A home is seen destroyed in the aftermath of Hurricane Delta in Creole, Louisiana, U.S., October 10, 2020. Picture taken with a drone.
Adrees Latif | Reuters
Climate change is the single greatest challenge humankind has faced and its consequences are already all too apparent.
There has been an enormous rise in climate disasters over the past two decades, leading to the deaths of over 1.2 million people and affecting more than 4 billion people in total, according to the UN Office for Disaster Risk Reduction.
The world’s response to date has been inadequate to confront this existential threat to our planet. Current corporate carbon emissions targets are insufficient to avert a climate catastrophe.
On their current trajectory, listed companies will be scarcely greener in 2050 than they are today, with an estimated 80% of companies exceeding the emissions budget required to keep global warming under 2 degrees Celsius.
Analysis by MSCI of its All Country World…