Australian business talks big on climate, but who’s walking the talk?

At the business end of driving down emissions, who’s walking the talk?

Some Australian companies are at world’s best practice. Medibank, Macquarie, Commonwealth Bank, Cochlear and Brambles are just some of the companies that have emissions per dollar of revenue consistent with the IEA pathway to 1.5 degrees or lower. But, overall, only 24 per cent of Australia’s largest listed companies have emissions consistent with keeping global warming below 1.5 degrees. This compares with 61 per cent of major companies in Britain and 53 per cent in Europe. In other words, three-quarters of Australian companies currently emit at a rate that would lead to temperature increases above 1.5 degrees. And more than a third have emission consistent with a pathway to dangerous levels of warming above 3 degrees.

Source: Australian business talks big on climate, but who’s walking the talk?

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