Climate commitments by companies aren’t always as green as they seem. A new report concludes major brands are exaggerating how ambitious their efforts to cut greenhouse gas emissions are — in effect misleading consumers, investors and governments.
The report published Monday by the Europe-based environmental think tanks NewClimate Institute and Carbon Market Watch examined 24 companies, including KitKat manufacturer Nestle, French retailer Carrefour and automaker Volkswagen. It found that only one company — shipping firm Maersk — had climate plans with “reasonable integrity” while the rest were assessed to be moderate to very low.
