Stakeholder demands for low-carbon products and services are a key driver for net-zero targets
Firms still lag on net-zero targets
Analysis by South Pole suggests major companies are still failing to set net-zero goals
Just 7pc of 68,000 major companies have set a net-zero emissions target, according to analysis by consultancy South Pole. South Pole’s research evaluated firms in the Global Fortune 500, major stock indexes and all firms signed up to non-profit the Carbon Disclosure Project’s reporting scheme and standards organisation the Global Reporting Initiative. Of the firms that have set targets, 60pc have adhered to Science Based Target Initiative (SBTI) guidelines—meaning they have agreed to have their targets independently verified. A similar analysis in 2021 indicated that just 28pc of net-zero-committed companies had SBTI targets in place. South Pole also used market research consultancy Sapio Re
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
