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July 5, 2023

Most companies not spending enough to reach net zero, says Fidelity

Coal mining
Mining coal. Fidelity’s analysts say they are less confident than last year over the number of companies that will achieve net zero by 2030 (Photo: David Gray/Bloomberg)

Achieving net zero by 2030 appears unrealistic for the majority of businesses, according to a survey of Fidelity International’s analysts.

Fewer than 60 per cent of companies are on the right trajectory to slash their carbon emissions to net zero by 2050, says Fidelity International, while only a quarter of businesses will achieve net zero by 2030.

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