r/environment – Companies Say They Care About the Climate. Their Actions Fall Short.

Last month, Laurence D. Fink , BlackRock’s chief executive, wrote that the coronavirus pandemic had “driven us to confront the global threat of climate change more forcefully,” and the company said it wants businesses it invests in to remove as much carbon dioxide from the environment as they emit by 2050 at the latest. “You can look at a company’s website and see their sustainability report and it will look great,” said Alberto Carrillo Pineda, a founder of Science Based Targets, a global initiative to assess corporate plans to reduce emissions. “To realize the necessary emission reductions, more ambitious targets urgently need to be set,” said Viola Lutz, deputy head of ISS ESG Climate Solutions, an arm of Institutional Shareholder Services.

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