Half of Australia’s biggest companies have net-zero emissions plans, but climate action may come too late

<https://theconversation.com/half-of-australias-biggest-companies-have-net-zero-emissions-plans-but-climate-action-may-come-too-late-195727>

"About half of Australia’s biggest listed companies have plans to reach
net-zero greenhouse gas emissions, our new analysis has found.

We assessed the climate change commitments of 187 companies out of 200 listed
on the Australian Stock Exchange – the ASX200. Together, these 187 companies
produce 32% of Australia’s operational emissions – that is, emissions produced
directly from a business’ operations or from the use of its energy products.

The net-zero plans represent a significant step for climate change action in
Australia.

Property developer Lendlease, for example, aims to achieve absolute zero carbon
by 2040. Fortescue Metals Group, meanwhile, plans to reach net-zero emissions
along its entire value chain by 2040.

But more must be done by Australian companies.

Importantly, the net-zero plans we identified typically don’t include all
emissions associated with a business’ operations, such as fossil fuel burned by
customers. And much of the action promised will come too late to avert
catastrophic global warming."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics