New research suggests that tracking companies' influence on policies and conservation efforts could provide a more comprehensive view of their contributions to global net-zero goals.
Joseph Winters reports for Grist.
In short:
- Existing corporate climate targets are often unreliable, with many companies lacking formal net-zero goals.
- A new proposal suggests tracking companies' influence in areas like policy advocacy and conservation efforts.
- This approach could incentivize companies to take broader actions beyond reducing their own emissions.
Key quote:
"We have been leaving a huge amount of impact on the table by failing to encourage or invite companies to be rewarded and compared for their significant efforts beyond their value chain."
— Kaya Axelsson, research fellow at Oxford University
Why this matters:
Current climate reporting standards often miss the broader impact companies could have on global emissions. Encouraging companies to engage in systemic actions may lead to more meaningful progress toward net-zero goals.
Read more: Oil and gas firms hide climate impacts in investments
