CDP: Only one third of companies developing climate transition plans

"Off track"

The Carbon Disclosure Project has warned that global companies are “off track” on net zero goals in a damning report that shows most businesses have no plans to transition at all.

According to CDP, out of over 13,000 global companies that disclose to the organisation, just one third are actually developing climate transition plans. Moreover, a "paltry" 1% of companies reported through the total 24 key indicators associated with a "credible" climate transition plan, CDP stated. These 24 elements needed for a credible transition to net zero include a strong level of oversight, "robust" scenario analysis, and time-bound actions to decarbonise the business. IPCC reaction: Capital and environment at risk if adaptation not addressed now In the transportation an...