Disney reveals ‘eternals’ emissions misstatement

illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:

🗞️ Driving the news: Disney admitted to a significant error in reporting the emissions for its 2021 Marvel movie Eternals, initially claiming over 2.6 million tons of carbon dioxide equivalent (tCO2e) emissions
• The actual emissions were 2,629.1 tCO2e, a fraction of the original figure

🔭 The context: The mistake, revealed due to UK disclosure regulations, is the latest in a series of Disney’s misstatements, including errors in reporting emissions from its cruise line
• These reporting issues highlight the complexity of sustainability legislation, especially in sectors like film production

🌍 Why it matters for the planet: Accurate emission reporting is crucial as businesses face increasing scrutiny over their environmental impact, with misstatements potentially undermining progress towards climate goals

⏭️ What's next: Disney has not yet corrected the mistake in its filings, and the case underscores the growing importance of clear and accurate sustainability reporting as companies face stricter environmental regulations

💬 One quote: "This is indeed an error in our reporting... the actual emissions were 2,629.1 tonnes CO2e," said a Disney spokesperson

📈 One stat: Disney's initial misstatement claimed emissions over three times higher than the entire transport network of London, which produced 831,624 tCO2e

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