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Corporate climate commitments are improving, but the worst offenders are doing the least

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Corporate climate commitments are improving, but the worst offenders are doing the least - CNBC

Quick Summary:

The number of corporations pledging to emit net zero emissions by 2050 will more than double from this year to next year, from 102 to 238.

While net zero targets generally have a year as the finish line, they don't commit to a particular degree reduction of global warming.

Companies with verified targets by the Science Based Targets Initiative (SBTi) to meet a 2-degree scenario will double between 2022 and 2023, from 25 to 45.


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Article Details

Category: Economy

Topics: Technology Environment Articles ESG and Green Business Climate Retail Climate Policy Utilities Pollution Retail industry Cnbc Oil and Gas Source:tagname:CNBC US Source

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 18:56:29

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 3 minutes read

Article Length: 504 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 476149

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About CNBC

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 18 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #5

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