🌍 Many large companies talk about fighting climate change, but actions speak louder than words—and progress is too slow.
The Net Zero Tracker, provides an overview of the progress in setting net-zero targets across the entire economy, tracking the performance of over 4,000 entities.
The latest Net Zero Tracker shows that while 60% of major companies have “net-zero” targets, only 5% have credible strategies, according to UN criteria. Worse, the Transition Pathway Initiative found fewer than 10% provide full carbon reporting across all scopes (1, 2, and 3).
Key concerns:
🌡️ Only 30% of high-emission companies have long-term emission targets aligned with the Paris Agreement
📉 While this is up from 7% in 2020, it’s still far from what’s needed
🏠Less than 10% of companies offer comprehensive carbon reporting across all scopes
🤔 Why does this matter? BCG reported that 25% of leading companies see cost savings, waste reduction, and greater efficiency from decarbonization efforts.
⚠️ The climate emergency is accelerating.
It’s time to turn words into action!
Oxford Net Zero,Energy and Climate Intelligence Unit, Data-Driven EnviroLab, and the NewClimate Institute
Check out the full report here: https://zerotracker.net/analysis/net-zero-stocktake-2024