A major new report assessing the climate performance of 274 of the world’s highest-emitting publicly-listed companies finds that almost half (46%) do not adequately consider climate risk in operational decision-making. A quarter (25%) do not report their own emissions at all, undermining a key recommendation of the Taskforce for Climate-related Financial Disclosure (TCFD). The report assesses companies on ‘Management Quality’ related to climate, but also goes further and analyses ‘Carbon Performance’, in terms of current and planned GHG emissions. A total of 160 companies are analysed on Carbon Performance and the research finds that only 20 companies, or one in eight, are aligned with a pathway that would keep global warming below 2°C.
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