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
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
