Ten years after the Paris Agreement, COP30 has reaffirmed the ambition to pursue efforts to limit global warming to 1.5°C. But reality is sobering with global average temperature already hit +1.55°C in 2024, and emissions continue to rise. At this pace, the remaining carbon budget for 1.5°C could be exhausted within four years.
So, is the 1.5°C objective still relevant? Sycomore AM believes yes – as a North Star for Climate Engagement – and release a new document to clarify why.
Key insights from the publication:
- Every ton of CO₂ avoided counts: even beyond 1.5°C, individual deep decarbonisation actions contribute to reduce risks and protects long-term returns globally
- A virtuous circle: the more companies that commit, the more signals others receive to join them
- We believe that investors’ engagement has borne fruits, with now 21% of listed companies having certified science-based targets
- Given the role of public policies, engaging towards 1.5°C also means for us ensuring that corporates align their climate lobbying
- The updated Net Zero Emissions scenario of the International Energy Agency will remain a key guidebook for us
At Sycomore AM, we continue to integrate these insights into our ESG analysis and engagement strategy, both individually and through collaborative initiatives like Climate Action 100+.
Read the full publication :
