Are companies developing credible climate transition plans? disclosure to key climate transition-focused indicators in CDP’s 2022 climate change questionnaire

This report provides an overview of the current state of climate transition plan information disclosed through CDP's 2022 climate change questionnaire. The data analyzed in this report spans over 18,600 organizations in 13 industries and across 135 countries. While this report is not an assessment of an organization's climate transition towards a 1.5°C-aligned world it is an evaluation of whether an organization's disclosure is sufficient and credible. By strengthening the criteria for what makes a credible climate transition plan i.e. enforcing that a plan must be aligned to 1.5°C and have a rigorous target, CDP continured to raise the bar in this year's assessment of what is considered a credible climate transition plan. This report focuses on climate transition plan, but CDP recognizes that climate is only a facet of a wider, environmental challenge and the critical need for organizations to include nature in their thinking and broader transition planning.