A record number of companies are publishing their climate data following dialogue with investors, according to new figures from the Non-Disclosure Campaign.

The campaign, operated by CDP, aims to encourage investors to engage with the companies they invest in to publish their climate footprint.

This year, a record 260 global investors participated in the Non-Disclosure Campaign 2022.

They engaged with a total of 1,052 companies they invest in, with 295 companies reporting that they have disclosed their climate data to CDP in the wake of this engagement.

This is both the highest number and the highest proportion (28 per cent) since the campaign was launched.

In 2021, 25 per cent of the companies engaged with reported their climate footprint, while in 2020 the proportion stood at 19 per cent.

One of the investors in the campaign was Danish pension company, Sampension, which engaged with several companies this year.

“Succeeding in the green transition requires, among other things, that investors have a strong climate focus and purposefully work to reduce CO2 emissions from the investment portfolio,” commented Sampension head of ESG, Jacob Ehlerth Jørgensen.

“An important part of that work is that you, as an investor, contribute to getting the companies to go in a greener direction, and here climate data plays a decisive role.

“Because the prerequisite for investors to be able to relate to companies' climate-related behaviour is that we have proper data.

“Therefore, it is also very positive that more and more companies enter into a dialogue with investors about their climate footprint, and that a record number in this connection also choose to publish it.”

Sampension noted that the increase in climate data disclosures could also be seen in its investment portfolio, where the proportion of companies that published their climate data increased from 71.6 per cent in H1 2021 to 80.1 per cent in H1 2022.

"Our experience is that it really makes a difference when investors join together and engage in dialogue with companies about climate improvements,” Jørgensen continued.

“And the development clearly testifies to that as well. Because most companies are willing to assume their responsibility in relation to the green transition and are therefore generally also open to dialogue.

“As an investor, of course, you have to support that and constructively contribute to it.

"Having said that, we are of course far from the goal. And as the figures also show, there are still many companies where there is room for improvement in the climate area, including measuring and publishing the climate footprint.

“Therefore, going forward, we will continue to have a strong focus on dialogues with the companies that can and will work to make progress on the climate front - and in the companies where this willingness is not present, we will consider our investment."

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