Companies are stepping up to establish science-aligned net zero commitments. Yet it is increasingly clear that to fully meet the moment of the climate crisis, companies must look beyond their ‘four walls’ to ensure that they are maximizing contributions to our ultimate goal: global net zero.
Sponsored: Any credible corporate net-zero target requires a focus on the decarbonization of supply chains – with collaboration a key driver of change.
Scope 3 emissions represent the largest and hardest to address segment of most corporate carbon footprints. Complex global value chains, inconsistent measurement, and a lack of transparent disclosure pose immense challenges for companies looking to develop a clear understanding of their full climate impact – a necessity for delivering on science-aligned net zero commitments.
Companies are looking to translate climate commitments and net zero targets into actionable transition plans, but the state of these plans varies widely. Many organizations are lacking critical information while simultaneously navigating a wide range of evolving standards.
Many companies are making net zero pledges, but few have developed comprehensive implementation plans, and even fewer have made meaningful progress on delivering results.
More than a third of the world's largest companies now have net-zero targets, up from one-fifth in December 2020, according to the latest edition of the Net Zero Tracker