The Transition Pathway Initiative Centre at the London School of Economics accessed the transition plans of more than 1,000 companies.
Only 1% of firms in high-emitting sectors have aligned their future capital expenditures with long-term decarbonisation goals, new research suggests.
The firms covered collectively constitute at least 90% of the total market capitalisation of those high-emitting sectors, the centre said. On particular actions, only 1% of companies have aligned their future capital expenditures with long-term decarbonisation goals, while only 2% have committed to phasing out capital expenditure in carbon-intensive assets or products.
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