Absolute scopes 1 and 2 greenhouse gas emissions did not reduce between 2016 and 2022, but for the majority of industry groups in the dataset, the intensity of scope 1 emissions declined. The utilities, materials, energy, and transportation industries still exhibit distinctly higher scope 1 emissions and emissions intensity than other industries and remain most exposed to climate transition risks. We also see that, over that period, scopes 1 and 2 emissions correlated positively with world real GDP. Although the relationship between greenhouse gas emissions and economic growth is complex, and depends on industry characteristics and individual business models, energy sources and technologies, the data suggests a continuing relatively high correlation between growth and emissions. Importantly, reduced emissions intensity does not necessarily translate into reduced absolute emissions, notably because increasing economic activity can offset emissions intensity improvements.