Report: Net-zero targets from corporates becoming more genuine
An analysis of the climate commitments of 401 companies has found that the uptake of genuine net-zero targets - those regarded as ambitious and not greenwashing - has more than doubled in the past year.
While progress accelerated this year, the TPI is warning that high emitting companies are still, by and large, jeopardising Paris Agreement progress
The analysis was undertaken by the Transition Pathway Initiative (TPI) – a coalition of more than 100 asset managers and owners – with results published in the organisations latest annual ‘State of Transition’ report.
It covers 401 large businesses in the energy, transport, consumer goods and industrials and materials sectors, collectively representing 16% of the global market, assessing the state of their climate commitments and progress to date.
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