Top Posts
African climate change projects secure major funding
Former French PM urges China, Europe to unite...
NDDC, FOSDO launch tree-planting campaign to address climate...
WHO unveils an ambitious blueprint for action on...
New report shows nearly 900 million poor people...
Lagos to Host 2025 International Climate Change Summit
New study shows overheating world will add 57...
NAICOM urges W’African insurers to invest in climate...
Climate change: Nigeria, development partners launch Net Zero...
Nigeria launches net zero project to fight climate...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

CDP says less than one in 200 companies have credible climate plans

by Matthew Eloyi February 8, 2023
written by Matthew Eloyi February 8, 2023
573

In its most recent analysis of business submissions, the nonprofit platform CDP reported on Wednesday that fewer than one in 200 corporations that submit climate change-related data to a key environmental transparency platform have credible climate transition strategies.

The data highlights the size of the discrepancy between company commitments to achieve net-zero carbon emissions and the specific plans outlining how a company would adapt its whole business model to achieve those goals.

Only 81, or 0.4%, of the 18,600 enterprises that CDP received data from, submitted information regarding the 21 key metrics that CDP puts in a questionnaire and which it says represents a credible plan.

Read also: Al Jaber says energy sector must be involved in climate fight

The important indications for CDP range from financial planning to whether the board of directors of the corporation has oversight of a climate plan.

Amir Sokolowski, Global Director of Climate, at CDP said in a statement that “The need for companies to develop a credible climate transition plan is not an additional element but an essential part of any future planning.”

“Companies must evidence they are forward planning in order for us to avert the worst impacts of climate change and to send the correct signals to capital markets that they will remain profitable,” the statement added.

Story was adapted from Reuters.

CDPClimate plansCompanies
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Al Jaber says energy sector must be involved in climate fight
next post
German court rejects climate lawsuit against automaker BMW

Related Posts

Former French PM urges China, Europe to unite...

October 22, 2025

WHO unveils an ambitious blueprint for action on...

October 20, 2025

New report shows nearly 900 million poor people...

October 20, 2025

New study shows overheating world will add 57...

October 16, 2025

Heaviest monsoon in a decade kills 458 people...

October 9, 2025

Council releases first fully electric bin lorry

October 9, 2025

Study shows US asthma inhalers produce same emissions...

October 7, 2025

Pope Leo hits out at climate change critics

October 3, 2025

Protesters seek $5tr payment from fossil fuel companies

October 1, 2025

UN official says climate change displaces up to...

September 30, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World