Empty promises: companies’ capital expenditure in low-carbon technologies not nearly enough

Despite their stated low-carbon commitments, companies aren’t walking the talk when it comes to investment in technology to drive the transition. Scenario analysis and investment in a low-carbon future is shockingly low across the 100 companies. Only 30 companies reported their proportion of capital expenditure (CapEx) for low-carbon and mitigation technologies in 2019. Further, existing low-carbon revenue streams are insignificant and the share of CapEx companies are allocating to low-carbon technologies is entirely insufficient to decarbonise at the scale and pace required.