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Paris Maligned II: Climate alignment assessments reveal oil and gas company transition risk exposure

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Year Published

2024

Contributing Organizations

Carbon Tracker

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Oil & Gas
Topic 2
Transition Planning & Implementation Capabilities
Topic 3
Transition Finance

Target Audience

Asset Managers
Asset Owners
Banks
Insurers
Financial Services Providers

Relevant Geography

Global

Resource Summary

This report provides investors with climate alignment and transition risk exposures for 25 of the world’s largest listed oil & gas companies. It posits that, although the window of time to achieve the goals of the Paris Agreement is rapidly shrinking, oil and gas companies are still failing to take the requisite actions to align their activities with Paris.

It also sets out that investor demand for assessments of climate alignment is growing: more and more investors with a ‘universal owner’ investment perspective are recognising the risks that climate change poses to their wider portfolios, while others are seeking for their investments to be managed ‘sustainably’, and states that investors can also use climate alignment assessments as a proxy for transition risk exposure to low carbon future scenarios.

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