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., a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this
Net Zero Tracker, an independent data consortium including Oxford University, said corporate targets from Forbes2000 index companies had jumped 40 per cent to 1,003 in October 2023, from 702 in June 2022, covering two-thirds of revenues, some US$27 trillion . Of those to set a target, just 37 per cent had one that covered their Scope 3 emissions, or those tied to a company's value chain. Just 13 per cent 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.
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