The latest MSCI Net-Zero Tracker shows that almost half of global public companies have set decarbonization targets, but only 17% of these targets align with the Paris Agreement’s goal of limiting temperature rise to 1.5°C. The analysis also reveals that public companies are projected to use up their share of the global emissions budget for limiting temperature rise to 1.5°C by October 2026, which is two months sooner than previously estimated. Despite making more carbon reduction commitments, public companies are still on track to emit 11.2 gigatons of direct Scope 1 greenhouse gas emissions this year, the same as in 2022. In contrast, private companies globally have lower carbon intensity than public companies. The MSCI Net-Zero Tracker highlights the need for public companies to make more comprehensive and ambitious climate commitments and disclose more information to help investors make climate-conscious portfolio decisions.
resource: https://esgnews.com/msci-more-public-companies-are-making-climate-commitments-but-deadline-to-limit-warming-to-1-5c-shrinks-again/