After the COP26 climate summit in Glasgow last year, companies raced to tout their sustainability credentials. But the ensuing flurry of climate pledges opened companies up to allegations that their targets were unsubstantiated or misleading.
Companies are also aware that the integrity of frameworks used to measure sustainability is being called into question. The Science Based Targets initiative , which has become the arbiter of corporate climate action, has faced complaints about its governance and potential conflicts of interest. “We know that climate and sustainability goes hand in hand with profitability. However, if the overarching discourse in their country is contrary to that, they might not want to attract the ire of customers or beneficiaries,” said Seega.Article content
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