Most Corporate Climate Transition Plans Aren’t Credible: Study

The effects of climate change are intensifying but businesses globally are struggling to make transition plans that they can implement in the real world, according to a report released Wednesday by the London School of Economics and Political Science.

The study of corporate climate performance looks at disclosures from 2,000 publicly traded companies, which together represent three-quarters of publicly listed equities worldwide and $87 trillion of market capitalization. The authors find that only 2% have disclosed plans to shift capital away from high-carbon assets or to align their spending with their long-term decarbonization goals.

Recognition of climate change is far more ...