More than 18,700 companies worth a combined US$60.8 trillion reported data on climate change, deforestation and water security in 2022, according to a new report from climate disclosure platform CDP. That’s 38 per cent more disclosures than a year earlier. (The Logic)

Talking point: The jump in environmental reporting comes as several regulators around the world, including in Canada, prepare laws requiring companies to disclose their carbon emissions and their plans to cut them. Firms are also under pressure from investors and banks seeking to decarbonize their assets. In Canada, about 80 per cent of S&P/TSX-listed firms published sustainability reports in 2021, according to investor advisory firm Millani. However, the CDP says most are insufficient. In March, just one per cent of reporting companies provided enough information for investors to determine whether they have a credible energy-transition plan, it found. Millani identified a similar problem in Canada: “Although the number of reports has increased,” it wrote in its latest report, “current disclosures are still not hitting the mark.”