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Updated / Thursday, 22 Apr 2021
07:03
Just under 24.84% of firms have taken action to limit global warming to 1.5 degrees Celsius
Fewer than one in four of the world s largest companies are on track to meet basic climate change targets, according to a new study.
The survey of nearly 700 listed firms in 14 countries was conducted between 2015 and 2019.
According to British investment firm Arabesque, just under a quarter (24.84%) of the world s large listed companies have taken action to limit global warming to 1.5 degrees Celsius.
European companies are the best performers, particularly in Sweden (50%), Germany (39.29%) and Finland (33.33%).
France is just behind (32.5%), followed by the UK and the United States (both on 23.08%). China (8.51%) and Australia (4.55%) trail behind.
Fewer than one in four of the world’s largest companies are on track to meet basic climate change targets, according to a new study published on Thursday (22 April) ahead of a US-hosted climate summit where world leaders are expected to announce new commitments to cut emissions.
Findings of the survey of nearly 700 listed firms in 14 countries from 2015 to 2019 were unveiled on the day US President Joe Biden launches a virtual climate summit.
Just three months into office, Biden will welcome 40 leaders for the two-day virtual Earth Day summit, where he is expected to roughly double US targets for slashing emissions responsible for climate change over the next decade.
Most major companies failing climate targets: Study straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
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