A report from EcoAct shows that just 19% of the FTSE 100 have long-term emissions reduction targets to meet net-zero goals.

The report entitled, “The Climate Reporting Performance of the FTSE 100, Euro STOXX 50 and DOW 30”, finds that just 19% of the FTSE 100 have long-term emissions reduction targets to meet net-zero goals. Only 3% have a long-term emissions reduction target aligned with limiting global warming to 1.5°C with most having no provision for sequestration.

The report notes two thirds of FTSE 100 companies are now committed to net zero (increasing from 45% in 2020 to 66% this year). This compares against the Euro STOXX 50 and DOW 30 where 64% and 63% of businesses have committed to net zero, respectively. Yet less than a fifth of businesses across all indices have long-term reduction targets to achieve this commitment, and only 2% have strategies in place that will achieve emissions reductions in line with 1.5°C.