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Amazon, GSK, Unilever, Nestle and many others stretching the truth with net zero and other climate pledges

Climate pledges about cutting emissions and reducing carbon by of the world’s largest companies, including Amazon, GlaxoSmithKline PLC (LSE:GSK), Unilever PLC (LSE:ULVR) and Nestlé are not quite what they are made out to be, according to new analysis.

While the big 25 have promised to reduce emissions by 100%, as suggested by their “net zero” and “carbon neutral” claims, in reality the measures they have set out only commit to reduce their emissions by 40% on average, a report by the NewClimate Institute in collaboration with Carbon Market Watch has found.

Evaluating 25 major companies across different sectors and geographies, the Corporate Climate Responsibility Monitor conducted a detailed evaluation of climate pledges require and found the majority cannot be taken at face value.

Only one company’s net zero pledge – Maersk, the Danish shipping group – was evaluated as having “reasonable integrity”; with three companies having “moderate” integrity, Apple Inc (NASDAQ:AAPL), Sony Group Corp (NYSE:SONY) and Vodafone Group PLC (LSE:VOD).

Only Maersk, Vodafone and Deutsche Telekom “clearly commit” to deep decarbonisation of over 90% of their full value chain emissions.

A dozen companies had “low” integrity: Amazon.com Inc (NASDAQ:AMZN), Deutsche Telekom, Enel, GlaxoSmithKline, Alphabet Inc’s (NASDAQ:GOOG) Google, Hitachi, IKEA, Vale, Volkswagen and Walmart Inc (NYSE:WMT).

Ten companies had “very low” integrity: Unilever, Nestlé, Accenture (NYSE:ACN), BMW Group, Carrefour, CVS Health Corp, Deutsche Post DHL, E.ON, JBS, Novartis and Saint-Gobain.

The majority of the companies with net zero or carbon neutrality pledges have failed to put forward ambitious targets, with many pledges “undermined by contentious plans to reduce emissions elsewhere, hidden critical information and accounting tricks”, the report found.

Of the 25, there were 13 companies that have backed their net zero headline pledges, but these explicit emission reduction commitments only commit to reduce their full value chain emissions from 2019 by only 40%, with the other 12 companies setting out no specific emissions reduction commitments for their net zero target year.

Excluding emission sources or market segments was a “common issue”, which the report said “reduces the meaning of targets”, with eight companies excluding upstream or downstream emissions in their value chain.

Another issue that undermined integrity was carbon offsetting, with 24 of 25 companies seeming to rely on offsetting credits “of varying quality”.

Furthermore, some companies, such as Nestlé and Unilever, distance themselves from the practice of offsetting at the parent company level, but “allow and encourage” individual brands to pursue offsetting to sell carbon-neutral labelled products.

Some apparently ambitious targets may lead to very little short-term action, the report authors said, noting that GSK “may delay the implementation of key emission reduction measures until 2028/2029, ahead of its 2030 target”.

Thomas Day of NewClimate Institute, lead author of the study, said: “We set out to uncover as many replicable good practices as possible, but we were frankly surprised and disappointed at the overall integrity of the companies’ claims.

“As pressure on companies to act on climate change rises, their ambitious-sounding headline claims all too often lack real substance, which can mislead both consumers and the regulators that are core to guiding their strategic direction. Even companies that are doing relatively well exaggerate their actions.”

Gilles Dufrasne from Carbon Market Watch said: “Misleading advertisements by companies have real impacts on consumers and policymakers. We’re fooled into believing that these companies are taking sufficient action, when the reality is far from it. Without more regulation, this will continue. We need governments and regulatory bodies to step up and put an end to this greenwashing trend.”

Promising examples of climate leadership were also identified. Google is developing innovative tools to procure high quality renewable energy in real-time; this is being picked up by other companies. Maersk and Deutsche Post are making major investments in decarbonisation technologies for transport and logistics. There is still ample potential for companies to replicate and scale up these emerging best practices.

“Companies must face the reality of a changing planet. What seemed acceptable a decade ago is no longer enough,” said Dufrasne. “Setting vague targets will get us nowhere without real action, and can be worse than doing nothing if it misleads the public. Countries have shown that we need a fresh start when adopting the Paris Agreement, and companies need to reflect this in their own actions.”

ICE Head Shop Announce New Range of CBD Products Following Increased Customer Demand

Exeter, Feb. 14, 2022 (GLOBE NEWSWIRE) — ICE Head Shop, a leading distributor of trusted CBD products in the UK, have today announced a substantial expansion of their product line following an increase in customer demand.

The expansion of their online shop sees the distributor add new lines of juices, gummies, seeds, oils and more, combining some of the most well-known brands in the market with new, vetted and exciting products for customers to purchase online.

For over 10 years, ICE Head Shop have been at the forefront of the CBD boom, leading the way when it comes to advice and guidance, alongside testing and recommending products that meet the needs of their customer base.

Below, we outline the new range of CBD products added to the ICE Head online shop, following increased customer demand and further growth in their business:

New CBD Vape Juice

ICE Head Shop have introduced a new range of CBD vape juice which is influenced by some of the most popular purchases on their online shop. Consisting of a wide variety of flavours and strengths, including blueberry, tropical, strawberry, blood orange, lemon and many more, the new range is available to buy in bulk, in gift sets and as starter packs.

New CBD Oil

Already a leading stockiest of CBD Oil UK, ICE Head Shop have expanded their product line to include new oils and variations on popular classics. Available in bottles and tinctures, these oils can be consumed orally, vaped, or rubbed onto the skin, with the latter being a particularly popular choice for alleviating stress and pain through massages.

New Cannabis Seeds

If cannabis seeds are more your thing, an expansion of the seeds available to purchase online gives customers more choice than ever. Fan favourites, including Kush, Window X and Critical X and all now available to purchase, alongside new and exciting options for customers to explore and provide their feedback on.

New CBD Gummies

CBD gummies are a popular choice as their easy to consume, are edible, and can be purchased in packet or tub quantities. ICE Head Shop have worked with some of the leading and most popular brands in the current market to put together a product line that gives customers unrivaled choice when it comes to purchasing gummies and edibles.

How to explore the new range of CBD products from ICE Head Shop

ICE Head Shop have operated online for over a decade. In that time, they’ve become a leading and trusted CBD product distributor, providing insight, advice and expert guidance on this ever-growing and increasingly popular market.

You can explore the new range of CBD products, including vape juices, oils, cannabis seeds UK, gummies and edibles by visiting the ICE Head online shop. There’s lots of popular brands and new lines to browse, and plenty of special offers to help customers save money.

Their products are legal, do not contravene the 2016 NPS bill, and are safe to use. Further information on this, the new range of products and the ICE points scheme can be found via their website, within their FAQ’s section, or by contacting the team.