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No major G7 stock indexes are currently on a 2°C pathway, much less the 1.5°C that is so urgently needed. Four of the seven indexes are on dangerous temperature pathways of 3°C or above.
G7 indexes with a higher share of emissions covered by science-based targets (SBTs) result in lower overall temperature ratings. 71% of Germany’s DAX 30 companies’ emissions are covered by SBTs, resulting in the lowest index temperature rating of 2.2°C, while less than 1% of Canada’s SPTSX 60 companies are covered by SBTs, resulting in the joint-highest temperature rating of 3.1°C.
Companies with science-based targets are already cutting emissions at scale - and today’s research calls on all businesses to take immediate action to align with a 1.5°C pathway. SBTi identifies four key levers that governments, investors and businesses can use to unlock breakthrough climate action through science-based targets.
Read more about None of G7 s leading stock index aligned with Paris climate goals on Business Standard. New research from the SBTi revealed that none of the G7 s leading stock indexes are currently aligned with a 1.5 degrees Celsius or two degrees pathway