The latest Carbon Performance data for the world’s largest
paper companies are now available on the
TPI tool. This update covers 34
paper companies [1]. Together, these companies represent a combined market capitalisation of over $87 billion as of June 2026 [2].
According to the
International Energy Agency, paper and pulp production accounted for just under 2% of total industrial emissions. Achieving net-zero scenarios requires the paper sector to accelerate reductions beyond past rates to remain on track, as demand for paper and paperboard products is projected to rise by 2050. For a deeper dive into the emerging trends from the paper sector, please see Sections 3.3 and 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 (GHG) emissions, comparing them against sector-specific benchmarks to evaluate their alignment with the goals of the Paris Agreement.
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.
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