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the world’s best-known tech giants are emitting more while presenting climate targets that cause a system error due to outdated accounting rules and the voracious appetite for energy of artificial intelligence (AI), according to the latest Corporate Climate Responsibility Monitor.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.
FIFA’s latest grand tournament, the month-long Club World Cup has kicked off in the USA. The expanded 32-team games flex the football industry’s money making power, while spotlighting its disregard for people and planet.
An event presented to EU policymakers as presenting stakeholders perspectives on carbon farming credits was instead an industry sales pitch for offsetting. CMW’s Marlène Ramón Hernández gives us the inside scoop The professional service multinational Deloitte recently organised a workshop for the European Commission, which was billed as offering perspectives on financing large-scale deployment of …
Read more “Corporate workshop plants the seeds for greenwashing”
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.
In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their indirect (scope 3) emissions are off track to reach their commitments. But carbon credits must not replace direct emissions reductions, NGOs warn.
Tech giant Amazon now sells carbon credits to its corporate customers. While this offers companies a low-cost way to appear to be taking climate action, it does nothing to cut their real-world emissions.
A revision of the Science Based Targets initiative’s CNZS v2.0 corporate net-zero standard reveals a welcome push towards greater accountability, despite some shortcomings.
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