When a company misses an earnings target, it usually faces some backlash: a drop in stock prices, negative headlines, and sometimes even CEO turnover. But when it misses a self-imposed climate goal, most often the response is…crickets.
Do those targets involve carbon credits and other greenwashing measures that allow them to evade climate goals and are essentially state-sanctioned fraud?
True. I’m still shocked. This should be taken more as low estimate of corporations than admiration of their accomplishments. You know those goals were set as low as they could be, with as many tricks as there could be, and still I expected something like maybe 20% to stick to them at best.
Wait, over 60% met them or faced consequences?
Edit: “Almost 61% achieved their targets” holy fuck. Corporations did something good they said they would, over half the time.
Do those targets involve carbon credits and other greenwashing measures that allow them to evade climate goals and are essentially state-sanctioned fraud?
I don’t need to check, because I know they do.
True. I’m still shocked. This should be taken more as low estimate of corporations than admiration of their accomplishments. You know those goals were set as low as they could be, with as many tricks as there could be, and still I expected something like maybe 20% to stick to them at best.
Yeah, that’s certainly one way you could phrase it, but given who the droppers were, this result pretty much checks out.