Climate change is usually defined as a significant change in average weather patterns over several decades or longer. This is the long-term trend that distinguishes climate change from natural meteorological variability.
According to a study of 25 corporations, many of the world's biggest companies are failing to meet their targets in tackling climate change.
Companies' disapproval of said claims
The New Climate Institute says top companies are exaggerating or misreporting their progress. Also, these companies like Google, Amazon, Ikea, Apple, and Nestle are failing to change quickly enough to meet their green targets.
According to BBC News, some companies told that they disagree with some of the methods used in the report and are ready to take action to contain climate change.
Businesses account for 5% of global greenhouse gas emissions. This means that despite its enormous carbon footprint, it has tremendous potential to lead efforts to limit climate change and its alarming effects in the world.
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High-rise buildings are seen in Sudirman central business district in Jakarta on March 14, 2021
Study author Thomas Day was quoted as saying, "The rapid acceleration of corporate climate pledges, combined with the fragmentation of approaches, means that it is more difficult than ever to distinguish between real climate leadership and unsubstantiated." Day shared this during his interview in Radio New Zealand.
A statement has been made by Amazon saying that they set themselves ambitious goals because they know that climate change is a major problem and action is needed now more than ever.
Nestle also commented on those claims, citing that it lacks understanding of their progress, "We welcome scrutiny of our actions and commitments on climate change. However, the New Climate Institute's Corporate Climate Responsibility Monitor (CCRM) report lacks understanding of our approach and contains significant inaccuracies."
On the other hand, Google claimed that all of their data about climate commitments and annual environmental reports are transparent.
Monitoring corporate responsibility for the climate was conducted by the non-profit New Climate Institute and Carbon Market Watch.
They reviewed publicly stated corporate strategies to reduce greenhouse gas emissions to reach net zero.
Scientists say a net-zero degrees target the world must reach by 2050 to limit global temperature rise means no increase in greenhouse gases in the atmosphere.
Achieving this means balancing the remaining emissions by eliminating the same amount as reducing them as much as possible. As Per Radio New Zealand.
Companies' that committed to making a change
As per BBC News, Maersk, Vodafone, and Deutsche Telekom out of 25 companies are quite committed to removing 90% of the carbon emissions from their production and supply chains.
The way companies talk about their commitment to climate change is also a big issue, the study says. There is a big gap between what the company says and reality, and it will be difficult for consumers to tell the truth. Day says. As per Radio New Zealand.
Maersk, Apple, Sony, Vodafone, Amazon, Deutsche Telekom, Enel, GlaxoSmithKline, Google, Hitachi, Ikea, Vale, Volkswagen, Walmart, Accenture, BMW Group, Carrefour, CVS Health, Deutsche Post DHL, E.On SE, JBS, Nestle, Novartis, Saint-Gobain, Unilever are the list of companies that are being analyzed.
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