Amongst the 4,000 firms with science based targets to prevent the Earth from surpassing 1.5°C warming, only 15-20% of companies have the governance structures in place to be likely to meet them.
Nigel McKeverne, associate director, and Robert Edwards, director of product management at Morningstar, warned that better data is needed in the discussion on the gap between corporate climate pledges and their outcomes. Speaking at the Sustainable Investment Festival today (15 June), McKeverne argued that while many other ratings firms look to targets and commitments to understand corporate sustainability, it was essential to examine the probability that firms can meet those targets. SIF 2023: SFDR has 'changed thinking' around private capital investment Using Morningstar's new Lo...
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