Net Zero Stocktake 2022

The Net Zero Stocktake 2022 executive summary analyzes the status of net zero target setting across 4,000+ entities, including national governments, sub-national governments, and companies. While the report notes a surge in the quantity of targets and an increase in domestic legislation, it highlights a widespread lack of credibility and robustness in these pledges, particularly regarding the use of external offsets and the inclusion of Scope 3 emissions.

• National net zero targets integrated into domestic legislation or policy documents saw a significant increase from 10% of total greenhouse gas (GHG) coverage in December 2020 to 65% by June 2022.
• A significant lack of procedural robustness exists across government targets; fewer than 20% of net zero targets from national and sub-national governments meet the minimum procedural standards of robustness defined by the Race to Zero ‘starting line’ criteria.
• Corporate net zero target setting has increased, with over one-third of the world's largest publicly traded companies now having targets compared to one-fifth in December 2020. However, 65% of these corporate targets fail to meet minimum procedural standards of robustness, and only 38% of companies claim to cover all Scope 3 (value chain) emissions.
• There is a widespread lack of transparency regarding the use of external offset credits. More than 75% of national and sub-national governments do not specify if they will use them, and nearly 60% of companies have not specified whether they plan to rely on offsetting.
• Net zero target setting is heavily concentrated in the global North, specifically high-income countries in North America, Europe, and Asia. Among Forbes 2000-listed companies with net zero targets, the highest numbers are headquartered in the US (210), Japan (89), the UK (57), France (40), and Germany (33).

APA

NewClimate Institute (2022). Net Zero Stocktake 2022. http://www.newclimate.org/resources/publications/net-zero-stocktake-2022

Chicago

NewClimate Institute. Net Zero Stocktake 2022. 2022. http://www.newclimate.org/resources/publications/net-zero-stocktake-2022.

Wikipedia

{{cite report |author=NewClimate Institute |title=Net Zero Stocktake 2022 |date=13 June 2022 |url=http://www.newclimate.org/resources/publications/net-zero-stocktake-2022 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2022net, author = {{NewClimate Institute}}, title = {{Net Zero Stocktake 2022}}, institution = {NewClimate Institute}, year = {2022}, month = jun, url = {http://www.newclimate.org/resources/publications/net-zero-stocktake-2022}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }