Apple, Microsoft and Google are among the top companies that are taking measures to mitigate climate change.
The technology giants are among the 113 companies awarded an A grade for their efforts to reduce carbon emissions, according to the report from the UK nonprofit policy Thinktank and lobbyist CDP.
CDP compared data from 1,997 firms this year, with 1,799 in 2010. It found that companies globally are taking measures and making investments for a low carbon economy.
According to the report, 94% of companies assign the climate change responsibility to the board or senior management and nearly 75% provide incentives for enhancing climate performance.
Nine out of every ten firms currently have activities in place to reduce their carbon output, compared with less than half in 2010.
CDP executive chairman and co-founder Paul Dickinson said: "The momentum of business action on climate change suggests we have reached a tipping point, where companies are poised to achieve their full potential.
"They need ambitious policy at both a national and international level that will support them in this regard and will catalyse participation from industry at scale."
Hewlett Packard was also given an A grade in the CDP report.
Hewlett Packard Enterprise president and CEO Meg Whitman said: "We must take swift and bold action to address the root causes of climate change. This means disrupting the status quo – changing the way we do business, holding ourselves and others accountable, and creating innovative solutions that drive a low-carbon economy."
