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Finance / Corporate strategy

No clarity from top emitters on how they will reach net zero

Companies are pledging to reach net zero, but how they will manage this is far from clear, says a report from Climate Action 100+, a leading climate-focused investor group.

Leading companies are increasingly making ambitious climate commitments, but none are on track to meet the goals of the Paris Agreement, shows a report published in March 2021 by Climate Action 100+, a climate-focused investor group.

Steam and exhaust rise from a power plant in Oberhausen, Germany. (Photo by Lukas Schulze/Getty Images)

The group’s first Climate Action 100+ Net-Zero Company Benchmark uses a traffic-light system to reveal how 159 companies are performing on a variety of indicators and metrics related to reducing greenhouse gas emissions, improving governance and strengthening climate-related financial disclosures.

None of the companies – which include oil majors, retail giants and transport leaders – have fully disclosed how they will achieve their goals to become a net-zero business by 2050 or before. “All companies have more work ahead,” says the group .

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