Companies slashing carbon emissions see 15% rise in market cap

Climate change motivates investors to emphasize decarbonization

Investors are becoming increasingly wary of climate change. (Source photo by Reuters)

HIROKO MATSUMOTO, KAZUYA MANABE and TSUKASA MORIKUNI, Nikkei staff writers

October 18, 2020 08:30 JST

TOKYO -- Climate change is having an effect on companies' market capitalization as investors increasingly focus on decarbonization. On Tuesday, 137 global investors that hold $20 trillion in assets called on over 1,800 companies to set science-based targets for cutting emissions. Those companies are the source of 25% of the world's carbon emissions, according to CDP, a non-profit group that coordinated the move.