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Open Translation

BERKELEY, CA: A survey of 55 of the largest US companies by non-profit shareholder advocate As You Sow has found 84 percent are not aligning their emissions with the Paris Agreement climate limit of +1.5 Celsius.

Only three companies — Microsoft, PepsiCo, and Ecolab — received an overall 'A' grade, and only two companies, Alphabet and Apple, rated an overall 'B'.

The rest scored a ‘D’ or ‘F’ according to David Shugar, As You Sow’s climate initiative manager and lead report analyst.

The survey rated companies on their actions on climate-related disclosures, GHG reduction targets and GHG reductions.

While 12 of the assessed companies have set net-zero goals For Scope 1, 2 and 3 emissions, As You Sow discovered none have committed to avoiding the use of carbon offsets to achieve them, and 64 percent are not even reporting their complete Scope 3 supply chain and product-related emissions.

In descending levels of climate commitment from an ‘A’ for Microsoft to an ‘F’ for every company from Exelon to Tesla, here are the 55:

• Microsoft Corporation
• PepsiCo
• Ecolab
• Alphabet
• Apple
• Prologis
• Abbott Laboratories
• Southern Company
• Air Products & Chemicals
• Johnson & Johnson
• Schlumberger Ltd
• The Coca-Cola Company
• Boeing Company
• Equinix
• AT&T
• Facebook
• General Motors Company
• PayPal Holdings
• United Parcel Service
• Verizon Communications
• Walmart
• Bank of America Corporation
• Pfizer
• Procter & Gamble Company
• American Tower Corporation
• ConocoPhillips Company
• Dow
• Lowe’s Companies
• The Walt Disney Company
• Exelon Corporation
• Amazon.com
• Charter Communications
• Chevron Corporation
• Comcast Cable Communications
• Crown Castle International
• Dominion Energy
• Duke Energy Corporation
• Eli Lilly and Company
• EOG Resources
• Exxon Mobil Corp
• Honeywell International
• JPMorgan Chase & Co
• NVIDIA Corporation
• Freeport-McMoRan
• NextEra Energy
• Public Storage
• Raytheon Technologies Corporation
• Sherwin-Williams Company
• Square
• The Home Depot
• UnitedHealth Group
• Union Pacific Railroad Company
• Visa
• Berkshire Hathaway
• Tesla

“Carbon offsets cannot substitute for on-the-ground reductions by companies,” declared As You Sow president David Shugar. “To achieve net-zero emissions, companies must take action at the level of their own operations and supply chains. Purchasing carbon offsets will not solve the climate crisis.”

As You Sow has been promoting environmental and social corporate responsibility and advancing values-aligned investing for three decades. Issues include climate change, ocean plastics, pesticides, racial justice, workplace diversity and executive compensation – where it has been identifying America’s most overpaid CEOs since 2015.
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