Net Zero Tracker, Tracking climate progress by listed companies
Listed companies would deplete their share of the global carbon emissions budget for limiting temperature rise to 1.5°C by July 31, 2026, based on their Scope 1 emissions as of Feb. 29, 2024 (Exhibit 19). Note that this refers to the remaining emissions budget for listed companies and not global temperatures, which averaged between 1.35°C (2.43°F) and 1.54°C (2.77°F) above preindustrial levels last year. To limit warming to 1.5°C, companies would need to collectively cap future Scope 1 emissions at 28.9 gigatons (Gt) of CO2e emissions by 2050. Without any change to their current emissions of roughly 11.8 Gt a year, companies would deplete their remaining emissions budget in 2 years, 5 months. To limit warming to 2°C, listed companies would need to collectively cap future Scope 1 emissions at 200 Gt of CO2e by 2050. Without any change to their current emissions, companies would deplete their remaining emissions budget in 16 years, 11 months.
Source: MSCI ESG Research, data as of Feb. 29, 2024.
The hourglass and countdown clock show annual total Scope 1 emissions of MSCI ACWI IMI constituents (not index-weighted) based on listed companies’ reported emissions data and MSCI estimates as of Jan. 31, 2024. Emissions for 2023 that companies haven’t yet reported are based solely on MSCI estimates, given a lag in company reporting. The remaining future emissions budget to achieve a 1.5°C and 2°C warming scenario are calculated based on bottom-up estimates (sum of remaining emissions budget of all MSCI ACWI IMI constituents) as of Feb. 29, 2024.