High emitting companies ‘well off track’ on climate goals

More than 80% of the world’s largest high-emitting companies are not on course to reduce greenhouse gas emissions in line with what is needed to keep global warming within 2°C, according to researchers.

Of 238 companies assessed for their ‘carbon performance’ across the aviation, cement, oil and gas, paper, shipping and metals sectors, just 18% are aligned with a 2°C benchmark for emissions cuts by 2030 or 2050, the Transition Pathway Initiative (TPI)’s new annual report states. 

In addition, only 31% are aligning themselves with the pledges set out under the Paris Agreement, which so far do not amount to emissions cuts needed to keep temperature rise under 2°C.

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