Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies in Niederaussem, Germany, March 3, 2016. REUTERS/Wolfgang Rattay/File PhotoComes ahead of COP28 climate talks in DubaiNet Zero Tracker, an independent data consortium including Oxford University, said corporate targets from Forbes2000 index companies had jumped 40% to 1,003 in October 2023, from 702 in June 2022, covering two-thirds of revenues, some $27 trillion.
Of those to set a target, just 37% had one that covered their Scope 3 emissions, or those tied to a company's value chain. Just 13% had a quality threshold for the use of carbon offsets. "A clear line in the sand on net zero has surfaced. Countless net zero targets are credibility light, but now we can say for certain that most of the world's largest listed companies are on the right side of the line on net zero intent," said John Lang, Project Lead, the Net Zero Tracker.
As well as companies, the Net Zero Tracker tracks pledges made by nations, states and regions, and cities using machine and human data analysis.