Global carbonization gaining momentum

Globally, the numbers of companies publishing temperature targets and making emission reduction plans, such as Net Zero 2050 commitments, has continued to increase. But is there any evidence to suggest these commitments are having an impact on global corporate emissions?

Our analysis using the ICE Global Emissions and Targets Database to track global corporate emissions suggests there are positive signs. We found improvement in both the quality of data being reported and the trend in global emission intensities, and absolute emissions globally. Overall, evidence points to the trend of global corporate decarbonization gaining momentum in the last reporting year.

To carry out a detailed analysis and to examine progress on a like-for-like basis we created a global diversified portfolio of companies reporting complete Scope 1 and 2 emissions and at least one category of Scope 3 emissions for at least the past two years (sample of 2,005 companies).