Make The Switch
To sustainability

There has been mounting pressure on businesses and governments worldwide to adopt more environmentally sound practices and policies. Investors, banks and consumers are becoming more vocal about the need to move the global economy away from fossil fuels— the main source of the greenhouse gases causing climate change.

In few places in the industrialized world has this move towards sustainability been more evident than in Europe. Here, governments have shown more willingness to pass laws that prioritize abating emissions and compel companies to adopt corporate agendas reflecting Environmental, Social and Governance (ESG) principles. But there are challenges. Europe remains significantly off track to meet its 1.5^oC target. Recent Oliver Wyman research with CDP Europe indicates that 84 percent of European companies have yet to set a 1.5^oC-aligned science-based target (SBT), and 77 percent have yet to set an SBT of any kind. The Russian invasion of Ukraine has also added urgency to the sustainability discussion, particularly in Europe. It has laid bare the dependence of large industrialized European economies on fossil fuel imports from Russia.

In this period of disruption, we developed The Green Transition Index (GTI) to help countries benchmark their progress in the journey towards sustainability and emissions reduction.