Corporate climate targets falling short of 1.5°C goals
Here’s the news from this “ESG Today” article:
Corporate emissions reduction targets globally are falling well short of the requirements to limit temperature increase to 1.5°C and to avoid the most significant effects of global warming, according to a new study released today by climate research provider and environmental disclosure platform CDP and management consulting firm Oliver Wyman, with targets across G7 countries only sufficient to align with a 2.7°C increase.
The report found that the temperature increase for every G7 country’s corporate emissions ambitions is above the 1.5°C threshold. By region, European companies overall aligned with a 2.4°C increase, while North American companies are on track for 2.5°C, and Asian companies are on a 3°C path.