Amazon and Tesla fail, Pepsi and MS pass Paris emissions goal

Major US corporates including Amazon, Chevron, ExxonMobil and Tesla are failing to live up to the Paris Agreement goals, whilst both Microsoft and PepsiCo proved their commitment to the planet.

Shareholder advocacy organisation As You Sow has released Road to Zero Emissions: 55 Companies Ranked on Net Zero Progress, a report ranking companies on their progress in aligning emissions reductions with the 1.5C Paris goal.

The report finds a significant number of companies are making progress in measuring and disclosing greenhouse gas (GHG) emissions, and many are setting GHG reduction targets, but the vast majority are not making progress in aligning year-on-year emissions reductions.

Of the 55 companies ranked, only three companies — Microsoft, PepsiCo, and Ecolab — received an overall A grade, and only two companies, Alphabet and Apple, received an overall B grade.

“Approximately 84 per cent of the assessed companies received total scores of D or F, underscoring that we have a long way to go toward net-zero progress,” said David Shugar, As You Sow’s Say on Climate initiative manager and lead report analyst.

The report also finds 64 per cent of assessed companies are not yet reporting the full range of their Scope 3 supply chain and product-related emissions.

While 12 of the assessed companies have set net-zero goals across all scopes of emissions, none commits to avoiding the use of carbon offsets to achieve those goals. As a result, no assessed company received an A grade for the category GHG reduction targets.

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