Environmental Information Disclosure Accelerated by CDP and the Data Usages in Financial Market

Abstract

With the further development of ESG （Environmental, Social and Governance） investment, the corporate environmental information is becoming more and more important. Above all, in the field of climate change management, it can be said that the Task Force on Climate-related Financial Disclosures （TCFD）, which was launched at the same time as the Paris Agreement, has globally given us a common understanding and guidance of the climate change disclosure. In this paper, based on CDP’s activity for many years to promote environmental information disclosure on behalf of the investors, I will first introduce the environmental information usage in Japan and abroad. Then, I analyze how companies are currently disclosing their information aligning with what TCFD is aiming for, and consider how information disclosure will be in the future.