The Claims Code of Practice will help investors establish whether claims made by companies are credible. Read more at straitstimes.com.
LONDON - A standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits was launched on Wednesday by a global initiative seeking to bring transparency and confidence to an unregulated market.
Under the claims code, companies in all tiers need to make a public commitment to achieving science-based net-zero targets no later than 2050 and set interim targets on how this will be achieved. “There was so much use and misuse, if not abuse of terms like carbon neutral, climate neutral, net-zero, net-zero aligned, net-zero positive etc,” Mr Kenber said in an interview.
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