Throughout the previous yr, a quickly rising variety of household-name companies have introduced net-zero targets. Their pledges punctuated an immeasurably troublesome yr with hope; there’s a highly effective symbolism when main gamers in oil and gasoline, automotives, airways and different industries with a historically excessive carbon footprint decide to speedy decarbonisation.
These choices are critically essential steps, however we additionally recognise that rather more is required. Current PwC evaluation reveals that as of February 2021, solely about 8% of the world’s largest corporations represented by the International Fortune 500 have pledged to develop into internet zero. This sobering statistic leaves the overwhelming majority of corporations out of the local weather motion narrative and imperils our means to mitigate the worst results of the disaster. The disconnect between high-profile pronouncements and low participation charges is only one of a collection of gaps between our local weather hopes and on-the floor realities