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Only Half of the World’s Largest Companies Aim for Net Zero Emissions, Report Finds

International news 2:06 p.m. 2023-11-06

Net Zero Tracker, a global greenhouse gas emissions tracking consortium that includes the University of Oxford A report released on Monday said that of the world’s 2,000 largest listed companies, only 50% aim to reduce their greenhouse gas emissions to net zero (Net Zero Emissions). By the middle of this decade And only a small number of companies have pledged to strictly follow UN guidelines for reducing greenhouse gas emissions.

Net Zero Tracker said 1,003 companies in the Forbes 2000 Index have set Net Zero Emissions targets for October 2023, up 40% from 702 in June. 2022, but of these companies, only 4% meet the standards set by the United Nations’ Race to Zero emissions target. It requires companies to address all greenhouse gas emissions. Start reducing greenhouse gas emissions immediately. and includes providing annual updates on progress towards goals. Both in the short term and in the long term

Among companies aiming for net-zero greenhouse gas emissions, only 37% have targets covering Scope 3 Emissions, which refers to emissions associated with their entire supply chain. In addition, only 13% have specific criteria for using carbon offsets.

As for how long governments and companies have taken to implement climate change, It is expected to be a key topic in the climate debate at COP 28, which will be held in Dubai. of the United Arab Emirates At the end of November this

“Clear differences regarding net-zero emissions targets have emerged. Yet many companies’ net-zero greenhouse gas emissions targets lack credibility. But now we can say that most of the world’s largest listed companies are on the right track to net zero emissions,” said John Lang, project lead for Net Zero Tracker.

“With companies setting reliable net-zero greenhouse gas emissions targets, These companies are looking ahead and preparing for the future. This leads to a simple question: Are the companies we are investing in, working with, or purchasing from being on the right side or the wrong side of their net-zero emissions targets?

In addition to tracking companies’ goals, Net Zero Tracker tracks net zero emissions pledges by countries, states, regions and cities using the tool’s data analysis. together with human analysis

In addition, in addition to the Oxford Net Zero project of the University of Oxford The Net Zero Tracker consortium also includes the Energy and Climate Intelligence Unit (ECIU), the data-driven Envirolab (UNC), and the New Climate Institute.

By InfoQuest News Agency (06 Nov. ’23)

Tags: Net Zero Tracker, greenhouse gases, Oxford University, Net Zero Tracker

#Research #shows #large #global #companies #committed #Net #goals #InfoQuest
2023-11-06 07:30:44

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