Carbon intensive definition
Carbon intensive in this context means that significant institutional investors have identified the 107 companies as highly carbon exposed: 94 are included among the Climate Action 100+ (“CA100+”) investor focus list37; the remaining 13 companies were companies with obvious relevant financial risks38. Given that CA100+ companies account for “over 80% of corporate industrial greenhouse gas emissions”, these companies are key to driving the global net-zero emissions transition and their business models will be deeply impacted by it.