Just 4% of top companies meet UN climate target guidelines: Study

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

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 (Nov 6) showed.

Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies in Niederaussem, Germany, Mar 3, 2016.

However, just 4 per cent of the targets meet the criteria laid down by the UN's Race to Zero campaign, for example by covering all emissions, starting to cut them immediately, and including an annual progress update on interim and longer-term targets. The pace of change among governments and corporates is set to form a central part of the COP28 climate talks in Dubai starting in late November.

"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?"

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines