COMPANIES AND CLIMATE CHANGE

The report evaluates climate transition performance across 18 Asia-Pacific markets and four key sectors: automotive, tech-electronics, healthcare, and basic industries. It finds that while mitigation goals are increasingly integrated into corporate strategies, adaptation and physical risk management remain significantly neglected. Regional analysis highlights Australia and China as leaders in low-carbon transition, while noting that coal still dominates the APAC power mix. Sectoral findings indicate the auto industry is leading in product-level decarbonisation, whereas basic industries show modest progress. The report emphasizes a critical lack of standardised ESG data reporting across all sectors, which hinders accurate assessment of corporate progress.

• Corporate integration of Paris Agreement objectives is evident across all sectors, but the level of strategic integration varies by country and sector, indicating a need for consistent policy support.
• Adaptation and physical risk assessment are the least prioritised dimensions of the Paris Agreement among the entities studied, with very few companies mentioning these risks in their research.
• Australia and China are the top performers in the Asia-Pacific low-carbon energy transition framework due to robust renewable sectors and supportive business environments.
• High-emission power sources, particularly coal, continue to dominate the Asia-Pacific power mix, with thermal power expected to account for nearly 60% of generation between 2023 and 2032.
• The automotive sector is leading decarbonisation efforts, with a strong shift toward electric vehicles (EVs), though most manufacturers' offerings remain dominated by internal combustion engines in Asian and developing markets.
• The tech-electronics sector faces significant challenges in adaptation due to its heavy reliance on rare earth elements and minerals, and it struggles with a lack of standardised data on e-waste and natural resource usage.
• The healthcare sector has historically been less concerned with climate change but is now accelerating toward net-zero targets, with a particular focus on reducing Scope 3 emissions from purchased goods and services.
• Basic industries, including construction and buildings, have made modest progress in emissions reduction, as the sector is characterized by inconsistent regulatory focus and low levels of climate-related data reporting.
• Issuing labelled bonds does not automatically guarantee a company's alignment with Paris Agreement objectives, as some issuers perform poorly across the CCIF dimensions if the bonds are not directly linked to climate transition.

APA

Climate Bonds Initiative (2024). COMPANIES AND CLIMATE CHANGE. https://www.climatebonds.net/files/documents/publications/Companies-and-Climate-Change.pdf

Chicago

Climate Bonds Initiative. COMPANIES AND CLIMATE CHANGE. 2024. https://www.climatebonds.net/files/documents/publications/Companies-and-Climate-Change.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=COMPANIES AND CLIMATE CHANGE |date=January 2024 |url=https://www.climatebonds.net/files/documents/publications/Companies-and-Climate-Change.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2024companies, author = {{Climate Bonds Initiative}}, title = {{COMPANIES AND CLIMATE CHANGE}}, institution = {Climate Bonds Initiative}, year = {2024}, month = jan, url = {https://www.climatebonds.net/files/documents/publications/Companies-and-Climate-Change.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }