Climate targets are curbing corporate emissions growth – but not fast enough
MSCI estimates that the 1.5°C budget of listed firms will be exhausted within three years.
The Scope 1 emissions of listed companies with SBTi-approved or self-declared net zero targets have gone down or remained stable since 2018 – while those with no target have increased.
According to the latest quarterly report from the MSCI Transition Finance Tracker, the 517 listed firms with SBTi-approved targets reduced absolute Scope 1 emissions by a median 0.5% per year between 2018 and 2023, while the 2,515 with self-declared net zero goals saw these emissions rise by just 0.2%.
