COP26 Warning: World’s Listed Companies to Cause a Temperature Rise Of 3°C
12 Outubro 2021 - 7:15AM
Business Wire
- As direct emissions continue to rise, the
quarterly MSCI Net-Zero Tracker reveals publicly listed companies
will burn through their 1.5°C emissions budget within five years of
COP26
- MSCI releases the top 10 publicly listed
companies with the largest footprint of Scope 1, 2 and 3
emissions
The Paris Agreement climate targets are increasingly out of
reach as the world’s publicly listed companies will cause global
temperatures to rise by 3°C, according to the latest MSCI Net-Zero
Tracker.
With less than 10% of public companies aligned with a 1.5°C
temperature rise threshold, the global carbon budget to limit
global warming to 1.5°C will be exhausted by November 2026. This
timeframe has moved forward by five months in just 90 days since
the launch of the Net-Zero Tracker in July.
Henry Fernandez, Chairman and Chief Executive Officer, MSCI,
comments: “The findings of the MSCI Net-Zero Tracker should
dramatically increase the world’s sense of urgency to reduce
greenhouse gas emissions. As the extreme weather events of 2021
have reminded us, climate change is not a ‘potential’ problem 30 or
40 years down the road. It is a clear and present danger to our way
of life right now. What we do over the next half-decade — and
especially at COP26 in Glasgow — could make the difference between
avoiding or experiencing the worst climate impacts. We urge firm
action rather than words at COP26 to divert the world from an
imminent crisis and chart a path toward a sustainable future.”
Emissions set to rise by 6.7% in 2021
The rapidly shrinking timeframe is being driven by the
significant rise in greenhouse gas emissions from public companies
as global economic activity rebounds.
The Net-Zero Tracker, a quarterly gauge of climate change
progress across a global universe of 9,300 public companies based
on the MSCI All Country World Investable Market Index (ACWI IMI),
finds that company emissions are set to rise by 6.7% this year.
No sector or region is safe
The Net-Zero Tracker also finds that less than half of listed
companies are aligned with a 2°C temperature rise. No sector or
region is aligned with the 2°C target. Even low emitting industries
such as health care, information technology and financial services
have outliers consuming a disproportionate share of their
industry’s remaining budget.
From a regional perspective, although companies in developed
economies are projected to become more carbon-efficient this
century, every region is still emitting in excess. The problem is
most extreme in Emerging Markets (EM) EMEA, where the implied
temperature rise of listed companies is 4.8°C, followed by EM
Americas and EM Asia, which are set to rise by 3.8°C and 3.4°C,
respectively. To address this, companies need to cut their absolute
carbon emissions by 10% a year on average. However, from 2016 to
2020, less than a quarter of the world’s publicly listed companies
managed this feat.
Major gaps in disclosure of emissions — the laggards
revealed
As investors and policymakers seek new levels of transparency on
emissions, the latest Net-Zero Tracker shows:
- Saudi Arabian Oil Company, Gazprom PAO and Coal India Limited
are the top three listed companies with the largest carbon
footprint
- Shaanxi Coal Industry Company Ltd is the largest emitter to not
disclose any of its greenhouse gas emissions
- GlaxoSmithKline plc, H&M Hennes & Mauritz and
Électricité de France S.A. are listed in the top 10 companies that
have published the most thorough emissions-reduction targets
- Gazprom PAO, A.P. Møller – Mærsk A/S and Toyota Industries
Corporation reported additional scopes in the previous quarter and
are now reporting all company emissions across most of the relevant
categories (i.e., Scope 1, 2 and 3)
Remy Briand, Global Head of ESG and Climate at MSCI,
adds: “While it is encouraging that some of the world’s largest
listed companies are taking important steps by broadening their
emissions reporting and setting decarbonization targets, the
Net-Zero Tracker shows that major gaps still remain as many are
failing to disclose this crucial information. Climate disclosures
are critical for investors to help them assess the carbon intensity
of companies, to model climate-related financial risk and the
impact on the performance of portfolios, and to allocate capital
accordingly. Without accurate disclosures, the chances of companies
and investors reaching net-zero is a distant reality. We call on
policymakers and financial regulators at COP26 to make
climate-related disclosures based on international standards
mandatory.”
About MSCI Inc.
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 50
years of expertise in research, data, and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process.
Notes to Editors *Gigaton is
equal to a billion tons
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the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements relate to future events or
performance and involve risks that may cause actual results or
performance differ materially and you should not place undue
reliance on them. Risks that could affect results or performance
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