Category: Civil society

The number of companies with credible Net Zero targets has doubled in the past year, according to the Transition Pathway Initiative - an asset-owner led climate project. While only 50 of the 292 companies tracked by the Initiative are on track to keep temperature rises below 2℃, the number of companies with a ‘credible’ Net Zero target has risen from 14 to 35.

Meanwhile, a report from the UN Environment Programme Finance Initiative and the EU’s Climate-KIC has said that regulators should define and enforce Net Zero targets. The study identifies several financial policies and regulations it claims would have a large impact on climate change, including adjusting capital requirements to account for climate risk and signing a non-proliferation treaty on fossil fuel and deforestation finance by central banks and regulated banking institutions.

Campaign group Justice for Myanmar has called on S&P to axe all companies with commercial links to th…