Major Australian businesses are failing to meet global standards for net zero targets, according to new research, and less than half of 10 prominent firms analysed were on track to meet their own climate goals.
The study, conducted by the University of Sydney's Institute for Sustainable Futures, also found none of the corporations surveyed planned to phase out fossil fuels, and only three had environmental goals that had been verified to meet a 1.5-degree global warming target.
