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Report says companies’ climate targets not what they claim to be | BusinessMirror

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Report says companies’ climate targets not what they claim to be | BusinessMirror
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Climate commitments by companies aren’t always as green as they seem. A new report concludes major brands are exaggerating how ambitious their efforts to cut greenhouse gas emissions are—in effect misleading consumers, investors and governments.

BERLIN—

Actual emissions cuts resulting from the companies’ plans would amount to less than half those needed by 2030 to help meet the Paris climate accord’s goal of capping global warming at 1.5 degrees Celsius , it found in its second annual assessment. This was the case, for example, for Carrefour, which excludes 80 percent of its stores from the net zero target for 2040, according to the report. The company was among four corporations ranked as having climate plans with “very low integrity,” along with American Airlines, food processing company JBS and Samsung Electronics.

Volkswagen, whose targets were also assessed as having “low integrity,” said it was committed to meeting the goal of the Paris accord, noting that it plans to invest €52 billion in electric vehicles by 2026.

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