Climate Action 100+: Nine out of 10 corporates exclude indirect emissions from climate goals

New campaign calls for better accountability from companies

Net zero pledges may have snowballed across the private sector over the past year, but the world's most polluting companies need to significantly strenghten their decarbonisation efforts to deliver the emissions reductions required to meet global climate goals.

That is the top line conclusion of a major report published this morning by the investor-backed Climate Action 100+ group, which reveals that while nearly half the world's most carbon-intensive companies have now pledged to deliver net zero emissions by 2050 at the latest, the majority of firms choose to exclude a major portion of their greenhouse gas emissions from their carbon calculations. The update reveals that while 43% of firms surveyed have some form of net zero pledge in place, just one in 10 companies include the most material emissions produced by their supply chains and the e...