Our annual Non-Disclosure Campaign (NDC) is a collaboration with capital markets signatories to engage with companies that have failed to respond to requests to disclose through our climate change, forests and/or water security questionnaires. The NDC runs alongside the main CDP disclosure request, to boost transparency and drive-up rates of corporate disclosure.

2023 campaign

The NDC is an opportunity for investors and other signatories to play a vital part in driving impactful corporate transparency – companies are over twice as likely to respond if they are engaged directly through the campaign.

For the first time in 2023, almost 7,000 companies will be able to disclose on their plastic-related impacts via CDP’s Water Security questionnaire. This year, the lead investors will be invited to engage companies on plastic disclosure through the non-disclosure campaign. This marks a significant step of CDP’s expansion to cover additional planetary boundaries.

For more information or to get involved, please email: [email protected]

Financial institutions involved in the 2023 campaign

Companies targeted for the 2023 campaign

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Note: The companies listed above are those who were selected to be engaged as part of the 2023 NDC by lead signatories. An engagement letter was developed by CDP and provided to the lead signatory as part of their engagement pack. We cannot guarantee that each company will be engaged by the lead signatory during the 2023 disclosure period.

Disclosure statuses listed in this table only refer to questionnaires targeted in this campaign. Companies may be requested or disclose on other questionnaires. Companies’ complete request and disclosure status can be found by using our response search tool.

Results of 2022 Non-Disclosure Campaign

The 2022 campaign demonstrates the impact of direct engagement on corporate environmental actions.

• Investor power – thank you to the record 260 financial institutions representing nearly US$30 trillion in assets that participated in the 2022 NDC.
• A lasting legacy – 90% of companies that submitted in the 2021 NDC responded again in 2022.
• High impact on high emitters – companies in the transportation and power generation sectors were 4.6 and 4.4 times more likely to disclose, after engagement from their shareholders.

2022 saw record engagement across all disclosure themes.

Companies were 2.3 times more likely to disclose when engaged through the NDC, when compared with a control group.

Global impact