Setting science-based net zero targets is crucial for any credible corporate climate journey. 2022 is the time to make real progress on achieving your goals. Understand the current state of net zero commitments using 2021 data and learn more about how to reach net zero emissions.
Download our guide to net zeroClimate action can be complex. But it doesn't have to be. Our team has pulled together everything you need to make informed decisions about setting and achieving corporate climate commitments that withstand growing stakeholder scrutiny. Plus, we've handpicked the most interesting findings from South Pole's latest net zero report, which we hope will inspire your executive team to become climate leaders.
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What are the current trends shaping the carbon market? We have translated our insights into eight key trends you should know for 2022.
South Pole's climate experts found that while companies are making more and more claims around net zero, only 13% have set both a net zero target and a science-based target (SBT).
The SBTi has launched a robust corporate net zero standard, which sets out clear requirements on what a company needs to do to achieve net zero.
However, current government climate targets still leave us with more than a 95% chance of exceeding 1.5°C by 2100. Appetite for action is missing – and urgent leadership and action by the private sector is imperative.
It is within this context that the world is looking closely at corporate net zero commitments. And the resounding cry? 'Actions speak louder than words'.
Waiting for the perfect solution, or watching others try first, won't make it easier. In fact, the cost of tackling climate change increases with every year – for everyone. Delaying efforts to achieve net zero puts the goal of limiting global warming to 1.5°C at risk.
This is why an increasing number of companies are already setting net zero targets. And luckily, we now have clear guidance on how to successfully embed a credible net zero target within their climate strategy.
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* The "Carbon Clock", developed by Mercator Research Institute on Global Commons and Climate Change, shows how much carbon dioxide can be released into the atmosphere to limit global warming to a maximum of 1.5°C and 2°C, respectively.