Corporate Climate Responsibility Monitor 2022

The Corporate Climate Responsibility Monitor 2022, published by the NewClimate Institute and Carbon Market Watch, evaluates the climate strategies of 25 major global companies. The report finds that most corporate net-zero pledges lack integrity, with aggregate emissions reductions often limited to 40% rather than 100%, and a heavy reliance on contentious offsetting practices and low-quality renewable energy certificates.

• The 25 multinational companies assessed have a total self-reported GHG emission footprint for 2019 of approximately 2.7 GtCO2e, which represents about 5% of global GHG emissions.
• Most net-zero pledges among the assessed companies are ambiguous; while all 25 companies have such targets, only three (Maersk, Vodafone, and Deutsche Telekom) commit to decarbonising over 90% of their full value chain emissions. On average, the 13 companies providing specific details on their net-zero pledges commit to reducing full value chain emissions from 2019 by only 40%.
• Interim 2030 targets are insufficient to align with Paris Agreement goals, with an average emission reduction commitment for full value chain emissions between 2019 and 2030 of only 23%.
• Scope 3 emissions average 87% of total emissions for the assessed companies, yet only 8 of the 25 companies provided a moderate level of detail regarding plans to address them.
• Corporate renewable electricity procurement generally lacks integrity due to the prevalence of unbundled renewable energy certificates (RECs). However, 6 of the 25 companies source most of their electricity from own-generation or higher quality power purchase agreements (PPAs).
• Offsetting remains a primary but contentious strategy, with 19 of 25 companies relying on it. At least two-thirds of these companies use nature-based solutions, such as forestry, which the report deems unsuitable for individual offsetting claims because biological carbon storage can be reversed.

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} }