Bangkok-based PR agency Vero says there's no excuse for working for fossil fuel brands — even those pivoting to clean energy. "We're in a crisis. There is no time for a journey," says Vero CEO Brian Griffin.
Less than one-third of APAC companies reporting to carbon measurement non-profit CDP have committed to science-based targets. CDP's latest report also finds growth in climate disclosure slower in APAC than the global average.
Most believe that emissions have dropped since 2005 — when they have grown by 50 per cent, according to a survey conducted at the recently-concluded Asia Pacific Energy Week. The findings reveal "a major gap between perception and reality".
Unproven technologies such as carbon capture and ammonia re-firing are helping Japanese policymakers rebrand the fossil fuel as "clean". But they have limited carbon-cutting potential and undermine Japan's decarbonisation targets, a report from TransitionZero cautions.