Researchers propose new method to improve corporate climate accountability

New research suggests that tracking companies' influence on policies and conservation efforts could provide a more comprehensive view of their contributions to global net-zero goals.

Joseph Winters reports for Grist.


In short:

  • Existing corporate climate targets are often unreliable, with many companies lacking formal net-zero goals.
  • A new proposal suggests tracking companies' influence in areas like policy advocacy and conservation efforts.
  • This approach could incentivize companies to take broader actions beyond reducing their own emissions.

Key quote:

"We have been leaving a huge amount of impact on the table by failing to encourage or invite companies to be rewarded and compared for their significant efforts beyond their value chain."

— Kaya Axelsson, research fellow at Oxford University

Why this matters:

Current climate reporting standards often miss the broader impact companies could have on global emissions. Encouraging companies to engage in systemic actions may lead to more meaningful progress toward net-zero goals.

Read more: Oil and gas firms hide climate impacts in investments

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