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Power Forward 4.0
Power Forward 4.0 finds that 60% of Fortune 500 companies have set at least one climate or energy target, a 12-percentage-point increase since 2017. While GHG reduction targets are most common (54%) and Science-Based Targets (SBTs) have increased sixfold, only 20% of the Fortune 500 have set or committed to an SBT. The report highlights a rise in net-zero commitments (17%) and 100% renewable energy targets (58 companies), though it notes significant gaps in the financial, fossil fuel, and retail sectors. Despite progress, the report argues that voluntary action is insufficient and calls for federal and state policies, such as carbon pricing, to align the US private sector with the Paris Agreement and the US Nationally Determined Contribution.
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Document type: Report