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The Climate Bonds Initiative (CBI) establishes a methodology to track Sustainability Linked Bonds (SLBs) that support decarbonization. To be included, instruments must be certifiable debt, self-labeled as SLBs or similar, and provide sufficient disclosure of Sustainability Performance Targets (SPTs). CBI assesses these targets against 1.5°C-aligned industry pathways, categorizing bonds as 'Fully-aligned', 'Strongly-aligned', or 'Aligning' based on their consistency with these paths and the presence of comprehensive transition plans. The methodology emphasizes the inclusion of material emissions (Scopes 1, 2, and 3) and utilizes both CBI-specific and third-party pathways (e.g., TPI, SBTi, CRREM) to evaluate various sectors including cement, steel, and aviation.

The briefing concludes that BP is not on track for the 1.5°C goal, as its projected emissions will exceed its allocated carbon budget by 2033. Despite pledges to reach Net Zero by 2050, the analysis finds that BP's short-to-medium term carbon intensity remains too high and its capital expenditure continues to favor fossil fuels over renewables.

The briefing concludes that ENI is not on track for the 1.5°C climate goal, as its cumulative greenhouse gas emissions are projected to exceed its allocated carbon budget by at least 13.6% by 2050. The analysis finds that ENI's short-to-medium term plans are incompatible with 1.5°C because the company continues to invest in oil and gas expansion, with production expected to grow until 2025. Furthermore, the report argues that ENI relies unsustainably on carbon offsets and Carbon Capture Use and Storage (CCUS) to meet its targets, while its capital expenditure remains heavily focused on fossil fuels despite claims of diversification.

The briefing concludes that Shell's strategy is not on track to meet the 1.5°C climate goal, predicting the company will exceed its allocated carbon budget by 2034. Despite a net-zero ambition for 2050, the analysis finds that Shell's short-term plans rely on unrealistic offsets and continued investment in oil and gas expansion. The report highlights that Shell remains a top global hydrocarbon developer, with approximately 90% of its 2022 CAPEX allocated to fossil fuels, which contradicts the deep emission cuts required for 1.5°C alignment.

The document argues that TotalEnergies is not on track for the 1.5°C climate goal, as its cumulative greenhouse gas emissions are projected to exceed the compatible carbon budget by at least 31.8% by 2050. It finds that the company's strategy remains driven by oil and gas expansion, with production levels expected to increase by 18.4% by 2030 compared to 2020. The analysis highlights an unsustainable reliance on carbon offsets and a CAPEX allocation that continues to favor fossil fuels over renewables.

The report identifies significant gaps between Zambia's national agricultural policies and the proposed global SDGs, noting that while national goals focus on production and exports, the SDGs emphasize human well-being and systemic sustainability. It highlights that current Zambian interventions, such as the Farmer Input Support Programme (FISP), reinforce a reliance on maize and fail to address structural barriers like poor market access and climate vulnerability.

The analysis finds that most energy supply investments by the World Bank, IFC, and ADB are either aligned with or could be aligned with 2°C pathways under specific conditions. Electricity transmission and distribution (T&D) represent the largest share of financing for the World Bank and ADB, accounting for approximately half of the volume of financing and 40 percent of projects. While renewables projects outnumbered natural gas power generation projects in both number and finance volume, the report warns that natural gas must act as a true 'bridge' by displacing coal rather than adding to it. The study identified 21 oil and gas production projects as 'controversial' due to high emissions and lock-in risk. Misaligned projects often cited strong development rationales, but the authors argue that the urgency of climate change requires transformational rather than incremental improvements. The report recommends that MDBs improve disclosure of indirect financing, shift toward newer technologies like battery storage, and ensure fossil fuel production support is reviewed against G7 commitments to phase out inefficient subsidies by 2025.