Latest Carbon Performance data for food producers and coal mining companies now available

The latest Carbon Performance (CP) data for the world’s largest food producers and coal mining companies are now available on the TPI tool. The update covers 53 food producers and 42 coal mining companies[1]. As of January 2026, these companies represent a combined market capitalisation of almost $1.3 trillion[2].

The Food and Agriculture Organisation (FAO), estimated that in 2023, the emissions attributable to the food sector reached 16.5 Gt CO₂eq, which represented almost one third of global GHG emissions. Farm gate emissions from livestock and crop and land use change remain the primary drivers of food system emissions, accounting for 8.1(49%) and 3.2 Gt (19%) CO₂eq, respectively.

Similarly, the International Energy Agency (IEA) reports that coal remained a crucial energy source in 2024, with global consumption reaching a record high of 8.81 billion tonnes, accounting for approximately 40% of energy-related CO₂emissions. 

In Section 3 of our flagship annual report, State of the Corporate Transition 2025, we explore how the assessed companies in these sectors are contributing to Paris Agreement alignment across three timeframes. Section 3.4 then introduces Cumulative Benchmark Divergence (CBD), which specifically reflects the extent of cumulative overshoot or undershoot relative to the Below 2°C or 1.5°C benchmarks. We find coal mining and food producer companies overshooting both Paris-aligned benchmarks.  

The TPI Global Climate Transition Centre (TPI Centre) methodology assesses historical and projected greenhouse gas emissions, comparing companies against sector-specific benchmarks to evaluate their alignment with the goals of the Paris Agreement.

Explore the results of relevant companies now on the TPI tool: https://www.transitionpathwayinitiative.org/corporates

The relevant Carbon Performance methodology notes can be found below:

The TPI Centre is the academic partner of the Transition Pathway Initiative (TPI), a global investor-led initiative supported by over 155 asset owners and asset managers. Based at the London School of Economics and Political Science, it is an independent and authoritative source of research and data on the progress being made by corporate and sovereign entities in the transition to a low-carbon economy.

For any questions related to the Carbon Performance data or methodology, please email: tpi.centre@lse.ac.uk.

[1] These assessments cover TPI companies outside the Climate Action 100+ (CA100+) universe. Typically, CA100+ company assessments are published in Q3 each year. 
[2] Market capitalisation coverage is calculated for the companies for which this sector represents their primary activity. The calculation can change due to fluctuating corporate valuations, the size of the company universe assessed, or due to company sectoral reclassifications.

Photo credit: