Regular quarterly data update for August 2025

Update Type: Quarterly Update

Next update (November): Annual update (all records for 2024 will be re-stated with new Machine Learning models, with more accurate estimates)

Highlights:

• Significant 2024 data update from recently collected financials + reported emissions data across the public equities universe.
• Significant increase in Private Equities universe coverage.

S&P 500 Public Equities

High level change analysis on 2024 data.

S&P500 Companies updates:

• Old total companies with data: 447
• New total companies with data: 479
• New records created (new financials data): 32
• Updated records (new reported emissions data): 178
• Unchanged records: 269
• Closed records: 0

S&P500 impact analysis

Based on a popular 500 company index, Old, New

S1 Emissions mean 2024, 2,975,398 tCO₂, 2,865,074 tCO₂  
S2 Emissions mean 2024, 362,054 tCO₂, 413,531 tCO₂  
S3 Emissions mean 2024, 45,174,312 tCO₂, 38,751,610 tCO₂  
Mean S1 PCAF 2024, 3.06, 2.65  
Mean S2 PCAF 2024, 3.13, 2.69  
Mean S3 PCAF 2024, 3.32, 3.00  
NGFS Below 2 Deg Reductions 2024, 21.19%, 20.25%  
NGFS Below 2 Deg Reductions 2030, 25.45%, 24.41%  
NGFS Below 2 Deg Reductions 2050, 41.19%, 40.06%  
NGFS Below 2 Deg PCL 2024, 7.44%, 6.39%  
NGFS Below 2 Deg PCL 2030, 12.17%, 10.79%  
NGFS Below 2 Deg PCL 2050, 33.18%, 30.98%

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