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ESG Activists Are Seen Targeting Firms on Net-Zero Emissions Claims

  • Litigation against companies to increase: Jefferies analysts
  • Decision in case against Shell’s emissions to set precedent

Companies making misleading statements about their progress toward net-zero emissions are set to become targets of climate activists and face potential lawsuits, according to analysts at Jefferies.

While most climate cases so far have been brought against governments, legal action against corporations is increasing, analysts including Luke Sussams wrote in a note Wednesday. They see such climate litigation as being “financially material” to investors.