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GC Asia
Heavy industry way off track on climate, warns TPI
The scope for investors to get behind decarbonising some of the most difficult industries was highlighted on Wednesday by a report showing that only 14% of leading heavy industrial companies are aligned with limiting global warming to 2°C by 2050.
Among these promising few are Rio Tinto — alone in the aluminium sector — ArcelorMittal, Posco and ThyssenKrupp in steel, and cement makers CRH, Cemex and HeidelbergCement.
Looking at whether they are on track to be aligned in 2030, an easier measure, 22% of companies are on course — but that ...Already a subscriber? Login
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Latest news from SRI / Green Bonds
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UK edges ahead in race to claim world’s greenest central bank
04 Mar 2021 -
Should London care if listings dwindle?
04 Mar 2021 -
Italy EUR8.5bn 1.5% Apr 45 green bond
04 Mar 2021 -
UK’s ‘KfW’ to be major capital markets player
04 Mar 2021 -
Italy brings biggest and longest sovereign green bond
04 Mar 2021
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