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Nearly half of FTSE 100 companies have no net-zero target, Arabesque says

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Nearly half of the 100 biggest companies listed on Britain's FTSE Index have no net-zero target at all and just 23 have a scientifically approved plan, according to ESG investment research and asset manager Arabesque.

Britain wants to reduce greenhouse gas emissions from the economy to net-zero by 2050 while Prime Minister Boris Johnson has expressed enthusiasm for leading a green revolution to force Western economies to kick their addiction to fossil fuels.

The research found that 28 FTSE companies are on course to contribute to a global temperature rise of 2.7 degrees Celsius or above by 2050. Scientists believe such a rise would lead to a worst-case climate scenario.

 

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