Post by account_disabled on Feb 28, 2024 2:09:08 GMT -5
It appears that laundering net zero targets is a common practice, with a major new report recently calling into question the credibility of corporate zeroing targets.
This type of research is gaining more and more strength and is generally well received since, for anti-CO2 strategies to be of any use, it is essential that they are constantly examined and that any risk of greenwash is controlled .
Laundering in net zero objectives is worrying
According to BusinessGreen , the study titled Changsha Mobile Number List Corporate Climate Responsibility Monitor , prepared by the New Climate Institute and Carbon Market Watch, is especially harsh. It accuses many climate-minded multinationals of having “low integrity” zeroing targets, of systematically failing to cover emissions from their value chain, and of over-reliance on dubious carbon offsets.
Furthermore, the effectiveness of the Science Based Targets Initiative (SBTi), which has played a key role in the independent validation of many environmental targets of various corporations, is being questioned. For some that have invested literally billions of dollars, considerable political capital and operational breadth in their decarbonization plans, the criticism could have been very severe.
wash in net zero goals study
As Cecilia Keating reports in an article about the report's main allegations as well as the response from SBTi and others, there remains a consensus that assessments of zeroing targets are welcome and necessary.
But there is also a growing feeling of wanting to label all strategies as greenwash , just because they are not exhaustive and do not offer immediate deep decarbonization, which can become an unfair and potentially counterproductive tactic.
As We Mean Business ' Maria Mendiluce noted , we're all on a "very steep learning curve... companies would love to have very clear guidance, but we're building and improving it as we go."
A critical monitor
The methodology used by the Monitor, which will be updated periodically, raises three main problems with current corporate climate measures, claiming that they typically do not adequately cover value chain emissions, are overly reliant on carbon offsets, and may establish lines of questionable basis that facilitate compliance with the figures.
These concerns are valid and widely shared in some sectors, but what critics of corporate environmental action miss is that efforts are being made to improve pathways to net zero.
New report accuses laundering in net zero objectives
For example, the SBTi has a new Net Zero Standard that requires organizations to set ambitious near-term decarbonization targets and places strict limits on the use of offsets. More generally, monitoring and managing value chain emissions is complex, with risks of double counting, raising important questions about sovereignty and who should be responsible for each ton of CO2.
Blind spots
Although companies must take action to address emissions from their value chain, there is a mistake in implying that a climate strategy is a void of integrity if it lacks an immediate plan to fully decarbonize a global supply chain.
This dispute stems from a long-running debate over the validity and effectiveness of zero emissions targets, in which scrutiny of net zero targets is to be welcomed. There is no doubt that there are bad faith actors in all industries who want to play with reduction goals to continue depending on fossil fuels and polluting business models.
wash in targets zero net blind spots
While it is a priority to identify and denounce those who do so, it is also crucial not to confuse them with the protagonists who are truly striving to achieve an unprecedented economic and technological transition and who, understandably, are discovering that it is an enormously difficult task that will involve some steps. falsely
Net-zero emissions strategies have not yet met their targets, but it would be strange if they did so so early in the transition. Billions of dollars are now being invested to try to bolster the credibility of these plans. As Mendiluce states, organizations and activists would do well to ensure that the perfect does not become the energy of the good.
This type of research is gaining more and more strength and is generally well received since, for anti-CO2 strategies to be of any use, it is essential that they are constantly examined and that any risk of greenwash is controlled .
Laundering in net zero objectives is worrying
According to BusinessGreen , the study titled Changsha Mobile Number List Corporate Climate Responsibility Monitor , prepared by the New Climate Institute and Carbon Market Watch, is especially harsh. It accuses many climate-minded multinationals of having “low integrity” zeroing targets, of systematically failing to cover emissions from their value chain, and of over-reliance on dubious carbon offsets.
Furthermore, the effectiveness of the Science Based Targets Initiative (SBTi), which has played a key role in the independent validation of many environmental targets of various corporations, is being questioned. For some that have invested literally billions of dollars, considerable political capital and operational breadth in their decarbonization plans, the criticism could have been very severe.
wash in net zero goals study
As Cecilia Keating reports in an article about the report's main allegations as well as the response from SBTi and others, there remains a consensus that assessments of zeroing targets are welcome and necessary.
But there is also a growing feeling of wanting to label all strategies as greenwash , just because they are not exhaustive and do not offer immediate deep decarbonization, which can become an unfair and potentially counterproductive tactic.
As We Mean Business ' Maria Mendiluce noted , we're all on a "very steep learning curve... companies would love to have very clear guidance, but we're building and improving it as we go."
A critical monitor
The methodology used by the Monitor, which will be updated periodically, raises three main problems with current corporate climate measures, claiming that they typically do not adequately cover value chain emissions, are overly reliant on carbon offsets, and may establish lines of questionable basis that facilitate compliance with the figures.
These concerns are valid and widely shared in some sectors, but what critics of corporate environmental action miss is that efforts are being made to improve pathways to net zero.
New report accuses laundering in net zero objectives
For example, the SBTi has a new Net Zero Standard that requires organizations to set ambitious near-term decarbonization targets and places strict limits on the use of offsets. More generally, monitoring and managing value chain emissions is complex, with risks of double counting, raising important questions about sovereignty and who should be responsible for each ton of CO2.
Blind spots
Although companies must take action to address emissions from their value chain, there is a mistake in implying that a climate strategy is a void of integrity if it lacks an immediate plan to fully decarbonize a global supply chain.
This dispute stems from a long-running debate over the validity and effectiveness of zero emissions targets, in which scrutiny of net zero targets is to be welcomed. There is no doubt that there are bad faith actors in all industries who want to play with reduction goals to continue depending on fossil fuels and polluting business models.
wash in targets zero net blind spots
While it is a priority to identify and denounce those who do so, it is also crucial not to confuse them with the protagonists who are truly striving to achieve an unprecedented economic and technological transition and who, understandably, are discovering that it is an enormously difficult task that will involve some steps. falsely
Net-zero emissions strategies have not yet met their targets, but it would be strange if they did so so early in the transition. Billions of dollars are now being invested to try to bolster the credibility of these plans. As Mendiluce states, organizations and activists would do well to ensure that the perfect does not become the energy of the good.