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Net-zero commitments exploded last year, with the number of companies making them doubling. Race to Zero, part of the U.N. Framework Convention on Climate Change, estimated that net-zero commitments covered about 68 percent of the global economy in 2021, compared to just 16 percent in 2019, a more than fourfold increase.
While there are still concerns over the nature of some net-zero commitments, to effectively address the climate crisis, carbon reduction targets need to go hand in hand with biodiversity goals, which are far less common in the corporate world. While there is no exact number for biodiversity pledges, it’s likely far, far lower.