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16 October 2014

Profit or Planet?

A new study has revealed that carbon-conscious companies are proving to be more profitable than their more polluting rivals. 

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. 

CDP chief executive Paul Simpson argued that not addressing climate change would ultimately have the biggest impact on businesses' bottom-line. 

"The unprecedented environmental challenges that we confront today are also economic problems. This irrefutable fact is filtering through to companies and investors," said Simpson. 

"The impact of climate events on economies around the world has increasingly been splashed across headlines in the last year, with the worst winter in 30 years suffered by the USA costing billions of dollars. Australia has experienced its hottest two years on record and the UK has had its wettest winter for hundreds of years costing the insurance industry over a billion pounds."


"The companies on our index are responding to market demand for environmental accountability and at the same time are making progress towards the realisation of sustainable economies." 

 

Edie Newsroom

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