Strong action as over half of FTSE100 companies commit to tackle climate change

Responding to the announcement that over half of FTSE100 companies are now committed to eliminating their contribution to climate change by 2050, Nick Molho, Executive Director at the Aldersgate Group, said: “The fact that 60% of the FTSE100 has signed up to the Race to Zero shows that businesses in multiple sectors of the economy are already well engaged in the transition to net zero emissions. This is also not just about large businesses – many SMEs are taking action as well. There is much that the business community can do to support the move to net zero, including setting ambitious targets, backing these up with credible delivery plans and crucially requiring their supply chains to drive down their own emissions. However, businesses need the support of stable and long-term policies to help them get to net zero and this will be particularly key in areas such as heavy industry and agriculture, where cutting emissions is particularly complex.”