A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

InfluenceMap Links Firms to 80% of Fossil Fuel Emissions

A new report by think tank InfluenceMap has shown 57 corporate and state entities can be linked to 80% of fossil fuel and cement-based CO2 emissions between 2016 and 2022. The report uses the Carbon Majors database, which contains emissions data from 1854 through to 2022. It found nation-state producers accounted for 38% of emissions within the assessed timeframe, followed by state-owned entities (37%), and investor-owned companies (25%). A total 88% of global CO2 emissions from fossil fuels and cement production between 2016-2022 can be linked to just 117 producers, the report added. The top five investor-owned companies – Chevron, ExxonMobil, BP, Shell, and ConocoPhillips – were found to be responsible for 11.1% of historical fossil fuel and cement CO2 emissions. The report also stated that most fossil fuel firms produced more fossil fuels in the seven years after the Paris Agreement than in the seven years before the Agreement’s adoption. “InfluenceMap’s new analysis shows that this group is not slowing down production, with most entities increasing production after the Paris Agreement,” said Daan Van Acker, Programme Manager at InfluenceMap. “This research provides a crucial link in holding these energy giants to account on the consequences of their activities.”

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top