© 2025 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document.Transition Finance TrackerApril 2025A quarterly report on financing the shift to a low-carbon economy▻▻▻▻▻▻SectionsEmissions →Emissions →Targets →Targets →Foreword →Foreword →Charts index →Charts index →Key terms →Key terms →Disclosure →Disclosure →Transition →Transition →Financial flows →Financial flows →Physical risk nature →Physical risk & nature →Acknowledgements →Acknowledgements →Report sections:Report information:Key findings →Key findings →▻▻▻▻▻▻ForewordMuch has changed since we began tracking progress by the world’s listed companies to curb climate risk four years ago.Our tracking has changed accordingly. What started as a tracker of corporate progress based on projected emissions of listed companies to 2050 has expanded over time to track disclosures and the ambition of corporate climate targets, while covering multiple facets of transition finance, including investment flows and unlisted companies. This edition of the report, which we have renamed a “Transition Finance Tracker” to reflect the increased breadth of its focus, leverages an array of datasets that illuminate progress to curb climate risk in the economy. Besides projecting future climate impact of listed and unlisted companies, we provide multiple views on progress such as clean-tech revenues, innovation, and sector emissions intensities. We report on the flow of investment into assets to advance the energy transition, as well as the use of market mechanisms such as carbon trading to finance the transition and conserve nature. Finally, we also delve into climate-related physical hazards, which are quickly becoming a promi...
