A quarter of the 1,200 companies in 12 countries surveyed said they would not publicize their science-based net-zero emissions targets, a road map for reducing emissions in line with the goals of the Paris agreement, said climate consultancy and carbon offsets developer South Pole.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
“There is a high degree of scrutiny now around anything to do with professing your sustainability,” said Michael Wilkins, head of Imperial College London’s Centre for Climate Finance and Investment. “Together with the ESG backlash, I think it is scaring a lot of companies.” In the U.S., the state of Texas in 2021 passed a law that attacked ESG investing for damaging the fossil fuel industry on which it relies economically, and this year accused BlackRock and nine other financial groups of boycotting oil and gas.
Green hushing, by contrast, makes targets harder to scrutinize and could deter businesses from setting more ambitious goals, said Bethan Halls, sustainability adviser at South Pole.
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