Loading...
Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's Ahead TM including webcasts, publications, data and analysis, plus discounts to conferences and events.
05 December 2023 / Quick Take
Email
Linkedin
Facebook
Twitter
Copy LinkLarger companies have been at the forefront of renewable energy, but smaller companies are moving quickly in both disclosure and utilization of renewable energy. While only 27% of S&P MidCap 400 companies disclosed their renewable energy use in 2022, their disclosure rates nearly doubled, and their reported median renewable energy use nearly tripled from 2021 to 2022.
The marked uptake among S&P MidCap 400 companies should encourage smaller firms to focus on renewable energy use and disclosure. Nearly half of CEOs and 60% of C-Suite executives worldwide believe that transitioning to renewable energy will yield significant benefits for their organizations, despite concerns about transition costs. And investors should respond positively: while support for environmental shareholder proposals declined markedly in 2023, proposals on renewable energy transition plans received significant support.
Our 2023 report, Large US Firms Make Meaningful Progress on GHG Emissions, provides additional information on the use of renewable energy in companies. And for more statistics on environmental and other ESG disclosures, please visit our Live Dashboards on ESG Advantage, powered by ESGAUGE.
Larger companies have been at the forefront of renewable energy, but smaller companies are moving quickly in both disclosure and utilization of renewable energy. While only 27% of S&P MidCap 400 companies disclosed their renewable energy use in 2022, their disclosure rates nearly doubled, and their reported median renewable energy use nearly tripled from 2021 to 2022.
The marked uptake among S&P MidCap 400 companies should encourage smaller firms to focus on renewable energy use and disclosure. Nearly half of CEOs and 60% of C-Suite executives worldwide believe that transitioning to renewable energy will yield significant benefits for their organizations, despite concerns about transition costs. And investors should respond positively: while support for environmental shareholder proposals declined markedly in 2023, proposals on renewable energy transition plans received significant support.
Our 2023 report, Large US Firms Make Meaningful Progress on GHG Emissions, provides additional information on the use of renewable energy in companies. And for more statistics on environmental and other ESG disclosures, please visit our Live Dashboards on ESG Advantage, powered by ESGAUGE.
You already have an account with The Conference Board.
Please try to login in with your email or click here if you have forgotten your password.
Former Senior Researcher, ESG Center
The Conference Board
Greener Impact: Advancing Environmental Goals Through Corporate Citizenship
September 24, 2024
Greener Impact: Advancing Environmental Goals Through Corporate Citizenship
September 24, 2024
