In half a century, global greenhouse gas (GHG) emissions have doubled to reach 53 gigatonnes of CO2e i 2023. 18% were directly issued by 5,018 listed companies (88% of the world’s market capitalization). Yet these direct emissions (scope 1) are only the tip of the iceberg. Emissions are divided into three scopes

1️⃣ 𝐒𝐜𝐨𝐩𝐞 1: Direct corporate emissions
2️⃣ 𝐒𝐜𝐨𝐩𝐞 2: Indirect emissions related to the energy consumed
3️⃣ 𝐒𝐜𝐨𝐩𝐞 3: All other indirect emissions (value chain)

Worldwide, the 762 listed companies involved in fossil fuel-related activities (coal, oil and gas) account for 60% of total direct corporate GHG emissions.

🇫🇷 In France, CAC 40 emissions remain colossal. In 2024, they reached 258 million tonnes (Mt) of CO2e (scope 1 and 2). About 90% of these emissions come from ArcelorMittal, TotalEnergies, Veolia, Engie and Air Liquide. For comparison, France’s territorial emissions were 369 MtCO2e in 2024.

“Even if, on a global scale, the energy efficiency and carbon intensity of the means of production are improving, the rapid growth in per capita consumption (…) more than offsets this progress in reducing emissions.”
Vincent Bouchet, Director of ESG & Climate Research, Scientific Climate Indices

 A full analysis can be found in Les Echos’ investigation: COP30: Where does the decarbonization of major French companies stand ten years after the Paris Agreement?

In collaboration with Les Echos and EDHEC Business School

Source:

• Scientific Climate Indices (an EDHEC Venture): Created by EDHEC in 2024, Scientific Climate Indices (an EDHEC Venture) provides investors with the technology to independently analyse and build equity portfolios. Information on companies emissions, decarbonisation targets, and revenues associated with climate solutions has been processed by Scientific Portfolio using data provided by ISS, Clarity, and Moody’s.
• Edgar: The Emissions Database for Global Atmospheric Research (Edgar) is an independent database on greenhouse gas emissions and air pollution from 1970 to the present day.