Corporate Climate Responsibility Monitor 2024

The 2024 Corporate Climate Responsibility Monitor (CCRM) evaluates the climate strategies and pledges of 51 major global companies, finding that most fail to align with the 1.5°C warming limit and often rely on insufficient or questionable emission reduction mechanisms.

• The 2030 climate targets for the 51 analyzed companies show a median absolute emission reduction commitment of only 30% of full value chain emissions from 2019 to 2030, which falls short of the reductions needed to limit global warming to below 1.5°C.
• There is a trend toward introducing flexibility mechanisms for scope 3 emission reduction targets, which the report suggests could nullify current targets and represent a backsliding on existing commitments.
• The Science Based Targets initiative (SBTi) exhibits a significant degree of leniency in its validation practices for corporate climate pledges when compared to other assessors.
• Many companies undermine the credibility of their climate ambition by relying on 'false solutions' instead of actual emission reductions, including bioenergy, carbon dioxide removals, standalone Renewable Energy Certificates (RECs), and Carbon Capture, Utilisation and Storage (CCUS).

APA

NewClimate Institute (2024). Corporate Climate Responsibility Monitor 2024. http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2024

Chicago

NewClimate Institute. Corporate Climate Responsibility Monitor 2024. 2024. http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2024.

Wikipedia

{{cite report |author=NewClimate Institute |title=Corporate Climate Responsibility Monitor 2024 |date=9 April 2024 |url=http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2024 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2024corporate, author = {{NewClimate Institute}}, title = {{Corporate Climate Responsibility Monitor 2024}}, institution = {NewClimate Institute}, year = {2024}, month = apr, url = {http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2024}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }