The world is experiencing an unprecedented climate crisis. To stabilise global temperatures, and prevent the situation getting even worse, emissions must reach net zero as soon as possible.
This means phasing out the mining and burning of fossil fuels and switching to 100% renewable electricity by 2030.
The Hero to Zero report finds that while momentum with corporate 100% renewable electricity targets is building, most of the highest-emitting companies in the ASX200 with a net-zero target are yet to outline firm plans to get off coal and switch to renewable energy. Many propose to rely on carbon offsets.
But carbon offsetting is riddled with problems and in many cases is no more than corporate greenwash.
