Why low carbon means high profit – eventually

The global companies with climate-smart strategies deliver double the returns of their rivals. But will this wisdom sink in fully before global warming really starts to rage?

The global companies with the sharpest focus on climate change have rewarded their investors with double the average return of the world’s corporate titans. That’s the startling message from the Carbon Disclosure Project, which released its annual Global 500 report on Wednesday.

On behalf of over 550 investment companies, managing $71 trillion of assets between them, the CDP challenged the 500 biggest companies in the world by market capitalisation to reveal detailed information about their carbon footprints and the action they are taking to tackle and adapt to global warming: 404 (81%) responded.

The CDP then compared the total financial returns between January 2005 and May 2011 of the companies identified as “carbon performance leaders” against the average of all 500. The former generated a return of 86%, the latter 43%.

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