Publicly listed companies must accelerate climate action if the 1.5°C warming target set out in the 2015 Paris Agreement is to be met, according to a new tracker by index provider MSCI covering more than 9,000 companies.
The inaugural Net-Zero Tracker highlights how the annual emissions of listed companies globally are still at the same level as 2013, despite concerted efforts to place climate change at the top of the global agenda. This includes the 2015 Paris Agreement which set a goal to limit global warming to below 2°C, with 1.5°C the preferred target. The MSCI Net-Zero Tracker showed that listed companies collectively emit 10.9 gigatons of direct greenhouse gases every year and that they need to stay within the remaining emissions budget of 61.4 gigatons of carbon dioxide equivalent (CO2e) to avoi...
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