Climate pledges of big firms 'critically insufficient': report
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A report by the nonprofit research groups NewClimate Institute and Carbon Market Watch found that many major international companies are failing to reduce their greenhouse gas emissions at the pace required to slow climate change. The report looked at the climate pledges of 51 multinational firms, including H&M Group, Nestle, and Toyota, and found that their efforts were 'critically insufficient' to limit global temperature rises to 1.5 degrees Celsius. These companies accounted for 16 percent of global emissions in 2022. The report also noted that some companies may be backsliding on their promises and using 'creative accounting' to offset their emissions. The fashion industry was singled out for being 'ambiguous' in how it would reach its targets, and the report called for stricter government regulation to hold companies accountable for their pollution.

#ClimateChange #GreenhouseGasEmissions #Sustainability #ParisClimateAgreement #CarbonCredits #FashionIndustry #GovernmentRegulation

https://www.legit.ng/business-economy/economy/1587083-climate-pledges-big-firms-critically-insufficient-report/