Companies need to stop greenwashing and get serious with net-zero pledges
in Egypt, cuts through the hype and presents a clear set of criteria and standards for net-zero commitments by businesses, investors, and cities and regions. It draws a red line around greenwashing, establishing 10 recommendations that require not only long-term pledges but also short-term science-based targets, detailed transition plans, and credible and independent reporting and verification to ensure progress is being made.
This issue is particularly relevant to Canada where, unlike most other heavy industry sectors such as steel and cement, oil and gas company emissions are still rising – a trend that we can no longer afford if we want to avoid the worst impacts of climate change. This sector will make or break Canada’s climate commitments.
Last year, French President Emmanuel Macron and UN Special Envoy for Climate Ambition and Solutions, Michael Bloomberg, announced that they are establishing a new Net-Zero Data Public Utility, an open and free centralized repository of data on company emissions and climate plans. The pressure to get real is increasing markedly.
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