The 2025 disclosure dividend in Europe

Drawing on analysis from disclosures of nearly 25,000 companies in 2024, CDP's new report, The 2025 Disclosure Dividend, reveals that every $1 spent on addressing physical climate risks could deliver a return of up to $21 for some firms, with an average return of up to $81. The study also found that a median $33.1 million worth of opportunities per company could await firms that take environmental action, for just $4.6 million in costs to realize them.

Disclosure remains a critical enabler helping businesses surface material risks and chart credible action. The vast majority (90%) of large companies disclosing to CDP already have a process for identifying and assessing their environmental dependencies, impacts, risks and opportunities or intend to do so within the next two years - and close to half (43%) of large corporates reported having a climate transition plan in place.