Missing the Mark: CDP Temperature Ratings - 2022 Analysis
No G7 country's corporate sector is aligned with the Paris agreement's 1.5°C goal.
As we approach COP27, this briefing with Oliver Wyman uses CDP’s latest temperature ratings to assess whether current corporate emissions reduction targets are ambitious enough to meet the Paris Agreement’s 1.5° Celsius goal.
The G7’s private sector has an important role to play in that effort. Strong momentum in 2021, particularly in the runup to last year’s COP26, saw the number of corporates committing and setting climate targets increase rapidly. Yet, our analysis shows that the greenhouse gas (GHG) emissions reduction targets publicly disclosed by companies in G7 economies are still only ambitious enough to align with a 2.7°C decarbonization pathway.