As we enter the ‘transition decade’, new research by the Transition Pathway Initiative finds that only 16 of 111 (14%) large publicly-listed industrial companies are aligned with an emissions reduction pathway that would keep global warming at 2°C or below. The combined market cap of the 95 industrial companies failing to align with 2°C or below by 2050 is over $856 billion.
This paper sets out TPI response on the move towards comprehensive reporting as proposed by CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB).
Despite apparently bold moves by European oil & gas companies in recent months, no major fossil fuel energy company has aligned its emissions pathway with limiting climate change to 2°C, say $22 trillion-backed Transition Pathway Initiative (TPI)
New research from the Transition Pathway Initiative (TPI) reveals that just two of the ten largest mining companies are aligned with limiting climate change to 2°C. These 10 companies have a market capitalisation of over $350bn and contribute to annual carbon emissions of over 1.5 billion tonnes either directly or indirectly via their products.
This 2020 State of Transition Report from the Transition Pathway Initiative (TPI) is the latest in a series of annual stocktakes of the progress being made by the world’s biggest and most emissions-intensive public companies on the transition to a low-carbon economy.
Sector cluster reportSector reportState of Transition