Why companies without a compelling decarbonization strategy are finding it harder to access to capital? The announcement of aggressive decarbonization commitments from various countries since 2020 changes the demand for commodities that underpin emissions-intensive. Institutional investors begin their shift to low-carbon investment portfolio while private investors are rebalancing their portfolios to support global decarbonization. Companies are pressured to prioritize investments in low-carbon opportunities. Organizations are also expected to articulate longer-term climate strategy and are encouraged to stress test their business models under different climate change scenarios. The rules for capital markets are rewriting and how should companies respond to the change?