Listed companies set to exceed 1.5°C emissions budget by 61%
“Investors want evidence of transition, not just rhetoric."
Based on their current climate transition plans, listed firms representing three quarters of global market capitalisation are set to exceed a 1.5°C emissions budget by 61%, according to new research by the Transition Pathway Initiative.
The organisation’s sixth State of the Corporate Transition, published this week, finds that the climate transition plans of over 2,000 publicly listed companies largely lack credibility and ambition, and too often rely on unproven technologies such as carbon capture and storage.
