None of the major G7 stock indices aligned with Paris climate goals

Research from the Science Based Targets initiative

Not a single one of the G7's leading stock indices are currently aligned with a 1.5°C or 2°C pathway, according to research from the Science Based Targets initiative (SBTi).

In the lead up to the G7 Summit, the analysis shows that the G7 countries' leading indices are on an average temperature pathway of 2.95°C, according to their constituents' current corporate climate ambitions. Stock indices, composed of stocks of the most significant companies listed on a country's largest exchange, are vital benchmarks to understand market trends. The report finds that four of the seven indices, including the FTSE 100 and S&P 500, are on rising temperature pathways of 3°C or above. Fossil fuels are a key contributor to the emissions of all seven indices, making up 70...