Non-Disclosure Campaign
CDP's Non-Disclosure Campaign runs alongside the main CDP disclosure request. The campaign leverages the power of direct engagement from financial institutions to drive corporate environmental disclosure and boost transparency.
The 2025 campaign
During the 2025 Non-Disclosure Campaign, 1,316 companies that had never disclosed through CDP before, were called on to disclose.
This year:
919 companies were targeted to disclose on climate;
307 companies were targeted to disclose on forests; and
712 companies were targeted to disclose on water.
Analysis of the results from previous non-disclosure campaigns has shown that companies are more than twice as likely to respond if they are engaged directly through the campaign.
Read our 2024 NDC Results Report to learn more (report available in Japanese).
Capital Markets Signatories supporting the campaign
In 2025, the Non Disclosure Campaign is supported by 223 Capital Markets Signatories, including 111 who have taken on a lead role. You can find the full list below.
About the NDC
How the campaign works
Based on 2025 timeline
March 2025
The campaign begins. Sign up for 2025.
March to April 2025
In this period, participants who wish to be leads in the campaign should select the companies they would like to lead engagement with. For participants wishing to sign, they must complete the online form.
May 2025
The sign-up period closes. Participants must have submitted their selections by this point.
July 2025
The NDC team provides lead participants with the materials they need to begin their engagements. This includes the unique, signed engagement letter, support documents, contact information etc.
July to September 2025
During CDP's disclosure period, lead participants engage with targeted companies and drive them to disclose.
December 2025
After the disclosure period has finished and disclosures have been analyzed, the NDC team will share the results with participants.
Case studies
East Capital Group
Discover how East Capital Group are benefiting from CDP's Non-Disclosure Campaign.