Global index reveals economic benefits of sustainable business
A new study has revealed that carbon-conscious companies are proving to be more profitable than their more polluting rivals.
Related articles, writes Edie.net.
Google, Microsoft and Sainsbury’s are among the 187 firms who are ‘leading the charge in the fight to mitigate climate change’ in the inaugural Climate Performance Leadership Index from the Carbon Disclosure Project (CDP).
Analysis from the past four years shows that these index-listed companies have outperformed the Bloomberg World Stock Index by 9.6% – dispelling outmoded arguments that sustainability is a profit-paring pursuit.
In the past reporting year alone, these companies have reduced their total emissions by 33 million tonnes – equivalent to turning London’s car owners into cyclists for two and a half years.