Corporate Climate Responsibility Monitor 2023

The Corporate Climate Responsibility Monitor 2023 finds that the majority of climate strategies among 24 assessed multinational companies lack integrity, with 2030 targets falling significantly short of the reductions needed to limit warming to 1.5°C. While all 24 companies pledged net-zero or equivalent goals, only five commit to deep decarbonisation of at least 90%. Most strategies rely on ambiguous commitments and non-credible offsetting plans, with only four companies adopting a climate contribution approach without neutralisation claims.

• The climate strategies of 15 out of the 24 assessed companies are rated as having low or very low integrity, indicating that most do not serve as examples of good practice in climate leadership.
• Corporate emission reduction targets for 2030 are insufficient to meet the 1.5°C goal; the median absolute emission reduction commitment for the 22 companies with 2030 targets is only 15% of full value chain emissions from 2019 to 2030, compared to a required global GHG cut of 43%.
• Only five of the 24 companies—H&M Group, Holcim, Stellantis, Maersk, and Thyssenkrupp—have net-zero pledges that commit to deep decarbonisation of at least approximately 90% by their target years.
• Corporate strategies are lagging behind the transition from offsetting to climate contributions; only four of the 24 companies reported activities or donations that could be seen as climate contributions without making 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} }