Companies and Cimate Change

This report presents the first research application of the AIIB – Amundi Climate Change Investment Framework (CCIF), a benchmark designed to assess investments against climate-related financial risks and opportunities based on the Paris Agreement. The research analyzes sectors, companies, and debt issuers, primarily focusing on corporates in EM Asia, to evaluate alignment with climate change mitigation, adaptation and resilience, and low-carbon transition objectives.

• Sector-level analysis of 208 companies across eight sectors (autos, basic industries, healthcare, telecoms, energy, technology/electronics, utilities, and transportation) reveals high variation in alignment with Paris Agreement objectives. While most sectors report on mitigation, the underlying data and methodology are inconsistent. Reporting on adaptation and physical risks is limited, and financial contribution data is most detailed in sectors with a high correlation between business models and direct carbon emissions, such as energy, utilities, and autos.
• Case studies of ten companies in China, India, South Korea, and Singapore show a strong focus on climate mitigation through renewable energy procurement and the measurement of Scope 1 and Scope 2 greenhouse gas emissions. However, few companies have committed to net zero goals or 1.5-degree science-based targets. While most conducted physical climate risk assessments, very few implemented financial analyses or long-term adaptation plans.
• An analysis of 483 issuers across 33 geographies found that no company performed well across all three CCIF objectives: mitigation, adaptation, and financial contribution, including green bond issuers. Only 14% of the researched companies have an adaptation and resilience plan in place, leaving the majority exposed to potential financial losses, a risk particularly acute for emerging market companies.
• The research identifies that a company's ability to transition is partly dependent on its financial health, as reducing emissions and investing in green technologies are capital-intensive. Consequently, financial capability was integrated into the CCIF as a necessary consideration for assessing transition ability.

APA

Climate Bonds Initiative (2022). Companies and Cimate Change. https://www.climatebonds.net/files/documents/publications/Companies-and-Climate-Change-Report.pdf

Chicago

Climate Bonds Initiative. Companies and Cimate Change. 2022. https://www.climatebonds.net/files/documents/publications/Companies-and-Climate-Change-Report.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Companies and Cimate Change |date=October 2022 |url=https://www.climatebonds.net/files/documents/publications/Companies-and-Climate-Change-Report.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2022companies, author = {{Climate Bonds Initiative}}, title = {{Companies and Cimate Change}}, institution = {Climate Bonds Initiative}, year = {2022}, month = oct, url = {https://www.climatebonds.net/files/documents/publications/Companies-and-Climate-Change-Report.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }