News

Feb 09, 2024

The Climate Pledges of Top Global Companies Fall Short of Net Zero

A new analysis of 24 large corporations found net zero plans would only result in a 36% reduction in planet-warming emissions. Many large companies rely on vague net zero claims that don’t stand up to

A new analysis of 24 large corporations found net zero plans would only result in a 36% reduction in planet-warming emissions.

Many large companies rely on vague net zero claims that don’t stand up to scrutiny, a new report by Carbon Market Watch and NewClimate Institute has found.

Net zero pledges made by some of the world’s largest corporations will reduce their greenhouse gas emissions by just 36%, according to a new report, far short of the progress required to avert a catastrophic increase in global temperatures.

Galvanized by pressure from investors and growing consumer awareness of extreme weather, companies are coming out almost daily with new promises to curb their impact on the climate and the natural world. But regulations governing sustainability and sustainability claims remain underdeveloped and vary vastly from place to place, making it difficult to separate genuine progress from PR-laden hype.