Schroders has launched a ‘climate progress dashboard’ to give investors insight into the progress being made towards meeting the 2C temperature rise target. The dashboard, developed by the Schroders’ Sustainability team, identifies the long-term temperature rise the world is on course for, according to a framework of indicators spanning politics, business, technological progress and energy. According to the dashboard, the indicators are currently predicting a temperature rise of 4C.
Highlighting the disparity in commitments across sectors and indicators, the dashboard shows global political action points to a 3.6C temperature rise, and current oil and gas production running at a level consistent with temperature rises twice that level, exposing the risks that remain in energy companies.
Head of sustainable research at Schroders, Andy Howard, said: “Climate change is a major challenge for the global economy, industries and financial markets. However, too little attention is paid to developing the tools to manage the risks it presents. Understanding the speed of progress and the implications for investment values is critical.”
Schroders’ Sustainability team will update the Climate Progress Dashboard on a quarterly basis, providing a real-time reflection of how successfully the world is moving towards the Paris target.
Printed Copy:
Would you also like to receive CIR Magazine in print?
Data Use:
We will also send you our free daily email newsletters and other relevant communications, which you can opt out of at any time. Thank you.
YOU MIGHT ALSO LIKE