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Module 9, “Business model”, assesses the companies’ dependency on emission-intensive revenue streams and steps being taken to transition and/or replace its existing business model(s) to remain profitable in a low-carbon economy. The company’s future business model(s) should enable it to decouple financial results from GHG emissions, in order to meet the constraints of a low-carbon transition while continuing to generate value. This can be done by developing new, low-carbon business models outside the core business of the company, while decarbonizing or terminating existing, high-carbon business models. This should lead to the company’s revenue being generated entirely from low-carbon products and services, according to the ACT definition of “low carbon” for a particular sector.

This module aims to identify both: 

  • the “big picture” view of the company’s low-carbon transition, by assessing its overall share of revenue from low-carbon products and services and the trend in share over time; 
  • the detail of the specific changes it is making to its business: introducing/expanding new, low-carbon business models; and decarbonizing/terminating its existing, high-carbon business models. 

Ranking overview

1 Siemens Gamesa
Total score 96.3 /100
Business model 96.3 /100
- Vestas
Total score 96.3 /100
Business model 96.3 /100
3 First Solar
Total score 75.4 /100
Business model 75.4 /100
4 Goldwind
Total score 71.9 /100
Business model 71.9 /100
5 Canadian Solar
Total score 70.0 /100
Business model 70.0 /100
6 Trina Solar
Total score 67.6 /100
Business model 67.6 /100
7 Schneider Electric
Total score 52.8 /100
Business model 52.8 /100
8 General Electric
Total score 30.4 /100
Business model 30.4 /100
9 Eaton
Total score 28.8 /100
Business model 28.8 /100
10 ABB
Total score 24.4 /100
Business model 24.4 /100
11 Honeywell
Total score 15.0 /100
Business model 15.0 /100