LOIM: 25% of global large caps on track to meet Paris Agreement's climate goals

Companies in MSCI World Index aligned with global warming of 2.9°C

Just a quarter of the world’s large-cap stocks are on track to meet climate goals laid down in the Paris Agreement back in 2015, according to estimates by Lombard Odier Investment Managers (LOIM).

Since COP21's Paris Agreement stated the objective to keep global warming capped at below 2°C above pre-industrial levels, ideally beneath 1.5°C, there have been numerous pledges from countries to meet net zero targets. Almost all countries worldwide have signed on to the agreement. Despite this, the research by Lombard Odier estimates that only 25% of companies in the MSCI World index are currently aligned to keeping warming below 2°C. "An even smaller percentage of 6% is already moving credibly towards 1.5°C, as of the end of October 2021," said Thomas Höhne-Sparborth, head of susta...