Today, the COVID-19 pandemic has propelled Net Zero and climate action to the top of the corporate agenda, as companies and countries recognize their vulnerability to global events and make efforts to build resilience across value chains. Net Zero is synonymous with real and ambitious action on climate change – the ultimate goal for a greener future.
However, a South Pole report based on a survey of over 120 sustainability leaders from key sectors - including industry, consumer goods and services, property and construction, and finance - finds that only about half of companies and organizations who have set Net Zero targets, have also set concrete milestones to get there. Are leaders talking the talk, but not walking the walk? Is this setting them up for accusations of greenwashing?
This South Pole report looks at the gap between ambition - in the form of Net Zero and Science-based targets - and concrete climate action.