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G7 firms failing Paris agreement on 2.7°C warming path
September 06 2022
Analysis of corporate climate targets suggests they need a step change to achieve Paris agreement
Progress on target-setting since 2020 ‘cools’ European economy by0.3°C,to2.4°C
Asian and North American companies fare worse, at3.1°Cand2.9°C respectively
In Canada – the worst in G7 – under half of corporate emissions covered by targets.
September 6, 2022 (Berlin):Global leaders will meet in Sharm el-Sheikh in November to keep the Paris agreement’s 1.5°C target alive, but climate ambition in G7 economies and beyond is putting the COP27 vision out of reach, according to new analysis by non-profitCDPand globalmanagement consultancyOliver Wyman.