Leading companies are increasingly making ambitious climate commitments, but none are on track to meet the goals of the Paris Agreement, shows a report published in March 2021 by Climate Action 100+, a climate-focused investor group.

Steam and exhaust rise from a power plant in Oberhausen, Germany. (Photo by Lukas Schulze/Getty Images)

The group’s first Climate Action 100+ Net-Zero Company Benchmark uses a traffic-light system to reveal how 159 companies are performing on a variety of indicators and metrics related to reducing greenhouse gas emissions, improving governance and strengthening climate-related financial disclosures.

None of the companies – which include oil majors, retail giants and transport leaders – have fully disclosed how they will achieve their goals to become a net-zero business by 2050 or before. “All companies have more work ahead,” says the group .

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By GlobalData