The latest Carbon Performance data for the world’s largest
airline and
shipping companies are now available on the
TPI tool. This update covers 33 airlines and 30 international shipping companies
[1]. As of December 2025, these companies represent a combined market capitalisation of over US$491 billion
[2].
The
International Energy Agency (IEA) reports that in 2024, airlines and shipping sectors accounted for around 5% of global CO₂ emissions. According to the IEA’s World Energy Outlook 2025, both sectors have grown significantly over the past decade (30-35%) and are projected to continue expanding across all scenarios, including the Net Zero by 2050 (NZE) scenario. Their continued reliance on fossil-derived liquid fuels, while low-emission alternatives remain in the early stages of development, underscores the scale of the decarbonisation challenge facing these sectors. For a deeper dive into decarbonisation levers and their readiness, please see Section 4 of our
State of the Corporate Transition 2025 report.
The TPI Global Climate Transition Centre (TPI Centre) methodology assesses historical and projected greenhouse gas emissions, comparing companies against sector-specific benchmarks to evaluate their alignment with the goals of the Paris Agreement.
Explore the
results of relevant companies now on the
TPI tool.
Our methodology notes can be found here:
The TPI Centre is the academic partner of the Transition Pathway Initiative (TPI), a global investor-led initiative supported by over 155 asset owners and asset managers. Based at the London School of Economics and Political Science, it is an independent and authoritative source of research and data on the progress being made by corporate and sovereign entities in the transition to a low-carbon economy.
For any questions related to the Carbon Performance data or methodology, please email:
tpi.centre@lse.ac.uk.
[1] These assessments cover TPI companies outside the
Climate Action 100+ (CA100+) universe, allowing earlier publication of results. This ensures investors have up-to-date data well ahead of the typical Q3 publication of CA100+ company assessments.
[2] Market capitalisation coverage is calculated for the companies for which this sector represents their primary activity. The calculation can change due to fluctuating corporate valuations, the size of the company universe assessed, or due to company sectoral reclassifications.
