• Gustavo Bernal Torres

We Need To Talk About Net Zero Bullsh*t

From Responsible Investor, Pablo Berrutti questions the credibility of disclosures, CCS and scenario analysis in the race to Net Zero.

  • If our two-decade journey on climate change disclosure tells us anything, it is that understanding how much of the current excitement around Net Zero commitments is bullsh*t really matters. So, is Net Zero bullsh*t?

  • The good news is that the acceleration in some areas has been truly remarkable. It was only a few years ago that shareholder resolutions at company annual general meetings requesting rudimentary climate disclosure would receive scant support.

  • Exxon rejected all 62 shareholder resolutions on climate change from 1990 to 2015, and this continued despite almost 40% of shareholders supporting a 2016 climate change resolution, reaching 62% in 2017. It took another four years for a director to be removed at Exxon — 31 years after the first resolution — and these are the investors who will halve their emissions by 2030?

Source: https://www.responsible-investor.com/articles/we-need-to-talk-about-net-zero-bullsh-t

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