Corporations fall short on implementing green agendas: report
(EurActiv, 7 Nov 2023) Even though companies are increasingly committed to green programmes, only 1% have aligned their future spending with their decarbonisation objectives, according to a report published by the Transition Pathway Initiative (TPI) centre at the London School of Economics.
Corporations are increasingly committed to green agendas, but a new report on Tuesday reveals that only one in 20 of over a thousand publicly listed companies have a detailed strategy for how they will reach their greenhouse gas targets.
While 82% of companies in sectors ranging from food to oil and gas reported long-term emissions strategies, only half incorporated climate scenarios into their planning, according to the report published by the Transition Pathway Initiative (TPI) Centre at the London School of Economics.
And only 1% of the companies aligned their future spending with their goals to decarbonise.
“Our research is contributing to this shift in emphasis from setting targets to actually implementing them and the big takeaway is just how little of that is going on right now, even among these very large and sophisticated publicly listed companies,” TPI Research Director Simon Dietz told AFP.