"Yes, corporate pledges with specific actions and reporting on which they can be held accountable are useful in creating real change,"a professor at NYU Stern School of Business and the Director of the NYU Stern Center for Sustainable Business, tells CNBC Make It. "The elements of this pledge, such as a broad target of net zero by 2040, reporting, carbon elimination and carbon offsets, are critical to the transformation we need.
To this, Amazon says "carbon offsets" are only one component of the Pledge. "Offsets or nature-based solutions play a necessary, complementary and critical role alongside the decarbonization of business operations," the company says. And while "," The Climate Pledge encourages signatories to do so: "We believe setting a science-based target is a best practice.
Uniformity would make the Pledge more meaningful, too. "They would have even greater impact if they used uniform measuring and reporting methods so that we know we're comparing apples to apples in looking at different companies' results," Gerrard says. Indeed, The Climate Pledge does leave reporting format to the discretion of the signatory. "Signatories should report publicly, in a cadence that they determine, and follow reporting best practices to achieve accountability to their stakeholders,"
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