Assessing climate progress by G20 countries and listed companies

Industry event

December 6, 2023

Dubai

Join us on Wednesday, December 6 from 9:00 a.m. – 10:00 a.m. in the Al Jeer room of the Global Climate Action Hub at COP28 to unpack the findings from our latest Net-zero Tracker report and to hear from a diverse group of leaders on such questions as:

  • How can countries, companies and investors close the gap between climate ambition and reality?
  • How can policy remove barriers to accelerate decarbonization by the private sector?
  • What approaches to catalyze climate investment are working in countries that show signs of progress?
  • Which countries are actively participating in international climate agreements and collaborations? How might these partnerships impact their long-term strategies and investment attractiveness?
  • How can policymakers, corporations and investors work together to manage the trilemma of energy security, affordability and decarbonization?


Speakers

Linda-Eling Lee, the MSCI Sustainability Institute’s founding director, will moderate the discussion. Speakers will include:

  • Ali Zaidi, National Climate Advisor, Climate Policy Office, White House
  • James Grabert, Director, Mitigation, United Nations Framework Convention on Climate Change (UNFCCC)
  • Heather Zichal, Head of Sustainability, JPMorgan
  • Tessa Ferry, Race to Zero Lead, Climate Champions, UN Climate Change High-Level Champions
  • Emily Murrell, Policy Programme Director, Institutional Investors Group on Climate Change
  • Carine de Boissezon, Chief Sustainability Office & Head of Impact, EDF Energy
  • Daniel Hanna, Head of Sustainable Finance, Barclays
  • Gilles Vermot Desroches, Director of Corporate Citizenship and Institutional Relations, Schneider Electric
  • Maurice Berns, Managing Director & Senior Partner; Chair, Center for Energy Impact
  • Grant Dougans, Partner, Energy and Natural Resources lead, Bain & Company
  • Hiromichi Mizuno, Special Advisor to MSCI Chairman and CEO Henry Fernandez

Context

There is a mismatch between decarbonization rates of the majority of G20 countries and their publicly listed companies.

Listed companies in the world’s largest economies are expected to slow the pace of carbon emissions reductions this decade while decarbonization by their respective home countries is on track to accelerate, the MSCI Sustainability Institute’s latest Net-Zero Tracker finds.

Companies in 13 of 16 Group of 20 nations examined in the report are due to decarbonize by an average of 2.9% annually, a slowdown from 3.2% per year since the Paris Agreement. Meanwhile governments in those countries are likely to reduce national greenhouse gas emissions by an average of 4.5% each year between 2022 and 2030, a faster rate of reduction than the 0.8% average achieved annually after the Paris Agreement.

While corporate net-zero commitments are on the rise, listed companies globally are tracking toward a world that warms by 2.5°C above preindustrial levels. Companies will burn through their share of the global emissions budget for keeping warming below 1.5°C as early as April 2026. Despite signs of climate progress in some nations and industries, “much more action is needed now, on all fronts,” the UNFCCC has stressed.

For more information please contact us.


Where & when

Wednesday, December 6 from 9:00 a.m. – 10:00 a.m.

Al Jeer room (B7 92) in the Global Climate Action Hub at COP28

 

COP28 Roundtable Blue Zone Map