Net Zero Stocktake 2022

The Net Zero Stocktake 2022 finds that while net zero target setting is becoming nearly universal at the national level and increasing among corporations and cities, a significant lack of credibility and robustness persists. Fewer than one-fifth of national and sub-national targets meet minimum procedural standards, and 65% of corporate targets fail these same standards. The report highlights a widespread lack of transparency regarding the use of external offset credits and a deficiency in Scope 3 emissions coverage among companies.

• National net zero targets integrated into domestic legislation or policy documents increased from 10% of total greenhouse gas (GHG) coverage in December 2020 to 65% by June 2022.
• A majority of national and sub-national governments (over 75%) do not transparently state if they will use external offset credits, and fewer than 20% of these targets meet the minimum procedural robustness standards defined by the Race to Zero 'starting line' criteria.
• Corporate net zero target adoption among the world's largest publicly traded companies rose from 20% in December 2020 to over one-third by June 2022, yet 65% of these targets lack minimum procedural robustness.
• Corporate transparency regarding emissions and offsets is low: only 38% of companies cover all Scope 3 value chain emissions, and nearly 60% have not specified their position on using external offsets.
• Net zero targets are concentrated in the global North, specifically high-income countries in North America, Europe, and Asia. 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).
• 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 and Transportation Services sectors.

APA

Net Zero Tracker (2022). Net Zero Stocktake 2022. https://zerotracker.net/analysis/net-zero-stocktake-2022

Chicago

Net Zero Tracker. Net Zero Stocktake 2022. 2022. https://zerotracker.net/analysis/net-zero-stocktake-2022.

Wikipedia

{{cite report |author=Net Zero Tracker |title=Net Zero Stocktake 2022 |date=13 June 2022 |url=https://zerotracker.net/analysis/net-zero-stocktake-2022 |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{netzerotracker2022net, author = {{Net Zero Tracker}}, title = {{Net Zero Stocktake 2022}}, institution = {Net Zero Tracker}, year = {2022}, month = jun, url = {https://zerotracker.net/analysis/net-zero-stocktake-2022}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }