This is according to new research from Morningstar Sustainalytics utilizing its Low Carbon Transition Ratings (LCTR), Physical Climate Risk Metrics (PCRM) and based on a portion of the global investment universe as identified by the Morningstar Global Markets Large-Mid Cap Index. The new study, by Morningstar Sustainalytics ESG Research Associate Director Martin Vezer, PhD, examined 3,373 companies listed within the Morningstar global equities benchmark, finding that 38%, 23% and 15% of these companies by index weight were significantly, highly or severely misaligned with future net zero goals. Global Equities Through the Lens of the Morningstar Sustainalytics Low Carbon Transition Ratings Martin Vezer, ESG Research Associate Director, Morningstar Sustainalytics, said: "Climate change is a material and growing risk among the myriad of concerns facing public companies today.