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
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
