Top Global Firms Could Mobilize $1.3 Trillion in Climate Investments

The world’s biggest and most influential companies could unlock $1.3 trillion in annual low-carbon spending if they raised their low-carbon investments from 7% now to 30% of capital expenditure, a new report by the non-profit World Benchmarking Alliance has shown. The Netherlands-based World Benchmarking Alliance (WBA) evaluated 1,600 companies, whose operational emissions alone equate to at least 25% of global energy-related emissions. The corporate choice of the share of low-carbon investment of total capex will influence the…