A report offering a sector, company, and issuer performance overview on climate adaptation, has been unveiled by French asset manager Amundi, the Asian Infrastructure Investment Bank (AIIB), and Climate Bonds Initiative (CBI). The Companies and Climate Change report evaluated 208 companies across eight sectors and found that performance varied “due to data and quality gaps” and noted that reporting and alignment to Paris Agreement objectives was “inconsistent”. The report also found that companies had made progress on climate, with the majority having adopted climate mitigation strategies, procured renewable energy, and reported on emissions. However, it warned that climate adaptation “still requires work”, with fewer firms having set science-based targets or committed to net zero goals. Additionally, the report highlighted that the majority of transition-contributing companies are “unprepared for climate risks”, with only 14% having adaptation and resilience plans, leaving them “exposed to potential financial loss”.
Valuable insights for investors and issuers from the first research application of the AIIB-Amundi Climate Change Investment Framework.
— AIIB (@AIIB_Official) April 27, 2023