Climate change 'can increase company value'

Between 1 July 2019 and 31 December 2019, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £479 or more.

Introducing measures to tackle climate change could help businesses increase the value by around 80 per cent, according to new research.

The study by the Carbon Trust also claimed that the future of some firms could even depend on their efforts to lower their carbon footprints and cut their use of electricity.

Changing consumer behaviour and technological innovation were highlighted as key drivers behind the increasing value of sustainability to companies.

Tom Delay, chief executive of the Carbon Trust, described the issue of climate change as "a revolution in business".

"Companies and investors that prepare now and develop new strategies will reap the commercial rewards of the move to a low carbon economy," he explained.

He added that the risks of not making an effort to address the issue were "just too vast to ignore".

The Carbon Trust recently released figures which highlighted its efforts to help businesses across the UK.

According to the body, it has help companies save around £1 billion in energy costs and carbon emissions since is launch in 2001.

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