SINGAPORE The world’s listed firms are set to exceed their carbon budget – the amount of carbon dioxide emissions that would limit global temperature rises…
SINGAPORE, May 15 (Reuters) - The world's listed firms
are set to exceed their carbon budget - the amount of carbon
dioxide emissions that would limit global temperature rises to
1.5 degrees Celsius (2.7 Fahrenheit) - by as early as Oct. 20. | 02:51am
Nearly half of global public companies have now set a decarbonization target, but only 17% of those targets would align with the 1.5°C temperature rise goal
Listed companies’ global. | May 11, 2023
The number of global public companies making climate commitments has steadily grown this year but these targets vary significantly in their comprehensiveness and ambition according to the latest MSCI NetZero Tracker a gauge of climate change progress of the public companies within the MSCI All Country World Investable Market Index ACWI IMI1. The NetZero Tracker reveals a clear trend among listed companies more climate commitments improved disclosures but evergrowing carbon emissions.
World's biggest companies must cut emissions by up to 10 per cent every year through to 2050 to put the world on track to meet goals of Paris Agreement