In our latest report Taking Stock: A global assessment of net zero targets we present what is, we believe, the first quantitative analysis of net zero commitments across countries, sub-national governments and major companies. Teaming up with Oxford Net Zero, we surveyed more than 4,000 significant entities: all nations; all states and regions in the 25 highest-emitting countries; all cities with a population above 500,000; and all companies in the Forbes Global 2000 list. We find that already 61% of countries, 9% of states & regions in the largest emitting countries and 13% of cities over 500k in population have now committed to net zero. Of the world’s 2,000 largest public companies, at least one-fifth (21%) now have net zero commitments, representing annual sales of nearly $14 trillion. A majority of these companies also have interim targets, a published plan and a reporting mechanism, with just over a quarter meeting a full set of ‘robustness criteria’. Our report, however, shows that net zero commitments vary hugely in their quality.
ECIU 23rd March 2021 read more »