Most big UK firms and financial institutions will be forced to show how they intend to hit climate change targets, under proposed Treasury rules.
By 2023, they will have to set out detailed public plans for how they will move to a low-carbon future – in line with the UK’s 2050 net-zero target.
An expert panel will set the standards the plans need to meet to ensure they are not just spin.
Any commitments will not be mandatory. Green groups say this is not enough.
Net zero is when a business or a country achieves an overall balance between the amount of carbon it is emitting and the carbon that it’s removing from the atmosphere.
This article was originally posted at bbc.com