Corporate Climate Responsibility Monitor 2023

The Corporate Climate Responsibility Monitor 2023 evaluates the climate pledges and strategies of 24 major multinational companies, finding that the majority lack integrity and fall short of the ambition required to limit global warming to 1.5°C.

• The 24 multinational companies assessed in the report had a total self-reported GHG emission footprint of approximately 2.2 GtCO2e in 2019, which represents roughly 4% of global GHG emissions for that year.
• The integrity of climate strategies is generally low, with 15 of the 24 assessed companies found to have strategies of low or very low integrity. Most strategies are characterized by ambiguous commitments, emission scope exclusions, and offsetting plans that lack credibility.
• Corporate 2030 targets are insufficient to meet the 1.5°C temperature limit. For the 22 companies with 2030 targets, the median absolute emission reduction commitment is only 15% of full value chain emissions between 2019 and 2030, potentially rising to 21% in the most optimistic scenario. This is significantly lower than the required global GHG and CO2 emission cuts of 43% and 48% respectively for the same period.
• Only five of the 24 companies—H&M Group, Holcim, Stellantis, Maersk, and Thyssenkrupp—have net-zero pledges that commit to decarbonizing emissions by at least approximately 90% by their target years. The long-term targets of 17 companies are considered to be of poor integrity.
• Corporate strategies are lagging behind the transition from offsetting to a climate contribution approach. Only four of the 24 companies reported activities or donations that could be viewed as climate contributions without a neutralisation claim.

APA

NewClimate Institute (2023). Corporate Climate Responsibility Monitor 2023. http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2023

Chicago

NewClimate Institute. Corporate Climate Responsibility Monitor 2023. 2023. http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2023.

Wikipedia

{{cite report |author=NewClimate Institute |title=Corporate Climate Responsibility Monitor 2023 |date=13 February 2023 |url=http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2023 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2023corporate, author = {{NewClimate Institute}}, title = {{Corporate Climate Responsibility Monitor 2023}}, institution = {NewClimate Institute}, year = {2023}, month = feb, url = {http://www.newclimate.org/resources/publications/corporate-climate-responsibility-monitor-2023}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }