Nearly half of FTSE 100 companies have no net-zero target, Arabesque says By Reuters – Investing.com

Nearly half of FTSE 100 companies have no net-zero target, Arabesque says By Reuters – Investing.com

LONDON (Reuters) - Nearly half of the 100 biggest companies listed on Index have no net-zero target at all and just 23 have a scientifically approved plan, according to ESG investment research and asset manager Arabesque.

Britain wants to reduce greenhouse gas emissions from the economy to net-zero by 2050 while Prime Minister Boris Johnson has expressed enthusiasm for leading a green revolution to force Western economies to kick their addiction to fossil fuels.

Arabesque research found that 45 companies on the FTSE-100 index had no net zero target. Just 23 companies had set net zero targets meeting the standards of the Science Based Targets Initiative (SBTi), which defines best practice in such targets.