New Delhi, April 13 -- The number of Indian companies setting climate commitments is rising but their progress is uneven and often lacking in depth. A report by proxy advisory firm Institutional Investor Advisory Services (IiAS) highlights that while target-setting is increasing, many companies fall short on execution, timelines and credibility. Mint explains why India Inc. lags in achieving meaningful green goals.

Of the top 500 listed companies in FY25, only 213 - about 43% - have disclosed net zero emission or carbon neutrality targets, according to IiAS's review. The majority still lacks formal climate goals.

Among Nifty 50 companies, 70% now have climate targets, up from 62% a year earlier. This reflects both companies added to the...