Corporate Climate Responsibility Monitor 2024

The 2024 Corporate Climate Responsibility Monitor finds that while the ambition of 51 major global companies has improved, their 2030 targets—with a median absolute emission reduction of 30% for full value chain emissions—remain insufficient to limit warming to 1.5°C. The report highlights a reliance on 'false solutions' like CCUS and carbon removals over actual emission reductions, and criticizes the leniency of validation practices by the Science Based Targets initiative (SBTi). It argues that the current voluntary accountability system is impaired by corporate influence and must transition to formal accountability.

• The 2030 climate targets of the 51 analyzed companies are insufficient to meet the 1.5°C goal, with a median absolute emission reduction commitment of only 30% of full value chain emissions from 2019 to 2030.
• There is a concerning trend toward introducing flexibility mechanisms for scope 3 targets, which the report suggests could nullify existing commitments and represent a backsliding of ambition.
• The report identifies a lack of integrity in corporate accountability, noting that the Science Based Targets initiative (SBTi) exhibits leniency in validation and that many companies prioritize 'false solutions'—such as CCUS, standalone RECs, bioenergy, and carbon dioxide removals—over direct emission reductions.

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} }