New Economy Forum
Corporate Bosses Called Out for Making Hollow Climate Pledges
- SBTi says only 20% of firms in G20 countries have committed
- Pressure is mounting to act ahead of historic talks in Glasgow
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The vast majority of companies in the world’s major economies are failing to make climate pledges that can be measured against meaningful yardsticks, according to the Science Based Targets initiative.
The upshot of the group’s research is that, despite reams of corporate announcements professing to value sustainability, most business leaders aren’t walking the talk. Only a fifth of the more than 4,200 companies based in Group of 20 economies have signed up to science-based reporting, according to an SBTi report on Tuesday.