LONDON - Half of the world's 2,000 biggest listed companies have set a target to get to net-zero emissions by mid-century, but just a fraction meet tough United Nations guidelines for what constitutes a quality pledge, a report on Monday showed.
Of those to set a target, just 37% had one that covered their Scope 3 emissions, or those tied to a company's value chain. Just 13% had a quality threshold for the use of carbon offsets. "With credible net zero target-setting a proxy for forward-thinking, future-proofing companies, it begs a simple question: are the firms we’re investing in, working for and buying from on the right or wrong side of the line?"
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