Climate Changed
Investors to Ask Companies to Be CO2 Neutral by 2050
- Only 9% of firms assessed said to track Paris accord goals
- Climate Action 100+ members oversee more than $35 trillion
Photographer: Jeff Swensen/Getty Images
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The largest investor initiative tackling climate change says after two years of talking to the most polluting companies, data show most haven’t aligned their businesses with the Paris accord and that its members need to ramp up pressure.
The group, which oversees $35 trillion and is known as the Climate Action 100+, says only 9% of the most polluting companies are aligned with 2 degree Celsius warming targets. The group hopes its members can push corporate boards to change and work toward cutting their net emissions to zero by 2050, a request that will drastically alter life for many of the world’s biggest companies.