Companies and Cimate Change

The report applies the AIIB-Amundi Climate Change Investment Framework (CCIF) to evaluate climate-related financial risks and opportunities across sectors, companies, and debt issuers. The analysis reveals a strong focus on climate mitigation and greenhouse gas measurement, but a significant deficiency in climate adaptation planning and implementation. Notably, no analyzed company performed well across all three CCIF objectives: mitigation, adaptation, and financial contribution.

• Sector-level analysis of 208 companies across eight sectors shows high variation in alignment with Paris Agreement objectives. While most sectors report on mitigation, the underlying data, methodology, and scope are inconsistent. Reporting on adaptation and physical risks is limited, often requiring proxy data like country-level scores. Sectors with business models closely tied to direct carbon emissions, such as energy, utilities, and autos, provide more detailed data on financial contribution than those with indirect emissions.
• Case studies of ten advanced companies in China, India, South Korea, and Singapore indicate a primary focus on renewable energy procurement and Scope 1 and 2 GHG emissions measurement. However, few have set 1.5-degree science-based targets or committed to net zero. While most have conducted physical climate risk assessments, very few have integrated financial analyses or long-term adaptation plans to respond to these risks.
• An analysis of 483 issuers from 33 geographies found that no company, including green bond issuers, performed well across all three CCIF objectives: mitigation, adaptation, and financial contribution. 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 CCIF has been updated to include financial capability as a metric, recognizing that the capital-intensive nature of reducing emissions, ensuring resilience, and investing in green technologies means a company's green transition is partly dependent on its financial health.

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} }