Net zero firms emit 0.5% less CO2, study finds

Companies with an externally validated net-zero target emit less CO2 than those without a climate target. This is the conclusion of a new analysis by the US financial services provider MSCI. +Get the most important news from Switzerland in your inbox. According to the study, companies with validated climate targets reduced their direct greenhouse gas emissions (Scope 1) by an average of 0.5% annually between 2018 and 2023. By comparison, companies without a climate target increased their emissions by 4.3 per cent per year. For companies with a net zero target without external verification, emissions increased by 0.2 per cent per year. The figures are based on an analysis by MSCI of the climate commitments of listed companies. Over 8,600 companies worldwide were taken into account. Adapted from German by DeepL/ds How we work We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the ...