So far, voluntary action seems to have led only to a corporate world littered with false claims. The pressure is now on regulators to impart heavy sanctions on those who fall foul of greenwashing.
Now’s the time for you to get ahead and mitigate the risks you could face from tighter regulations on corporate greenwashing.
Big targets on paper do not equate to impact delivered in reality
Reaching net zero by 2050 is essential if we are to limit global warming to 1.5C and ward off climate breakdown. To get there, we need to see an unprecedented commitment of net zero targets from the world’s largest companies.
The good news here is that big targets have been set. In fact, net zero targets now cover 91% of global GDP and 65% of greenhouse gas emissions. All-in-all, this equates to around six times more than two to three years ago.
This is progress indeed.
However, major global analysis of more than 4,000 pledges by countries and companies around the world has recently uncovered something of significant concern:
Corporate climate targets which - compared to country-level targets - lack robustness, fail to meet minimum standards and, for two-thirds of corporations globally, are “alarmingly weak”.