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Home > Technology >  Climate Change – Thematic Research

Climate Change – Thematic Research

Climate scientists overwhelmingly agree that the global economy must reach net-zero greenhouse gas (GHG) emissions by 2050 to ward off the catastrophic effects of climate change. Despite this scientific consensus, and despite broad agreement that climate change will disrupt every sector of the global economy, governmental action has not been sufficient to establish a path to net zero.

Instead, non-governmental organizations and the private sector are stepping in, launching decarbonization initiatives that are driving down GHG emissions in virtually every industry and region of the globe.

Scope

GlobalData’s research on climate change and its impact on business is one facet of a broader stream of research on sustainability and sustainable business practices.

This report focuses on climate change because of its singular importance. Climate change is existential. It is already disrupting many natural systems, accelerating wildfires, sea-level rise, and coastal flooding, extreme storms, and human dislocation.

The report contains analysis of the forces driving climate change action, and introduces GlobalData's climate action feedback loop. This rewards and reinforces corporate climate action, prompting more of it.

There is discussion of the three main climate action strategies: emissions reduction, carbon capture and storage, and carbon offsets.

The report discuss climate action strategies and methods in use across various sectors of the global economy. It highlights the actions of more than 120 companies across eight sectors.

Key Highlights

There is not yet enough transparency or accountability for the feedback loop to be fully effective. It requires more transparency so that all key stakeholders – consumers, partners, employees, and investors – can make informed decisions about which companies to support. It requires more accountability so that companies are held to their climate promises, and false claims – greenwashing – are exposed. If these are in place, it will be easier for all stakeholders to participate.

Likely winners in the energy transition include consumer-facing industries and those with the flexibility to shift business models away from climate disruption. They include automotive, retail, media, banking, insurance, and technology.

Facing greater, even existential, challenges will be industries that are far behind in the transition away from carbon or that cannot escape climate disruption. They include oil and gas, coal, chemicals, real estate, pharmaceuticals, construction, and agriculture.

Every company must recognize that the science is clear, and the need for climate action will only increase. It’s an “all hands on deck” moment that calls for an “all of the above” approach – regulation, voluntary action, technology innovation, and self-interested action by companies seeking competitive advantage as they balance near-term and long-term business strategies. Inaction is not an option.

Reasons to buy

Read our Climate Change report to understand why hundreds of companies have already made commitments to reach net-zero by 2050, with more than 100 committing to a 2040 target.

We expect that the pace of commitments will increase as early movers demonstrate that decarbonization is possible and that it brings market rewards sufficient to draw more participation and accelerate the climate action feedback loop.

Companies mentioned

Fisher & Paykel Healthcare

Lansinoh Laboratories

AstraZeneca

Dr Reddy’s Laboratories 

Johnson & Johnson

Takeda

Alphabet (parent company of Google)

Amazon

Apple

IBM

Lime

Microsoft

Uber

Atos

Capgemini

Infosys

Bloomberg

ITV

S4 Capital

Thomson Reuters

AT&T

Telefónica

Verizon

Gap

Stella McCartney

White House

Arcelik

Colgate-Palmolive

Henkel

Reckitt

Sony

Unilever

Air Company

BrewDog 

Cranswick

Danone

Ferrero

Heineken

Iceland Foods

Keurig Dr Pepper

Kirin Holdings

PepsiCo

The Coca-Cola Company

Tyson Foods

Ball

Elopak

SIG Combibloc

UPM-Kymenne

Best Buy

IKEA

Sainsbury’s

Selfridges

Signify

Woolworths Holdings

Hilton

Hotelbeds

NH Hotel Group 

Delta

JetBlue 

United Airlines

Airbus

Boeing 

Daimler

Faurecia 

Ford Motor

General Motors 

Volkswagen

Volvo 

Bayer 

Borregaard

Ecolab

Sabará Participações

Sekisui Chemical

Sumitomo Chemical

Syngenta

Tata Chemicals

Ferrovial

Mace

Morgan Sindall

Toda

Hulamin

Mahindra Accelo

SSAB

Daabon Group

Olam

BP 

Halliburton 

Neste

Schlumberger

Shell 

Total

Acciona

Diamond Energy

Drax

Duke Energy

EDF Group

Enel

Iberdrola

NRG 

Ørsted

Schneider Electric

Siemens

Urenco

Xcel Energy

ADP

FIS

Mastercard

Australian Ethical Investment (AEI)

Generation Investment Management

London Stock Exchange (LSE)

Assicurazioni Generali

KLP 

Zurich Insurance Group 

Berkeley Group

Oak View Properties

Simon Property Group

Accenture

AECOM

Bain

ERM

McKinsey

Deloitte

Moody’s

Slaughter and May

Table of Contents

Executive summary

GlobalData's ESG framework

The forces driving climate change action

Three main climate action strategies

Timeline

Companies

Appendix: Countries with net-zero commitments

Glossary

Further reading

Thematic methodology

    Pricing

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