Forbes covers research published in the Climate Performance Leadership Index 2014 (CPLI) which says that companies from all sectors of the economy have collectively reduced their total carbon emissions by 33 million tons in the last year alone.

The article says that sectors most represented in the CPLI include Information Technology, Financials, Consumer Staples, Consumer Discretionary and Industrials.

Over three quarters of companies reporting to CDP this year have disclosed a physical risk from climate change. Investing in climate change–related resilience planning has become crucial for all corporations,” says Paul Simpson, chief executive of CDP.

Additionally, in the article research says companies who reduce their carbon footprint will apply a business lens to climate change, raise awareness on investments and shift away from shot-termism. Researchers found that investment by companies on the CPLI to cut their emissions lead to an average reduction of 9 percent per company while also achieving an average internal rate of return of 57 percent for each project.

Furthermore, the article asserts that businesses must make better decisions to reduce their carbon footprint which can lead to high revenues, strengthen brands, cut costs and managed risks.