
Good morning.
It’s Climate Week in New York, which means the city has become a parking lot for gas-fueled limos ferrying executives and diplomats to an endless series of breakfasts, lunches, and dinners featuring earnest conversations about how to fix the climate.
There are also a lot of reports coming out, including one this morning from Climate Impact Partners, assessing business efforts to address the challenge. And it’s not good news. After an explosion of commitments to net zero in 2020 and 2021, business momentum stalled. According to the report, there were no new commitments made in the last year, stalling the percentage of Fortune Global 500 companies that have made significant climate commitments at 66%. Here’s what Sheri Hickok, CEO of Climate Impact Partners, told me in previewing the report: