Only fractions of global heavy industry are aligned with Paris climate goals

Euractiv | Feb 19, 2021 at 8:42 AM
  • Only 14% of publicly listed companies in the steel, cement, aluminum, paper and mining sector are on track to meet the Paris Agreement’s 2°C climate target, according to a report by the Transition Pathway Initiative (TPI), a global investor group supported by the UN.
  • The result: 95 out of the 111 large publicly-listed companies studied (86%) are failing to align with a pathway to 2°C or below by 2050.
  • Of the 111 companies in global heavy industry surveyed, only 16 are well on track to revising their own production processes in such a way that they could meet the requirements of a climate-neutral future.