New analysis from environmental disclosure organisation CDP has found that global companies have saved between $80 billion and $94 billion through emissions reduction initiatives since 2024.
CDP made the announcement in its 2026 Disclosure Dividend report, which drew on data from more than 11,260 large and mid-sized companies that reported environmental data through CDP in 2025. These firms account for around two-thirds of global market capitalisation.
Investment benefit
According to CDP, for every $1 spent on responding to physical climate risks, companies can generate an average potential benefit of up to $10, an increase on the $8 outlined in last year’s report.
This varies on a country-by-country basis, it added, with Asia reporting a higher return on investment – Japan sees a median return of $9, while China sees a return of $11. In Europe, the median returns are $7 in Germany, $8 in France, and $10 in the UK.
At the same time, the financial consequences of inaction continue to rise, with CDP estimating that cumulative losses from environmental risks could reach $1.24 trillion by 2030. This could potentially rise to $1.77 trillion by 2040 if risks are not adequately addressed.
‘Competitive advantage’
“Understanding resilience has never been more important for companies that want to build competitive advantage,” commented Sherry Madera, CEO of CDP. “The difference between exposure and opportunity lies in data, and in how companies use it to inform Earth-positive economic decisions.
“Our analysis shows that the returns from action are compelling, but so too are the costs of delay. Environmental data disclosure is fast becoming a core economic discipline for companies of every size, sector and region to build resilience and performance.”
CDP noted that the percentage of businesses reporting substantive environmental risks has risen sharply, from 46% in 2018 to 80% in 2025, while seven in ten (71%) firms have disclosed which financial metrics are most exposed to the material impacts of these risks.
Revenue was cited as the most exposed financial metric, cited by 47% of companies, which indicates that the ‘implications of not addressing climate change are already understood in financial terms,’ CDP noted.
More than 23,100 companies, cities, states and regions disclosed environmental data through CDP in 2025, it added. Read more here.
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