New Report Identifies Best Practices of Low-Carbon Leaders from Morningstar Sustainalytics

A recent report by Morningstar Sustainalytics sheds light on the global implementation of best practices for the low-carbon transition. According to the report, less than 10% of companies worldwide consistently adopt these practices. However, the report also highlights leading examples that can serve as valuable learning opportunities. Pustav Joshi, Associate Director of Climate Research at Morningstar Sustainalytics, emphasizes the significance of these practices. He notes that while only a small minority of companies consistently employ them, they are relatively straightforward and can be adopted by any company, particularly those in high-emitting industries, to effectively manage their climate risk exposure. The report identifies six key best practices that are commonly adopted by companies at the forefront of emissions reduction efforts. These practices include setting concrete greenhouse gas reduction targets, linking executive pay to emissions targets, integrating carbon pricing into decision-making, developing sustainable financing strategies, leveraging technology for innovative solutions, and tracking supply chain emissions. The report underscores the importance of wider adoption of these practices as companies navigate the transition towards a low-carbon future. Resources: https://esgnews.com/new-report-identifies-best-practices-of-low-carbon-leaders-from-morningstar-sustainalytics/