The Credibility Gap in Corporate Net-Zero Pledges.

Nearly half of the world's largest companies have pledged to achieve net zero emissions by mid-century, but only a few have credible plans to do so, according to a report by climate policy research groups. The report warned that without tangible action from firms, capping global warming at tolerable levels will likely remain out of reach. The majority of corporate commitments do not meet minimum requirements for what good net zero looks like, and most fossil fuel companies' targets are largely meaningless because they do not include downstream impacts. However, voluntary compliance schemes will give way to regulations and shifts in market-based incentives, the report predicted.