Businesses' direct GHG emissions will rise 11% in 2023 despite improved reporting
With no change to their current emissions, listed companies will deplete their remaining “emissions budget” in just 2 years, 8 months
The direct greenhouse gas emissions of nearly 4,500 listed companies will rise 11% on average in 2023 – despite a clear uptick in target-setting and disclosures – as the UN flagged an “immense rift” between between the world’s “present trajectory and the path required to avert the most catastrophic impacts of climate change.”
Investment research firm MSCI’s Net-Zero Tracker, published Tuesday, analysed the reports of nearly 4,500 listed companies based in the G20 economies. It found that they will pump an estimated 12.4 gigatons (Gt) of GHG emissions into the atmosphere this year; double-digits percentage growth on their 2022 emissions.
