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Among its pledges are a 40 percent reduction in its oil and gas output by the end of the decade.
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Man-made cellulosic fibers, the second biggest cellulosic fiber group after cotton, holds huge untapped potential to transform the fashion industry, according to Forum for the Future and the Textile Exchange.
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The new 2039 target builds on existing goals to reach carbon neutrality across its operations and halve its value chain emissions by the end of the decade.
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While some investors welcomed the latest net zero pledge from a leading oil giant, others believe the announcement was a 'clear attempt to stave off a shareholder rebellion at its AGM.'
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UBS analysis suggests the pandemic is set to curb air travel growth 10 percent over the next decade as high-speed rail flourishes.