Twenty-five of the world’s biggest companies with “net zero” targets plan to cut absolute emissions by only 40 per cent on average, according to a new report that highlights the complexity surrounding voluntary corporate emissions targets.
Unilever, Nestlé, BMW, Eon and Accenture are among multinationals listed as having “low integrity” climate targets in the analysis released on Sunday by European NGOs the NewClimate Institute and Carbon Market Watch.
Of the 25 companies evaluated in the Corporate Climate Responsibility Monitor report — which represent 5 per cent of all greenhouse gas emissions globally and have combined annual revenue of $3.2tn — half were found to have no absolute emissions-reduction goal for their “net zero” target year.
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