Net Zero Pledges Soar

Sep 8, 2021

We are seeing a growing momentum, people.

This week, the AFR reported that more and more companies are outlining plans and commitments to Net Zero Emissons. In fact, Australia is on track to hit a record level.

Let’s look at the numbers – throughout the entirety of 2020, 38 companies listed on the S&P/ASX 300 pledged to Net Zero Emissons. So far this year, 34 companies have pledged (according to Macquarie Group data), and with four months left of 2021, it’s looking like the pace is building to surpass that.

The rise in pledges comes off the back of a ground-breaking report from the United Nations body – Intergovernmental Panel on Climate Change – which found temperatures could exceed the 1.5 degree increase above pre-industrialised levels within a decade, the article states.

Construction materials company Boral has outlined goals to meet Net Zero Emissons targets, while JB Hi-Fi has committed to Net Zero Emissons by 2030, petrol station group Ampol’s net zero operational emissions by 2040 and oil and gas company Santos’ Net Zero Emissons by 2040.

These national giants join the likes of Blackmores Group, SunRice, IKEA and Discovery Parks who have worked with our team at 2XE in developing personalised roadmaps towards Net Zero Emissions targets.

It’s great to see the corporate giants getting in making commitments to better our world.

Has your business looked into Net Zero Emissons? At 2XE, our staff can work with you to ensure we get the best outcomes that are better for your business and for the environment.

Read the AFR article here: www.afr.com/markets/equity-markets/net-zero-pledges-soar-after-earnings-season-boost-20210906-p58pag