Report: Companies’ climate targets not what they claim to be

By FRANK JORDANS
Associated Press

BERLIN (AP) — A new report says climate commitments by companies aren’t always as green as they seem. The report published Monday concludes that major brands are exaggerating how ambitious their efforts to cut greenhouse gas emissions are, essentially misleading consumers, investors and governments. Europe-based environmental think tanks NewClimate Institute and Carbon Market Watch examined 24 companies, including KitKat manufacturer Nestle, French retailer Carrefour and automaker Volkswagen. It found that only one company — shipping firm Maersk — had climate plans with “reasonable integrity” while the rest were assessed to be moderate to very low.