MSCI: Global companies failing on climate goals

Businesses ‘running out of time’ to address global warming

Publicly-listed companies are on track to "burn through" their 1.5°C emissions budget within five years of COP26, which kicks off on 31 October, according to research from data provider MSCI.

Moreover, the world's listed companies will cause global temperatures to rise by 3°C, meaning the climate targets laid down in the Paris Agreement are increasingly out of reach. MSCI's latest Net-Zero Tracker reveals that less than 10% of public companies are aligned with the 1.5°C temperature rise threshold. The global carbon budget to limit global warming to 1.5°C will be exhausted by November 2026, MSCI stated. "The rapidly shrinking timeframe is being driven by the significant rise in greenhouse gas emissions from public companies as global economic activity rebounds," the firm...