Equity index giant MSCI to give 10,000 firms global warming ratings

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LONDON : Global equity index compiler MSCI is to start providing data on how much the world's top 10,000 firms are likely to be contributing to global warning.The firm, which runs the widely-tracked US$60 trillion All Country World Index, is launching Implied Temperature Rise scores, which estimate whethe

LONDON : Global equity index compiler MSCI is to start providing data on how much the world's top 10,000 firms are likely to be contributing to global warning.

"The idea is to get companies to change their strategies," said MSCI's head of ESG and Climate, Remy Briand, who estimates nearly 60per cent of firms still don't disclose even the most basic environmental data. Projections are calculated by comparing those projected emissions with the global carbon budget that remains if the planet is to keep temperature rise this century below 2°C.Exxon, which has been under heavy scrutiny https://www.reuters.

There are currently no standardised rules around what the big global firms have to disclose about their emissions. Many also make misleading claims that they are on course to hit net zero targets, Briand said, by leaving out large chunks of their business when they make their own projections.

 

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