ESG & Investing
Corporate Budgets Hold $1.3 Trillion of Untapped Climate Capital
A Dutch nonprofit analyzed about 1,600 companies worldwide and found the median share of spending currently devoted to low-carbon projects is just 7%.
An employee stands in front of an electrolyzer at a hydrogen production facility of renewable hydrogen in Oberhausen, Germany.
Photographer: Ina Fassbender/AFP/Getty ImagesTrillions of dollars are needed to meet the world’s climate targets, and a sizable share of that money may already be sitting inside corporate balance sheets.
A study by the Netherlands-based nonprofit World Benchmarking Alliance found that if companies redirected a larger share of their existing capital expenditures toward low-carbon investments, they could unlock as much as $1.3 trillion for the clean-energy transition.