CDP, the leading platform through which companies report their carbon emissions, has become the latest organisation to launch a potentially influential system of temperature ratings, so investors can work out how much global warming each company’s plans will theoretically lead to — and hence the overall temperature of a portfolio.
“When companies talk about their transition goals, they talk about tonnes of CO2 or percentage reductions,” said Emily Kreps, global director of capital markets at CDP in New York. “They might be going to cut emissions by X% by 2030 — but what does it actually mean? Most
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