Most Surveyed Companies Receive Bad Grades In New Greenhouse Gas Reduction Report

On Thursday, Shareholder advocacy organization As You Sow released Road to Zero Emissions: 55 Companies Ranked on Net Zero Progress, which ranked companies on their progress in aligning their emissions reductions with the 1.5-degree Paris Agreement goal.

“Approximately 84% of the assessed companies received total scores of ‘D’ or ‘F’’, underscoring that we have a long way to go toward net-zero progress,” said David Shugar, As You Sow’s climate initiative manager and lead report analyst. Read More →

Environmental HealthAs You SowMarch 3, 2022homepage, David Shugar, net zero, emissions reductions

A large number of big corporations just flunked an assessment of their net-zero progress

Then there’s the issue of carbon offsets. Science Based Targets, as well as Climate Action 100+, an investor-led initiative to make sure the world’s largest corporate greenhouse gas emitters are taking necessary climate action, both advise that offsets should be avoided or at least limited. “What [they both] say is that carbon offsets should not be used until it’s absolutely necessary and because it’s infeasible to do anything else, so the focus has to be on companies actually reducing their own emissions and their own value chain emissions,” says Danielle Fugere, president and chief counsel at As You Sow. Read More →

Environmental HealthAs You SowMarch 3, 2022homepage, Danielle Fugere, net zero, emissions reductions

Microsoft and Pepsi top list that scores greenhouse gas-emissions progress. Tesla and others are ‘failing’

Too many still rely on buying permission to pollute through carbon offsets rather than changing how they source energy, says sustainable-investing advocate As You Sow. The nonprofit on Thursday issued its periodic report, “Road to Zero Emissions: 55 Companies Ranked on Net Zero Progress“.

“The next few years are critical in achieving emissions reductions and setting a less catastrophic path for the global climate,” said Danielle Fugere, president of As You Sow. “To address the current gap between goals and action, As You Sow’s scorecard weights near-term, year-over-year greenhouse-gas emissions reductions as the largest scorecard component.

Investor-owned utilities lack executive compensation incentives aimed at emissions reductions, report says

An effective incentive needs to be something measurable, and it needs to be tied to something the recipient of the incentive can actually control, according to Rosanna Landis Weaver, executive compensation program manager for As You Sow. With respect to utility decarbonization, she said she also looks for incentives that reward actions beyond business as usual. Otherwise, Weaver said, the incentive only serves to inflate CEO compensation without producing meaningful change. Read More →

EnergyAs You SowOctober 19, 2020Emma Penrod, energy, climate, CEO Pay, ceo pay, emissions reductions, homepage