
The annual state of Earth-positivebusiness action In collaboration with Foreword True leadership today comes from the humility to recognizeunknown gaps –or widen the aperture of insight– to encourage That is what high-qualitydisclosure enables: betteridentification and navigation ofrisks, new opportunities surfacedthat once were hidden, and the But this requires long-termthinking, imagination, and thecourage to redefine what successlooks like in the short term —to act ahead of peers, invest in The leaders of this annualCorporate Health Check arethe brave businesses that arealready shaping the future — notby spectacle, but by consistent, This is no longer optional. Theenvironmental crisis is not adistant moral debate — it is adirect business reality. The WorldEconomic Forum reports thatclimate-hazard-driven fixed-assetlosses for listed companies couldreach US $560–610 billion peryear by 2035, representing a 6–7% Sherry MaderaCEO, CDP This research shows thatbusiness leaders today are notoperating in isolation of theplanetary shifts; they are theones embracing them as a This research shows that businessleaders today are not operating inisolation of the planetary shifts;they are the ones embracing them It is ten years since the Paris agreement and, deep into the energytransition, we are realizing the very real trade-offs that it presents. Investment in the energytransition is now over $2 trillionper year, double 2020 levels, andthe cost of clean technologies likesolar and batteries have halvedover the past two years alone.Countries and companies arevying for advantage in the newsupply chains that are emerging,with the push for cheap, abundant,and clean power turbo-charged make better decisions. It isheartening to see from this reportthat companies worldwide havemaintained their commitmentto environmental disclosures;that leadership in disclosures Nick StuderCEO, Oliver Wyman At the same time, the planetpassed 1.5°C of warming in 2024,resulting in severe weather events,extreme heat and water stresswhich are causing disruptionand real losses today. Someestimates show that without most recent Marsh GlobalRisks Report, leaders identifiedextreme weather events as themost severe risk for businessesover a ten year time horizon. In thisCorporate Health Check we seethat >90% of businesses are notdisclosing their adaptation plansor investments. We are seeing a In this context, transparent andpragmatic disclosure helps It is heartening to see from this reportthat companies worldwide havemaintained their commitment toenvironmental disclosures…and that We are delighted to be continuingour annual collaboration with CDPto analyze and highlight companyprogress on environmental actionin this second Corporate Health In a turbulent world, waiting to feelthe full force of environmental risks –or to seize emerging opportunities –can be a costly strategy. Acting earlyto adapt and build resilience doesn’t Drawing on data disclosed throughCDP, the report shows the leversthese business leaders are pullingto improve performance and assessment – are setting thepace for corporate action acrossclimate and nature while also CDP's second annual CorporateHealth Check, produced incollaboration with Oliver Wyman,examines how the world's largest Building environmental andclimate resilience is not only aboutmanaging risks. Our analysisshows that Leadership companies Despite a challenging politicaland economic landscape, largecorporations across sectors and The 2026snapshotof business Japan ahead Yearly progress is unevenacross the globe: Europe remainsstrong, Japan has emerged as aleader, and the United States isbehind.On average, companiesin the US score lower on climateperformance (assessing, managing, A small group of leaders –15% of all companies assessed– are setting themselvesapart by implementing robustenvironmental strategies.Theseglobal leaders are cutting emissions Seven out of 13 $1.47 trillion Leading companies have beenassessing and disclosing physicalenvironmental risks. It is nowtime for them to build resilienceby investing in adaptation.Organizations reporting via CDPface $1.47 trillion in reportedenvironmental physical risks, with Climate leadership and strongfinancial performance are notmutually exclusive.An examinationof market capitalization and climatescores reveals that in over half of the Companies thatunderstand the economicvalue of environmental Link executive pay toenvironmental performance.01. 03. A 1.5°C degree aligned climatetransition plan with ambitious 02. Robust processes for managingenvironmental dependencies, Value chain engagement.04. This year, we identified themost meaningful levers About the CDPCorporate Health Check View changes to 2025 Levels Drawing on analysis of disclosure data frommany of the world’s largest and most influentialorganizations, the Corporate Health Check The 2026 Corporate Health Check builds onlast year's report in two ways: it refines how w