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The world's biggest companies have made almost no progress on limiting global warming since 2018 | CNN Business

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The vast majority of the world’s biggest companies have done almost nothing in the past five years to cut their planet-heating pollution enough to avoid catastrophic climate change.

Large companies are either more likely to contribute to extreme levels of warming or are not disclosing their greenhouse gas emissions at all, according to a new report from ESG Book, seen by CNN. The leading sustainability data provider found that the efforts of just 22% of the world’s 500 biggest public companies by market value are aligned with the Paris Agreement, aimed at limiting global warming to 1.5 degrees Celsius above pre-industrial levels.

This is particularly important for oil and gas firms as most of their emissions are generated from the burning of their products such as gasoline and jet fuel. In the UK, India and the EU, the number of companies with emission reduction targets aligned with the Paris Agreement has barely budged since 2018. Progress in the United States and China has been better, although off a lower base. In the United States, 20% of companies are Paris-aligned, up from 11% in 2018.

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