No major stock indexes are on a path to hit the 2°C Paris climate goal — here’s which market runs the hottest

Companies may be seeking a marketing boost when they issue climate pledges, or perhaps some see the writing on the wall for intensifying storms and rising seas.

In fact, four of the seven global stock indexes in the survey, including the U.K.’s FTSE 100 UKX, -0.20% and U.S. S&P 500 SPX, -0.18%, are on temperature pathways of 3°C or above, according to the Science Based Targets initiative, a private-sector effort that helps companies set science-based emissions reduction targets.

But fewer than 1% of Canada’s S&P/TSX 60 SPTSE, -0.41% companies are covered by SBTs, resulting in a temperature rating of 3.1°C, tied for highest with the FTSE 100.The performances were judged according to current corporate climate ambitions of companies listed in the leading stock markets among the Group of Seven largest industrialized democracies: In addition to the FTSE 100, the S&P 500, the SPTSX 60 and the DAX 30, Italy’s FTSE MIB I945, -0.26%, France’s PX1, +0.

“This report highlights the urgent need for markets and investors to deliver on the goals of the Paris Agreement. As the G-7 meets this week, governments must go further to incentivize ambitious science-based target setting,” she said.

Was your plan for the stock indexes to save us? What a weird article.

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