Study finds ‘little evidence’ that having SBTi-approved targets increases stock prices
The findings come as listed companies are close to burning through their remaining 1.5ºC carbon budget.
An analysis of S&P 500 companies’ stock prices between 2010 and 2023 has suggested that committing to SBTi-approved climate targets has little effect on the price of shares.
The study, published in Nature this week and conducted by researchers at the University of Nevada and University of Washington, looked at the share performance of S&P 500 companies over more than a decade to determine whether stock markets reward firms that have joined the Science-Based Targets Initiative (SBTi).
