A growing number of companies are pledging to cut their greenhouse gas emissions to “net zero” as part of global efforts to tackle climate change, but that goal is rarely supported by a credible plan, according to a report published Monday.
“You can see cities talking about net zero, companies talking about net zero. And if you go to supermarkets, you see climate-neutral or carbon-neutral products,” Takeshi Kuramochi, one of the report’s authors, said. “But then you don’t know what exactly they mean and whether they’re really contributing to this transition to global net-zero emissions.”
Less than 5 per cent of the companies examined passed the test, said Kuramochi, a senior climate policy researcher at the Germany-based NewClimate Institute. “Evidence of misleading or outright greenwashing climate claims provided by independent research will only increase in the future,” Kuramochi said. “I expect to see a lot more litigation cases in the coming years.”
The report was compiled by experts at the Energy and Climate Intelligence Unit of the University of North Carolina’s Data-Driven EnviroLab, the NewClimate Institute and Oxford Net Zero.
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