Climate commitments by companies aren’t always as green as they seem. A new report concludes major brands are exaggerating how ambitious their efforts to cut greenhouse gas emissions are — in effect misleading consumers, investors and governments.
The report published Monday by the Europe-based environmental think tanks NewClimate Institute and Carbon Market Watch examined 24 companies, including KitKat manufacturer Nestle, French retailer Carrefour and automaker Volkswagen. It found that only one company — shipping firm Maersk — had climate plans with “reasonable integrity” while the rest were assessed to be moderate to very low.
“For the majority of companies, we found their climate strategies to be lacking,” said Thomas Day, a researcher at the NewClimate Institute who co-authored the report.
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Green washing is wasting our time and making us complacent
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Dear Peter Kamau Thank you for getting your climate love to level 2! We have reached out to NewClimate Institute and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time
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People need the truth not PR. I wish there are legal actions to be taken against them.
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Companies using climate for PR should be sued
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💚 #Maersk March 1st 2022 suspended bookings to Russia...
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We must continue to push for more ambitious climate plans and ensure that companies are held to the highest standards.