Cement and steel companies moving slowly in transition to low-carbon economy

18/09/2018

New research by the Transition Pathway Initiative (TPI) shows that cement and steel companies have made only modest progress in managing climate change and reducing their carbon emissions over the past year.

TPI is backed by asset owners and investors with over £7 trillion ($9 trillion) of assets under management. The assessment of companies’ carbon management and performance is carried out by the London School of Economics’ Grantham Research Institute on Climate Change and the Environment, supported by data from FTSE Russell.

Two reports, launched today, examine how the world’s largest publicly listed companies in the cement and steel sectors are managing climate change risks and opportunities, and how their emissions performance compares to international climate goals. These reports update assessments of the cement and steel sectors published in September 2017. The findings show that:

Commenting on the study, Professor Simon Dietz of the London School of Economics Grantham Research Institute, said: “While we see that some companies have made progress, and some examples of good practice, overall the assessment looks very similar to last year. These two sectors remain stuck in second gear on climate change.”



ENDS   
Download 'Management Quality and Carbon Performance of cement producers: update - September 2018'
Download 'Management Quality and Carbon Performance of steel makers: update - September 2018'