This report compares the energy and technology exposure of the Tokyo Stock Price Index (TOPIX) with the 2℃ roadmap of the International Energy Agency (IEA). The analysis is based on a translation of this climate scenario into “2℃ benchmarks” for investment portfolios, focusing on a 5-year window: 2016-2021. A 2℃ portfolio for TOPIX represents the relative amount of energy/technology which TOPIX companies should produce/use to achieve the 2℃ target under the IEA 2℃ scenario.