Corporate Climate Responsibility Monitor 2022

The Corporate Climate Responsibility Monitor 2022 finds that most of the 25 major global companies assessed have net-zero pledges that lack integrity, with aggregate emissions targeted for reduction by only 40% at most. While 15 companies report interim targets for 2030, the average reduction commitment for full value chain emissions is only 23%. Scope 3 emissions average 87% of total emissions, yet only 8 companies provide moderate detail on addressing them. The report notes a heavy reliance on unbundled renewable energy certificates (RECs) and contentious offsetting plans, particularly nature-based solutions, while suggesting that 'climate contributions' without neutrality claims are an emerging alternative.

• The net-zero targets of the 25 assessed companies aim to reduce aggregate emissions by a maximum of 40%, rather than the 100% implied by the term 'net-zero'. Only three companies—Maersk, Vodafone, and Deutsche Telekom—commit to decarbonising over 90% of their full value chain emissions.
• Interim 2030 targets are insufficient to align with Paris Agreement goals, with the average emission reduction commitment for full value chain emissions between 2019 and 2030 being only 23%.
• Scope 3 emissions represent an average of 87% of the total emissions for the assessed companies, but only 8 of the 25 companies provide a moderate level of detail regarding plans to address these emissions.
• Renewable electricity procurement integrity is generally low, as most companies rely on unbundled renewable energy certificates (RECs). However, 6 of the 25 companies use higher quality power purchase agreements (PPAs) and own-generation for the majority of their electricity.
• Offsetting strategies are widespread and contentious; 19 of 25 companies intend to rely on offsetting, with at least two-thirds using nature-based solutions such as forestry, which the report deems unsuitable for individual offsetting claims due to the risk of reversal.

APA

NewClimate Institute (2022). Corporate Climate Responsibility Monitor 2022. http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2022

Chicago

NewClimate Institute. Corporate Climate Responsibility Monitor 2022. 2022. http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2022.

Wikipedia

{{cite report |author=NewClimate Institute |title=Corporate Climate Responsibility Monitor 2022 |date=7 February 2022 |url=http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2022 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2022corporate, author = {{NewClimate Institute}}, title = {{Corporate Climate Responsibility Monitor 2022}}, institution = {NewClimate Institute}, year = {2022}, month = feb, url = {http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2022}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }