World's largest companies' climate pledges 'lack real substance'

One company with ‘reasonable integrity’

clock • 2 min read
Corporate Climate Responsibility Monitor conducted by NewClimate Institute in collaboration with Carbon Market Watch
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Corporate Climate Responsibility Monitor conducted by NewClimate Institute in collaboration with Carbon Market Watch

New analysis of climate pledges by 25 of the world’s largest companies has revealed that the majority cannot be taken “at face value” and “exaggerate their actions”, with many only committing to reduce their emissions by 40% on average, not the 100% they claim.

The findings of the Corporate Climate Responsibility Monitor, which was conducted by NewClimate Institute in collaboration with Carbon Market Watch, showed that of the 25 major companies evaluated, only one company's net-zero pledge was considered to have "reasonable integrity" - logistics company Maersk. Three companies' pledges - Apple, Sony and Vodafone - were evaluated by the monitor as having "moderate" integrity, while ten "low" and the remaining 12 rated as having "very low" integrity. The research concluded that many net zero and carbon neutral pledges made by large companies ...

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