Large companies are failing in good practice climate leadership
The majority of large companies analysed in a new report are failing in good practice climate leadership, according to Carbon Market Watch. The 2023 Corporate Climate Responsibility Monitor found the climate strategies of 15 of the 24 largest companies to be of low or very low integrity and that most of the companies’ strategies do not represent examples of good practice climate leadership. Companies’ climate change commitments do not match what their pledges might suggest. Their combined emission reduction commitments are wholly insufficient to align with 1.5°C-compatible decarbonisation trajectories; targets...