Only 5% of Britain's top firms have issued net zero plans that would be credible under government guidelines, a study shows.
Consultancy EY revealed the key finding after examining net-zero ambitions of companies listed on London's benchmark FTSE 100 index. "While over 80% of UK listed firms say they are committed to becoming net zero by 2050, the majority - 95% - have not yet publicly disclosed detailed, actionable transition plans," EY said in the study.
The Transition Plan Taskforce framework aims to provide guidance to bring plans in line with the UK's net zero target.
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