Macro Minutes: Scale Matters to Climate Initiatives

In this edition of the Macro Minutes video series, ESG Program Manager Zoe Abbott Boyd addresses how the scale of a company’s positive environmental activities matters.

Key Points

  • Big tech firms, in particular cloud services, play a role in addressing climate change because many efficiencies gained in energy usage are driven by improvements in technology.
  • The top 5 cloud infrastructure companies spending on cloud services captures 65% of the $80+ billion cloud market.
  • Similarly, large oil companies generate $43.3 billion more from alternative energy and energy efficiency than smaller oil firms.


*The foregoing information constitutes the views of Fisher Investments based on information believed to be reliable. There can be no assurances that Fisher Investments will continue to hold these views. These views may change at any time based on new information, analysis, or reconsideration.
About Fisher Investments

Founded in 1979, Fisher Investments is an independent, fee-only investment adviser with $197 billion under management.* Fisher Investments maintains four principal business units, Fisher Investments Institutional Group, Fisher Investments Private Client Group, Fisher Investments 401(k) Solutions Group and Fisher Investments Private Client Group International, which serve a global client base of diverse investors. The clients of Fisher Investments and its affiliates include over 100,000 clients. Founder and Executive Chairman Ken Fisher’s “Portfolio Strategy” column for Forbes ran from 1984 through 2016, making him the longest continually running columnist in the magazine’s 90+ year history. He has also authored several New York Times bestsellers on finance and investing. (*As of 3/31/2022)