Decarbonisation key to firm profitability, India ahead of global average

Globally, only about 25 per cent of the companies reported annual decarbonisation benefits worth at least 7 per cent of sales

How quickly firms adapt to the climate-change challenge will determine the achievement of emission targets. A global survey conducted recently by the Boston Consulting Group and CO2 AI, a sustainability-management platform, highlights that relative to 2022 and 2023, progress on climate issues stagnated this year. Using the data collected from 1,864 companies, belonging to 16 major industries and accounting for around 45 per cent of global greenhouse gas (GHG) emission, the report, titled “Boosting Your Bottom Line Through Decarbonization”, came at a time when this year’s summer officially became the hottest on record. Of the surveyed companies,