In 2024 we introduced a new Implied Temperature Rise (ITR) target.
This measure takes carbon emission targets and translates them into an implied temperature rise equivalent.
Our target figures are based on end goals of negligible above 2°C by 2030 and 100% below 1.5°C by 2035. These dates are ahead of net zero goal dates as companies need to align their business plans to net zero comprehensively, and then deliver on those plans.
Further information on the ITR methodology can be found here.
| Implied Temperature Rise | Current Portfolio |
| Below 1.5 degrees | 30.2% |
| 1.5-2 degrees | 34.6% |
| Above 2 degrees | 35.3% |
| Average ITR | 2.01°C |
| Target 1 | Percentage of portfolio with an implied temperature rise of below 1.5 degrees will be at least 60% by 2026 | ON TRACK |
| Target 2 | Percentage of portfolio with an implied temperature rise of above 2 degrees will be below 15% by 2026 | ON TRACK |
