Florida’s Attorney General announced an investigation on July 28, 2025 into whether the CDP (formerly known as the Climate Disclosure Project) and the Science Based Targets Initiative (SBTi) have violated consumer protection or antitrust laws by “coercing companies into disclosing proprietary data and paying for access under the guise of environmental transparency.”  According to the AG, the CDP charges companies to report, revise and promote their environmental disclosure data, “while selling services that allegedly improve scores and even offer favorable quotes from CDP executives for a price.”  The AG alleges that this scoring system is relied upon by investment companies to make financial decisions.  The investigation will, among other things, explore whether “CDP’s efforts to pressure or punish companies that don’t participate result in anticompetitive effects,” and whether “coordination between CDP, financial institutions, and investment services constitutes unlawful market manipulation.”Continue Reading Florida AG Investigation Is Latest Reminder of Risk Tied to Green Initiatives