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Net-Zero Plans of the Biggest Global Companies Do Not Add Up to Net Zero

A new report finds that the climate plans of 25 of the world’s most valuable companies are much weaker than they appear.

A dead giant sequoia tree after the Castle Fire in Sequoia National Forest, California.

A dead giant sequoia tree after the Castle Fire in Sequoia National Forest, California.

Photographer: David Swanson/Bloomberg

What do Unilever Plc, Alphabet Inc.’s Google and Amazon.com Inc. have in common? Their net-zero promises do not add up to net zero, a new report says.

It’s not just these three companies, either. The report, published by the New Climate Institute and Carbon Market Watch, finds that 25 of the world’s most valuable companies, which together accrued $3.2 trillion in revenues in 2020 and accounted for 5% of global greenhouse-gas emissions in 2019, have climate plans that are weaker than how they’ve been marketed so far.