The risks of climate change are increasingly apparent. There is broad consensus among global policymakers that the world needs to reach net-zero emissions – ideally by 2050. Companies recognise the challenge, and the proliferation of corporate ‘net zero 2050’ targets in the last few years has been remarkable. Investors rightly see a net zero 2050 target as a positive company attribute. Committed businesses are lowering their transition risk and should benefit from demand for low-carbon goods and services.
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