Harvard Business School researchers reveal groundbreaking insights on how companies are capitalizing on climate solutions. Using AI to analyze SEC filings, they identified which companies are leading the climate transition, underscoring how climate is becoming a major business opportunity. The research features insights on Tesla, General Motors, FedEx and more.
Watch the September 2024 interview with Barbara DeLollis from #BiGS and Havard Business School researchers Shirley Lu and Simon Xu.
For a deeper dive on the research and methodology, read:
https://www.hbs.edu/bigs/green-transition-widespread.
Find out which companies made the BiGS Climate Innovators 100 list: https://www.hbs.edu/bigs/top-100
Key findings:
– 50% of US public companies in major industries now engage in climate solutions
– Tesla ranks #2 across all industries in climate solutions, the research says
– The research tracks 88 different climate technologies including EVs and nuclear
– Clear impact of the Inflation Reduction Act (IRA) on business strategies
– Ties to financial performance
Timestamps:
0:00 Climate solutions as a business opportunity
0:25 Building a comprehensive climate solutions database
0:48 Understanding 10-K SEC filings
1:21 How AI analyzes climate engagement
1:56 Key findings across US public companies
2:22 Industry leaders and laggards
3:19 Tesla, FedEx, GM: Different approaches
4:05 Pure players vs transitioning companies
4:48 Financial performance analysis
5:24 Reaching the climate tipping point
6:12 Impact of the Inflation Reduction Act (IRA)
7:08 Database applications for policymakers
8:03 Future updates and public access
8:48 Research implications and next steps