Finance
Net-Zero Pledges Won’t Work Just From the Top-Down
Companies need to integrate such a major shift throughout their managerial ranks.
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Company after company has announced plans to cut their greenhouse gas emissions to net-zero by 2050. Occidental Petroleum Corp., Toronto-Dominion Bank, Eskom Holdings SOC Ltd. and Equinor ASA are among those that have made such a pledge in just the past month.
The problem is that, pledge or not, most companies won’t reach that target unless there is total commitment from all levels of management, not just the top.