‘Significant gap’ between Australian companies’ climate commitments and how they actually invest, analysts find

The report is the first ‘deep dive’ on whether companies ‘are actually backing their net zero commitments with real investment’, the Investor Group on Climate Change says. Photograph: David Gray/Reuters

Investment analysts have uncovered what they say is a “significant gap” between the climate commitments of major Australian companies and how they actually spend their money.

A report from climate consultancy group Pollination included analysis of the public climate disclosures of 12 major Australian companies, looking especially at their decisions on how and where to spend capital.