World’s Biggest Companies Exaggerate Their Climate Actions: Report
A new study shows that the world’s largest corporations plan to reduce absolute carbon emissions by only 40% on average.
That’s far short of the 100% promised by their net-zero claims.
The analysis published Monday by NewClimate Institute and Carbon Market Watch, found that the climate pledges of most multinational firms cannot be taken at face value.
The study assessed the transparency of each firm’s climate pledges and gave it an “integrity” rating.
Companies were scored based on criteria including climate targets, the offsetting they planned to use and its reliability, as well as progress on reducing emissions and transparency.
Amazon, Google and Volkswagen were among those found to have low integrity on net-zero targets, while Unilever, Nestle and BMW Group had very low integrity.
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