Full Title: Accelerating Global Companies Toward Net Zero by 2050
Author(s): Jean-Marc Ollagnier, Peter Lacy, and Mauricio Bermúdez Neubauer
Publication Date: November 2, 2022
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Sustainability commitments are getting stronger globally. Amid the economic, political and environmental disruption of 2022, more companies than ever before have publicly committed to reaching net zero carbon emissions by around 2050. But this heightened ambition isn’t yet matched by the necessary action.
Net zero targets are proliferating. More than a third (34%) of the world’s largest companies have a public net zero target—up 7 percentage points since December 2021. Setting targets works. Companies with net zero targets cut emissions faster than those without. And those with more sophisticated measures cut even faster. The Ukraine war has galvanized action—not dampened ambition. Investments, commitments and spending around sustainability are all up on last year. However, unless companies accelerate decarbonization, 93% of companies will miss their net zero targets. Developing carbon intelligence can help.