Many of the world’s largest companies are failing to take significant enough steps to meet their pledges to vastly reduce the impact of their greenhouse gas emissions in the decades ahead
Nestle responded that its emissions reduction targets do cover all its activities, that it's reducing greenhouse gas emissions 50% by 2030 and that its factories and offices are switching to renewable electricity.
Most of the companies studied, 15 of them, have outlined plans to reduce their “Scope 1” and “Scope 2” emissions, which are emissions released directly by the company or by its using electricity, the report said. But those companies didn't address their “Scope 3” emissions; these include emissions released by suppliers or customers that use their products. Scope 3 emissions account for, on average, 87% of all emissions for the 25 companies studied, the group said.
Walmart responded that it does have a goal to reduce or avoid one billion metric tons of Scope 3 emissions and that it reports its progress openly.
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