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Net-Zero Pledges Won’t Work From the Top-Down: Green Insight

Nov. 25, 2020, 11:00 AM

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Company after company has announced plans to cut their greenhouse gas emissions to net-zero by 2050. Occidental Petroleum Corp., Toronto-Dominion Bank, Eskom Holdings SOC Ltd. and Equinor ASA are among those that have made such a pledge in just the past month.

The problem is that, pledge or not, most companies won’t reach that target unless there is total commitment from all levels of management, not just the top.

Ninety-three of the 161 companies on the Climate Action 100+ list of the world’s most significant emitters have proclaimed ...