Despite UK’s tough legislation on carbon, nearly half of the FTSE 100 do not have carbon reduction targets or they’re mostly short-term.
The study, provided by the Carbon Trust, has found forty of the FTSE 100 either lack numerical targets on carbon emissions, or their carbon reduction targets are for previous years and have now expired, without being renewed. The carbon reduction targets set by FTSE 100 companies are mostly short-term, with goals for 2011 and 2013. Only one-fifth relate to carbon reduction goals in 2018 or later.
This contrasts strongly with the UK's legislation on carbon emissions, under which the government has set some of the world's most rigorous carbon reduction targets, stretching to the 2020s and beyond, in an attempt to become a global leader in the low-carbon economy.