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“Critical” Net Zero Gaps Remain Despite US Company Progress

Shareholder activist group As You Sow’s second annual ‘Road to Zero Emissions Report’ has found that while 100 of the largest US public companies are “making progress” towards net zero emissions there are “critical” gaps left to fill. The report found that more firms are making climate disclosures and targets, with 66% of the companies improving their overall grade compared to last year’s report. However, it also notes that critical gaps remain, with emissions continuing to increase. As You Sow noted that many firms still lack Scope 3 emissions disclosure and actions that demonstrate progress in achieving the necessary emissions reductions for 1.5°C alignment. Only six of the 100 companies received an overall grade of A or A-, including Apple, Alphabet, and Nike, while just a further eight received a grade of B- or above. Danielle Fugere, President of As You Sow, said: “This report highlights some good news – company progress on GHG emissions reporting and adoption of net zero GHG emission reduction goals. More importantly, however, it underscores the continued lack of progress by companies in actually reducing their emissions. In fact, many companies reported emissions are going in the wrong direction.” 

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