multiples without either misreporting.

When comparing disclosures, check which of the fifteen Scope 3 categories are included and whether the figure is spend-based or activity-based. A company that adds a category can appear to grow its emissions while actually improving its reporting.

  • Scope 1: direct, broadly comparable
  • Scope 2: purchased energy, depends on market vs location method
  • Scope 3: value chain, comparability is weak

Assurance level matters more than the number

Much disclosed data carries limited assurance or none. A precise-looking total with no assurance statement is a weaker input than a rounder figure with reasonable assurance, and regulation is steadily pushing towards the latter.

Read the assurance note before the emissions total. It tells you how much weight the figure can carry in a supplier decision or an investor conversation.

Restatements are normal and should be expected

As method and boundaries improve, prior-year figures get restated. That is a sign of maturing reporting rather than of error, but it makes year-on-year trend claims fragile if the baseline moved.

Any trend statement should name the baseline year and say whether it has been restated. Without that, a reported reduction may be entirely a change in accounting.

Questions we get asked

How many companies report their emissions?

More than 22,100 businesses disclosed environmental data through CDP in 2025, part of over 23,100 disclosing organisations including cities, states and regions.

How much of the global market does that cover?

The disclosing businesses represent nearly two-thirds of global market capitalisation, per CDP's 2025 disclosure factsheet.

Who requests corporate climate disclosure?

In 2025, 640 investors with US$127 trillion in assets and more than 270 major buyers, the latter requesting disclosure from around 45,000 suppliers.

Does disclosure mean the data is reliable?

Not automatically. Only just over 800 companies reached CDP's top-tier A List for 2025, and supply-chain and Scope 3 data still rely heavily on estimates.

How to read this

CDP figures describe voluntary disclosure through one platform, so they undercount companies that report only through regulatory filings or their own annual reports and cannot be read as a global compliance rate. Market-capitalisation coverage is CDP's own calculation. Scoring outcomes such as the A List reflect CDP's methodology for that cycle, which changes over time, so year-to-year comparisons of scores are weaker than comparisons of participation counts.

Before you act on this

  1. 01List which Scope 3 categories are included.
  2. 02Note whether Scope 2 uses market or location method.
  3. 03Read the assurance statement before the total.
  4. 04Name the baseline year for any trend claim.
  5. 05Expect and document restatements as method improves.

Terms used above

Scope 1
Direct emissions from sources a company owns or controls.
Scope 2
Indirect emissions from purchased electricity, heat or steam.
Scope 3
Value chain emissions across fifteen defined categories.
Assurance
Independent review of reported data, at limited or reasonable level.
Restatement
Revision of previously published figures after a method or boundary change.
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