Amid soaring emissions, not one of the corporations evaluated in the latest Corporate Climate Responsibility Monitor received a clean bill of health for its climate strategy, though some isolated improvements occurred. This highlights the vital importance of governments stepping up to better regulate the climate action of the private sector.
With H&M Group at their helm, some of the world’s largest clothing companies are belatedly improving their ill-fitting climate strategies, but none have refashioned their business model along sustainable lines, according to the latest Corporate Climate Responsibility Monitor. Shein came bottom of the league due its failure to take any meaningful action.
Some of the world’s best-known tech giants are emitting more while presenting climate targets that cause a system error due to outdated accounting rules and the voracious appetite for energy of artificial intelligence (AI), according to the latest Corporate Climate Responsibility Monitor. Fixing this requires a major reboot of their climate strategies.
Despite some good initiatives, the climate strategies of top food and agriculture corporations are not cutting the mustard, according to a preview of the Corporate Climate Responsibility Monitor. Danone ranks highest among the assessed companies, while JBC and PepsiCo are bottom of the class.
Fresh evidence published by the Science Based Targets initiative (SBTi) confirms the unsuitability of carbon offsetting to meet emissions targets, echoing the findings of a new Carbon Market Watch study that casts doubt over the fairness of financial flows in the voluntary carbon market (VCM).
As the EUCityCalc project comes to an end with a training tour of Europe, we review this powerful tool that helps city councils to visualise sustainable low-carbon transition pathways.
At a time when global carbon emissions need to be almost halved by 2030, 51 major corporations’ climate commitments amount only to reducing their median carbon footprint by as little as 30%, reveals the 2024 Corporate Climate Responsibility Monitor. Tighter regulations from governments are needed to raise the bar, both for companies which are taking insufficient action, and those who are not doing anything at all.
Our latest FAQ has the answers to everything you always wanted to know about global carbon markets
BRUSSELS, 23 January 2024 – EUCityCalc has officially launched its free, open source online platform that allows local councils and other stakeholders to visualise and simulate low-carbon scenarios for their towns and cities, as well as to assess the trade-offs related to available choices. Although the European Green Deal and the European Union’s other climate …
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