CMI Annual Report 2022

Finally, research sought to understand what it means when
companies claim to be ‘Paris-aligned.’ This means that the
pathways chosen by various companies must limit carbon
budgets to levels consistent with an average global
temperature rise of no more than 1.5 °C (Rekker et al., 2022). To
this end, the researchers developed a methodology to provide a
more robust assessment of the alignment of corporations’
current portfolios and announced plans with an example
pathway (IEA B2DS) generally consistent with the Paris
Agreement (Rekker et al., 2022). It was found that nine of ten of
Australia’s largest power generators and all ten of the largest
listed global cement producers were not on a trajectory
consistent with the Paris goals.
References
Uden, S., R. H. Socolow, and C. Greig, 2022. Bridging capital
discipline with energy scenarios. Energy and Environmental
Science 8:3114-3118. (https://doi.org/10.1039/D2EE01244H).
Greig, C., D. Keto, S. Hobart, B. Finch, and R. Winkler, 2023.
Speeding up risk capital allocation to deliver net-zero
ambitions. Joule 7(2):239-243. (https://doi.org/10.1016/j.
joule.2023.01.003).
Rekker, S., M. Ives, B. Wade, L. Webb, and C. Greig, 2022.
Measuring corporate Paris compliance using a strict sciencebased
approach. Nature Communications 13:4441 (https://doi.
org/10.1038/s41467-022-31143-4).
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Carbon Mitigation Initiative Twenty-second Year Report 2022