World's top private firms fail to commit to net-zero emissions: report

A power station in Gelsenkirchen, Germany. A report published this Monday has found only 40 of the world's 100 largest private firms have set net-zero carbon emissions targets to fight climate change. ASSOCIATED PRESS - Martin Meissner

Only 40 of the world's 100 largest private firms have set net-zero carbon emissions targets to fight climate change, lagging far behind public companies. This is according to a report by the Net Zero Tracker group released on Monday.

For the world to meet the 2015 Paris Agreement to limit global warming 1.5C, all companies need to reduce their planet-heating emissions, according to the report.