Off the track: New research finds highest-emitting companies off-track to meet Paris climate goals, and puts investors on “emergency footing”.
Landmark ‘State of the Transition’ research assesses 274 high-emitting companies for $14 trillion-backed Transition Pathway Initiative:
• 46% of companies are failing to adequately integrate climate change into their business decisions.
• Only 1 in 8 companies (12.5%) are reducing carbon emissions at the rate required to keep global warming below 2°
• $14 trillion network urges investors to adopt “an emergency footing” to get companies moving faster on climate, and avoid “Catch 22 on disclosure”.
• Report notes that one in four (27%) companies assessed for a second year, however, are improving on climate management.