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Major companies’ #NetZero climate pledges largely fail test. 🚨 Our Corporate Climate Responsibility Monitor, launched today w/ @CarbonMrktWatch, finds: Companies have an immense potential for #ClimateAction but pledges lack transparency + integrity. 🧵⤵️ bit.ly/NewClimate_CCR…
2/ Background: Companies are increasingly alert to the #climatcrisis, facing calls to take responsibility for their environmental impact. The companies assessed in the report are major multinationals contributing to roughly 5% of global #GHG emissions.
3/ The #CCRM1 shows: Climate pledges of these 25 corporations on average only commit to emissions reductions of 40%, not ❌ 100% as suggested by their #netzero and #carbonneutral pledges. Collectively, they commit to reducing only <20% of their 2.7 GtCO2e emission footprint. 
