Researchers propose new method to improve corporate climate accountability

Researchers propose new method to improve corporate climate accountability

New research suggests that tracking companies' influence on policies and conservation efforts could provide a more comprehensive view of their contributions to global net-zero goals.

Joseph Winters reports for Grist.


In short:

  • Existing corporate climate targets are often unreliable, with many companies lacking formal net-zero goals.
  • A new proposal suggests tracking companies' influence in areas like policy advocacy and conservation efforts.
  • This approach could incentivize companies to take broader actions beyond reducing their own emissions.

Key quote:

"We have been leaving a huge amount of impact on the table by failing to encourage or invite companies to be rewarded and compared for their significant efforts beyond their value chain."

— Kaya Axelsson, research fellow at Oxford University

Why this matters:

Current climate reporting standards often miss the broader impact companies could have on global emissions. Encouraging companies to engage in systemic actions may lead to more meaningful progress toward net-zero goals.

Read more: Oil and gas firms hide climate impacts in investments

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