‘We need to raise our climate change action by up to 50%’1 min read . Updated: 06 Mar 2022, 10:57 PM IST
Kaka, senior partner, McKinsey and Co, said that 25-30% of global funds are ESG. or sustainability, funds, which means that genuinely clean companies can enjoy up to a 1-1.1% advantage on their weighted capital, which is very significant
Sharing his views at a special session, The Future of Sustainability, at the SAP presents Mint Sustainability Action Summit 2022, senior partner, McKinsey and Co., Noshir Kaka said: “On average, global temperatures have risen by 1.1 degrees. And we are adding another 0.2 degrees per decade. So, in less than two decades, if we don’t do anything substantial, we will cross the 1.5-degree threshold for climate change if we go with the predicted climate change impacts thereafter."
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