Climate Disclosure Explorer

Requiring companies to disclose their greenhouse gas emissions reveals which industries and firms emit the most carbon pollution, helping to hold them accountable. This information would allow investors to identify which firms are most exposed to climate risks and policies, providing financial markets data to better price emissions. It would unleash data needed to build and enforce stronger climate policies. And, it would provide customers, employees and other stakeholders with information that could lead them to pressure firms to reduce their emissions.

Carbon damages per dollar of profits vary greatly across countries, across industries, and even across firms within a given industry. It suggests that requiring corporations to disclose their emissions could cause high emitters to find new production techniques that involve lowering their emissions to be closer to peers—known as peer benchmarking.

Bringing transparency to the damages resulting from emissions of corporate activities could galvanize pressure from stakeholders and help inform policy and markets. But importantly, it would allow firms and their shareholders and customers to see how they stack up against competitors and think more strategically about their emissions and the toll they are having.