Most corporate climate transition plans aren’t credible, study finds

The effects of climate change are intensifying but businesses globally are struggling to make transition plans that they can implement in the real world, according to a report released Wednesday by the London School of Economics and Political Science.

The study of corporate climate performance looks at disclosures from 2,000 publicly traded companies, which together represent three-quarters of publicly listed equities worldwide and $87 trillion of market capitalization. The authors find that only 2% have disclosed plans to shift capital away from…