Key Takeaways
➢ A sample of 35 companies from the top 200 companies shows that most companies set 2030 as their target year for Renewable Energy/Electricity Goals and most of them show positive movements in the direction of the goal.
➢ Most companies from the sample that have achieved 80-100% of their target belong to Industrials followed by Consumer Staples.
➢ In the energy intensive sectors, Industrials have set pragmatic goals as they align themselves well with their goals meanwhile, Materials may have set overly ambitious goals. Energy and Utilities make inadequate disclosures.
➢ Easy to electrify sectors such as Information Technology, Real Estate and Consumer Discretionary are holding back from taking leaps in energy transition as they struggle to stay on track with their commitments.
➢ The percentage of target achieved in the low energy intensive sector displays a negative correlation with Market Capitalization as opposed to a positive correlation in the high energy intensive sector.