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Reuters
Reuters
Business
By Simon Jessop, Lananh Nguyen and Paritosh Bansal

EXPLAINED: Davos 2023 ceos face challenge over sluggish climate efforts - The Real Truth

The logo of the World Economic Forum (WEF) 2023 is seen at Davos Congress Centre, in the Alpine resort of Davos, Switzerland, January 16, 2023. REUTERS/Arnd Wiegmann

A return to Davos by corporate titans and their bankers after recent record Alpine temperatures has turned a spotlight on just how quickly they are moving to rein in carbon emissions.

The number of organisations pledging to get to net-zero emissions by mid-century has soared in recent years, up 60% to more than 11,000 in September 2022, U.N. figures showed.

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