What does company alignment to net zero look like?

  2023-12-11 What does company alignment to net zero look like?
As COP28 brings together stakeholders from the public and private sector to seek concrete solutions to the climate crisis, we applied the S&P Global Net Zero Commitments dataset covering the achievement of emissions reduction commitments set by over 2,800 companies to answer the question what does company alignment to net zero look like?
 
Our analysis presents the annualized rate of scope 1 emissions reduction achieved by companies in each sector over the past 5 years compared to the annualized rate of reduction needed to meet each company's targets. The results show that on average across all sectors, emissions have been rising by an annualized rate of +1% vs a target reduction of -6.4% per annum.