Net Zero Stocktake 2022

The Net Zero Stocktake 2022 finds that while net zero target setting has expanded significantly—particularly among national governments and large companies—there is an 'alarming lack of credibility' across the landscape. Fewer than one-fifth of national and sub-national targets meet minimum procedural robustness standards, and 65% of corporate targets similarly fail these standards. The report highlights a widespread lack of transparency regarding the use of external offset credits and a deficiency in covering Scope 3 emissions among companies.

• National net zero targets have seen a significant increase in formalization, with those set in domestic legislation or policy documents rising from 10% of total greenhouse gas (GHG) coverage in December 2020 to 65% by June 2022.
• There is a critical lack of robustness in government targets; using the Race to Zero 'starting line' criteria, less than 20% of net zero targets from national and sub-national governments meet minimum procedural standards. Additionally, over 75% of these governments do not transparently state if they will use external offset credits.
• Corporate net zero adoption is increasing, 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 lack minimum procedural robustness, and only 38% of companies claim to include all Scope 3 value chain emissions.
• Net zero target setting is heavily concentrated in the global North, specifically high-income countries in Asia, Europe, and North America. 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).
• GHG-intensive industries show high rates of target setting; the Fossil Fuels industry has the second highest percentage of net zero targets (49%) among Forbes 2000 industries with more than ten companies, followed by the Materials (steel and cement) and Transportation Services (airlines and shipping) sectors.

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} }