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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