Indian Companies Lack Clear Net Zero Plans Despite Big Promises: IEEFA Report

• A new IEEFA report reveals a significant gap between Indian corporates' Net Zero promises and concrete action plans.
• Most companies announce emission reduction targets but fail to detail how these will be achieved, lacking quantified, time-bound actions.
• Only 7 out of 33 companies analyzed linked emission targets to specific actions; just 11 conducted climate scenario analysis.
• Weak governance, scattered disclosures, and a lack of financial quantification for climate risks hinder effective transition planning.
• Experts recommend companies link emission targets to capital expenditure, operational changes, and financing, while SEBI should integrate clearer transition planning expectations into BRSR.

Why It Matters: Indian companies' Net Zero pledges often lack clear, actionable plans, hindering climate goals and investor confidence.