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Corporate Climate Responsibility Monitor 2022
The Corporate Climate Responsibility Monitor 2022 finds that most of the 25 major global companies assessed have net-zero pledges that lack integrity, with aggregate emissions targeted for reduction by only 40% at most. While 15 companies report interim targets for 2030, the average reduction commitment for full value chain emissions is only 23%. Scope 3 emissions average 87% of total emissions, yet only 8 companies provide moderate detail on addressing them. The report notes a heavy reliance on unbundled renewable energy certificates (RECs) and contentious offsetting plans, particularly nature-based solutions, while suggesting that 'climate contributions' without neutrality claims are an emerging alternative.
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Document type: Report