Acceleratingglobalcompaniestowardnetzeroby2050NewresearchshowsprogressandkeystepsnecessarytospeedeffortsSustainabilitycommitmentsaregettingstrongergloballyAmidtheeconomic,politicalandenvironmentaldisruptionof2022,morecompaniesthaneverbeforehavepubliclycommittedtoreachingnetzerocarbonemissionsbyaround2050.Butthisheightenedambitionisn’tyetmatchedbythenecessaryaction..2Acceleratingglobalcompaniestowardnetzeroby2050Todate,only34%oftheAccentureGlobal2000companies(G2000)havepubliclystatednetzerotargets—aslightimprovementonlastyear.However,unlesstheyaccelerateprogress,93%ofcompanieswithnetzerocommitmentswillmisstheirtargets.Tospeedupefforts,companiesshouldbecomecarbonintelligent.Thismeansintegratingemissionsdataandinsightsintocorebusinessdecision-making,allowingcompaniestoprioritize,executeandscaledecarbonizationinthisdecade.ThesekeyAccentureresearchfindingscomeatacriticalmoment—as2023marksthehalfwaypointtowardachievingtheUNSustainableDevelopmentGoalsby2030.It’salsotheyearinwhichglobalupdatesonnationaldecarbonizationprogresstowardstargetsundertheParisAgreement/UnitedNationsFrameworkConventiononClimateChangeprocesswillbepublished.OurfindingsarebasedonanexpandedanalysisoftheAccentureG2000,buildingonlastyear’sEurope-basedReachingNetZeroby2050report.ThenumberofmajorcompanieswithnetzerotargetsandotherdecarbonizationmeasuresinplaceHowmanycompaniesareontracktoreachnetzeroStrategiestoacceleratedecarbonization123Our2022researchlooksatthreethings:OursamplewasbasedontheAccentureGlobal2000(orG2000):anAccenturedevelopedlistofthetop2,000publicandprivatecompaniesintheworldbyrevenue.Formoreinformation,seeAbouttheResearch(p.34).Acceleratingglobalcompaniestowardnetzeroby20503Netzerotargetsareproliferating.Morethanathirdoftheworld’slargestcompaniesnowhaveanetzerotargetinplace--up7percentagepointssinceDecember2021.TheUkrainewarhasgalvanizedaction--notdampenedambition.Investmentexpectations,commitmentsandspendingaroundsustainabilityarealluponlastyear.Settingtargetsworks.Thecompanieswithnetzerotargetscutemissionsmorethanthosewithout.Thosewithmoresophisticatedtargetsandmeasuresinplacearecuttingemissionsevenfaster.However,oncurrenttrends,only8%ofcompanieswillreachnetzeroby2050.Eveninanacceleratedscenario,almostonequarterwouldnotgetthere.Muchmoreneedstobedone.Keyfindingsfromourglobalnetzeroresearch010302044Acceleratingglobalcompaniestowardnetzeroby2050ExecutivesummaryNetzeromomentumisbuilding.TheUNClimateChangeConferenceinGlasgow(COP26)heldinNovember2021wasacatalyst;nowmorethan90%oftheglobaleconomyiscoveredbynationalnetzerocommitments.Regionalandindustrydifferencesremain,butadvanceshavebeenmadeeverywhere.Andagreaterproportionofcompaniescommittedtonetzeroaresettingmoresophisticatedtargets.Theyarespurringshort-termaction,planningtheshifttorenewables,anddevelopingotherclearlyvisibleclimatemitigationandadaptationstrategies.Butthecontexthasalsochangedconsiderablyinthepastyear.ThewarinUkraineandthemacroeconomicfalloutfromthepandemichavemadethetaskofdecarbonizationharder.Onthepositiveside,thisseemstohavefocusedminds.Theproportionofcompaniesplanningtoincreaseinvestmentsinsustainabilityhasrisen;totalrenewableenergyspendinggrewby11%year-on-yearinthefirsthalfof2022alone.Nonetheless,ourfindingsindicatethat93%oftheG2000companieswithnetzerocommitmentswillmisstheirnetzerotargetsbasedoncurrenttrends.Alreadyinthisdecade,thepaceofemissionsreductionneedstoacceleratesignificantly.Settingtargetsremainsavitalpursuit.Companieswithnetzerotargetsarereducingemissionsfasterthanthosewithout.Andthosewithmoresophisticatedtargetsarecuttingemissionsevenfaster.Howcanglobalcompaniesineverysectoraccelerate?Bydeployingdecarbonizationleversacrossoperationsandthroughoutthesupplychain,suchasincreasingenergyandmaterialsefficiency,usingrenewableenergysources,electrifyingfleetsandlogistics,buildinginincentives(suchascarbonpricingschemes)toreducedemand,greeningtechnologyanddevelopingloworevenzerocarbonproductsandservices.Mostimportantly,it’simperativetheydevelopcarbonintelligencecapabilities.Ourfindingsshowthatleadingcompaniestreattheircarbon,energyandemissionsdatawiththesameimportanceasfinancialandoperationalbusinessinformation.Theyintegrateitintoeverydaydecision-making,andtrackandactonitaccordingly.Industrieswillhaveuniquechallengestosolveontheirpathstodecarbonization–whetherthroughvaluechaincollaborations,businessmodelinnovations,useofexistingtechnologies,orboldtechnologybets.Butthegeneralpathforwardisclear:Buildingafoundationofcarbonintelligencecapabilitiesacrossinformation,insightsandimpactwillmakeitpossibletoaddressthesechallengesandmakeprogresstowardnetzerofaster.Acceleratingglobalcompaniestowardnetzeroby20505First,somecontexttosetthestage.It’sbecomingincreasinglyclearthatbusinessesprioritizingsustainabilitycanbenefitinmultipleways.AsshownintheAccentureShapingtheSustainableOrganizationresearch,integratingsustainabilityisassociatedwithhigherfinancialvalue–aswellasgreaterpositiveimpactforawidergroupofstakeholders.Sincedecarbonizationisthemostpressingdimensionofenvironmentalsustainability,urgentactiontoachievenetzeroiscritical.Bothbecauseitprotectslong-termbusinessvalueandbecauseitistherightthingtodo.•Workingtowardnetzero,forexample,throughenergyefficiency,demandreductionandthetransitiontorenewables,caninsulatetheeconomyfromfossilfuelpriceshocks.•Energypricespikeshaveimplicationsforinequality,too.Citizenswithinlowerincomedecilestypicallyspendamuchgreatershareoftheirincomeonenergy.Andinternationally,poorercountriestendtobebothmoredependentonfossilfuels,andmoreexposedtoimmediateclimateriskssuchasfromextremeweatherevents.TransitionprogressinthepastyearAcceleratingglobalcompaniestowardnetzeroby20506TherangeofpolicyandregulatoryannouncementssinceCOP26areencouragingTransitionmomentumisbuildingTheGlasgowconferencesoughtpledgestohelpkeepwarmingbelow1.5degreesCelsius,andthecurrentsetofnationalcommitmentsarepromising.Atotalof153countriesputforwardnew2030emissionstargets,which,toberealized,wouldneedinvolvementandactionbytheprivatesector.1TheformationoftheGlasgowFinancialAllianceforNetZero(GFANZ)demonstratedthattheprivatesectorisgettingseriousaboutchannelingcapitaltowardstheachievementofnetzero.Meanwhile,regulatorsareincreasingthepressure.InJune2022,theEuropeanUnionannouncedprovisionalnewdisclosurestandardsforcompanies.2TheUKhasalsomandatedthatasofApril2022,Britain’slargestfirmsmustdiscloseclimate-relatedfinancialinformation.3AndtherecentlypassedUSInflationReductionActallocates$369billiontoreducinggreenhousegasemissionsandinvestinginrenewableenergysources.4Policychangescomeagainstthebackdropoffurtherscientificwarning.TheIntergovernmentalPanelonClimateChange(IPCC)underlinesthescaleofthechallenge:emissionsmustpeakinfewerthan600workingdays(i.e.,by2025)iftheworldistostayontracktolimitwarmingto1.5°C.5PrivatecapitalcommittedbythefinancialsectortoachievenetzerotargetscProportionofglobalgreenhousegas(GHG)emissionsnowcoveredbycarbonpricingschemesbIncreaseinTaskForceonClimate-relatedFinancialDisclosures(TCFD)supportersbetween2018and2021.dTheproportionofglobalGDP(PPP)coveredbynationalnetzerocommitmentsa91%23%$130trillion410%Notes:aNetZeroTracker(asofOctober2022);bWorldBankCarbonPricingDashboard(asofOctober2022);cGFANZ;dTCFDStatusReport2021–“supporters”referstoorganizationsthathavepledgedtheirsupportfortheTCFDrecommendations.Acceleratingglobalcompaniestowardnetzeroby20507ThemacroeconomicandgeopoliticalenvironmentmakenetzerohardertoachieveInflation:AsharpriseinconsumerdemandfollowingtheliftingofpandemicrestrictionsandthewarinUkrainehavehadaglobalimpactonthepriceofenergy,foodandothermaterials.Businesseswithexposuretomaterialinputandenergypricesarebeingsqueezed,diminishingtheircapacitytoinvest.Risinginterestrates,aimedatcurbinginflation,mayalsodeterspendingbyraisingthecostofcapital.Supplychains:Thepandemicdisruptedlogisticsnetworks.Lockdowns,portcongestionandalackofcontainershipscreateddelays,productandpartshortages,andrisingtransportcosts.Thishurtproductioninnumerousindustries–notablyautomotivemanufacturing–andmay,inturn,slowdowncapitalprojectsandinvestmentsnecessaryfordecarbonization.Talent:Workershortagesarehighacrossadvancedeconomies.Manypeoplehaveleftthelaborforce,particularlyolderworkersandthosefromdisadvantagedgroups.Othershaveshiftedpreferences(akathe“greatresignation”).Theeffectisbothtighterlabormarketsandsectoralimbalances,leavingsomeindustriesunabletoattracttheskillstheyneed.60%ofCXOsexpectpriceincreasestoreduceconsumerspendingpower,contributingtoadeclineinconsumerandbusinessconfidence.612-24monthsTimethatEuropeansupplychaindisruptionscouldtaketoeaseinascenariowheretheUkrainewarlastsinto2023andtheWestimposesfurthersanctionsonRussia.7+41%TheriseinjobvacanciesintheUS–August2022vsAugust2019.8TheInternationalMonetaryFundnotesthatlabormarkettightnessafflictsmanyadvancedeconomies.9Despitethesesignsofprogress,ahostofcrises—includingthewarinUkraineandthefalloutfromthepandemic—havepotentiallymadenetzerohardertoachieve.Problemsofinflation,supplychainbottlenecksandtalentshortagesallcontributetoamorechallengingenvironmentforinvestmentandaction.Acceleratingglobalcompaniestowardnetzeroby205089AcceleratingGlobalCompaniestowardNetZeroby2050Inthemidstofthisdifficultenvironment,netzeroremainsfirmlyonthecorporateagendaAstheadagegoes,difficultycanbreeddetermination.Ourfindingsshowthatcurrentinstability—drivenprimarilybythewarinUkraine,andtheensuingmacroeconomicturbulenceandenergypricefluctuations—hasnotdeterredthefocusonsustainability.Infact,executivessaytheywillincreaseinvestmentinsustainabilitywithtrendsincleanenergyspendingandscience-basedtargetsettinglargelysupportingtheseclaims.84%ofcompaniesstillsaidinJunethattheyplantoincreaseinvestmentsinsustainabilityinitiativesbytheendofthe2022.10Thisproportionhasrisensincelastyear,when80%ofexecutivessaidtheywouldraisesustainabilityinvestmentbytheendof2021.39%ofallScience-BasedTargetinitiative(SBTi)commitmentsandtargetssetsince2015,weresetinthemonthsafterthewarinUkrainebegan,uptothestartofOctober.11AsofOctober,arecordnumberofcompanies(237)hadcommittedandsetscience-basedtargetsinbothJuneandSeptember2022.$226theamountofnewworldwiderenewableenergyinvestmentinthefirstsixmonthsof2022.12It’sa+11%year-on-yearriseandthehighesteverrecordedforafirsthalfyear,showingthatdemandforcleanenergyremainsstrong.bnAcceleratingglobalcompaniestowardnetzeroby20509NetzerotargetsareincreasingeverywhereThenumberstellthestory:theproportionofmajor,globalcompaniesthathavecommittedtonetzerohasrisensinceDecember2021.AccentureG2000companiesineveryregionappeartobesettingclearandpubliclyvisiblenetzerotargets.Theoverallsamplesawa7-percentagepointincrease.Thisamountstoaroughly25%jumpinrelativeterms–withmorethanhalfofEuropeancompaniesinoursamplenowcommittingtonetzero.Althoughgloballytheaveragetargetyearremainsthesameasbefore(2048),inNorthAmericaandEuropetheexpandednumberoftargetshaspushedtheaveragetargetyearbackoneyear–inbothcasesto2047.34%2048+7+14+5+427%2048Global(2022n=2000;2021n=2000)G2000companieswithnetzerotargetsProportionofcompanieswithnetzerotargets,%e2022sampleNotes:eWeconsideranetzerotargettobeoneinwhichacompanyaimstoreducecarbonemissionstonetzeroinScopes1,2,and3.fTheG2000listchangeseveryyearbyupto10%,sothesamplesbetweentheyearscompriseaslightlydifferentsetofcompanies.gIncludes:USA.Canada,andBermuda2021samplef.Y-on-Ychangeinper-centagepointsAvg.netzerotargetyear51%204737%2046Europe(2022n=507;2021n=510)28%204723%2046NorthAmericag(2022n=600;2021n=613)28%205024%2050Restofworld(2022n=893;2021n=877)Acceleratingglobalcompaniestowardnetzeroby205010IndustriesaremakingprogressAlmostallindustrieshaveseentheproportionofcompaniessettingnetzerotargetsriseoverthepastyear.Andmorecarbon-intensiveindustrieshaveseentheseproportionsgrowthemost.22%23%35%24%4%29%26%36%24%10%30%25%49%55%41%54%+26+16+5+8+7+2+7+3+1+7+6+6+5+0+17+10+0+9IndustrieswithHIGHERcarbonintensityIndustrieswithMEDIUMcarbonintensityIndustrieswithLOWERcarbonintensityG2000companieswithnetzerotargetsbyindustryProportionofcompanieswithnetzerotargets,%2021sampleChangeinproportion(inpercentagepoints)settingnetzerotargets2022sample35%30%44%43%37%46%21%22%46%38%32%46%TravelCG&SCapitalMarketsA&DUtilitiesMobilitySW&PLifeSciencesChemicalsHi-TechBankingInsuranceEnergyIndustrialComms&MediaHealthNat.Res.Retail25%23%37%24%31%29%42%33%Notes:CarbonintensityismeasuredasScope1and2emissionsasaproportionofrevenues(tCO2e/US$mnrevenues)usingS&PTrucostdataforcompaniesintheG2000sample.ForeachindustrywetakeanaverageoftheemissionsintensityfromG2000companiesinthatindustry.Forthecategorieshere,Lower=lessthan50tCO2e/US$mnrevenues,Medium=50-500tCO2e/US$mnrevenues,andHigher=greaterthan500tCO2e/US$mnrevenues.Industryabbreviations:Nat.Res.=NaturalResources,Mobility=Automotive+PublicTransport,SW&P=Software&Platforms,A&D=Aerospace&Defense.Changepercentagesmayappeartodifferbyonepercentagepointfrom2022minus2021figuresduetorounding.Acceleratingglobalcompaniestowardnetzeroby205011Butasimportantassettingthedestination:therouteyoutakeNowit’stimetogatherthismomentumandtakeitfurther,faster.Companiesneedtobemotivatedtoactintheshort-term.Theyalsoneedtofocusonpracticaldecarbonizationlevers–suchasrapidlyshiftingawayfromfossilfuels–anddevelopaclearstrategyforthetransition.Inshort,carbonneedstobecomepartofbusinessintelligence,andintegratedintostrategyandoperationsaccordingly.Asinglefinaltargetwillnotachievethisaim.Ourfindingsindicatethatalongsidetheircommitmentstonetzero,companycommitmentsinmorespecificareasneedtobeadvancedaswell.Readourreport--MeasuringSustainability,CreatingValue--abouthowcompaniesmakeenvironmental,socialandgovernance(ESG)measurementakeypartoffinancialreporting.Acceleratingglobalcompaniestowardnetzeroby20501213AcceleratingGlobalCompaniestowardNetZeroby2050Whatisneeded?IntermediatetargetsCompaniesneedtomakeprogressintheshort-term.Long-termtargetsaloneareunlikelytospurimmediateaction,especiallywith2050deadlines.Intermediatetargetsforthisdecadearenecessarytoensurethatprogressisbeingmadeandtodriveactionintheshort-term.AclearandintegratedtransitionstrategyCompaniesneedaclearplanandframeworkfortheirtransition.Whilenotwocompaniesfacethesamechallengesorstartingpoints,clarityaroundclimatestrategyandgovernance,andintegrationoralignmentwiththebroadercorporatestrategyarekey.AlignmenttotheTCFDframeworkisagreatwaytostart.iNetzerotargetsCompaniesneedanorthstar.Withoutnetzerotargetsthatcoverscopes1,2and3inplace,reachingnetzeroisunlikelytobeprioritisedbythebusiness.hLever-specifictargetslikerenewableenergytargetsCompaniesneedtoincentivizeinvestmentsinrenewableenergyinnovationanddeployment.Notes:hScope1coversdirectemissionsfromownedorcontrolledsources.Scope2coversindirectemissionsfromthegenerationofpurchasedelectricity,steam,heatingandcoolingconsumedbythereportingcompany.Scope3includesallotherindirectemissionsthatoccurinacompany’svaluechain;iTaskForceonClimate-relatedFinancialDisclosures02040103Acceleratingglobalcompaniestowardnetzeroby205013Moresophisticatedmeasures,likesettingintermediatetargets,areproliferatingThegoodnewsisthatweseeprogressacrosstheseareas.Ratherthanmerelysettingblunttimelinesfordecadesinthefuture,companiesthatarecommittedtonetzeroareholdingthemselvestoaccountwithadditionalintermediatetargetsthatspurshort-termaction.83%+17+15+22+1466%OverallSample(2022n=675;2021n=543)Regionn=companiessettingnetzerotargetsIntermediatetargetsProportionofthosewithnetzerotargetssettingintermediatetargetstomeasuretheirprogress,2022vs2021j;%2022sampleofcompanieswithnetzerotargets2021sampleofcompanieswithnetzerotargetsY-on-Ychange(percentagepoints)86%72%Europe(2022n=259;2021n=190)89%66%NorthAmerica(2022n=167;2021n=142)75%61%Restofworld(2022n=249;2021n=211)Notes:jQuestion:“Hasthecompanysetintermediateemissionreductiontargetsasastrategytoreachtheultimatenetzerotarget?”Changepercentagesmayappeartodifferbyonepercentagepointfrom2022minus2021figuresduetorounding.Acceleratingglobalcompaniestowardnetzeroby205014Acceleratingglobalcompaniestowardnetzeroby2050Companiesarealsodevisingadditionaltargetsaroundthemultipledecarbonizationleversneededtogetthere–byfocusingontheshiftawayfromfossilenergyuse,forexample.Aswellasrenewableenergytargets50%45%OverallSample(n=675)Regionn=companiessettingnetzerotargets(2022)RenewableenergytargetsProportionofthosewithnetzerotargetssettingrenewableenergytargetsk%Publictargets,andpublicactions/resultsNopublictargets,butpublicactions/resultsNopublictargets,andnopublicactions/results48%49%Europe(n=259)53%43%NorthAmerica(n=167)49%43%Restofworld(n=249)5%3%4%9%Notes:kQuestion:“Docompaniesprovideevidenceforthepresenceofrenewableenergytargets?”Percentagesmaynottotal100%duetorounding.Acceleratingglobalcompaniestowardnetzeroby205015Ineveryregion,companieswithnetzerotargetsarereadilyadoptingtheTaskforceonClimate-RelatedFinancialDisclosures(TCFD)framework.Thisisastrongproxyforevidenceofcleargovernanceandstrategyaroundthetransition.Thosethatsetnetzerotargetstendtoalsohaveimplementationplansthatcanbesharedexternally.Andaclearandintegratedtransitionstrategy81%OverallSample(n=675)Regionn=companiessettingnetzerotargets(2022)CleartransitionstrategyProportionofcompaniesreportingagainsttheTCFDframeworkl%2022sampleofcompanieswithnetzerotargets81%Europe(n=259)82%NorthAmerica(n=167)81%Restofworld(n=249)Notes:lQuestion:“DoesthecompanyreportagainsttheTCFD?”Acceleratingglobalcompaniestowardnetzeroby205016TheTaskForceonClimate-relatedFinancialDisclosuresTheTCFDpublisheditsrecommendationsin2017.Itprovidesaframeworkforcompaniestodisclosebetter,standardizedinformationrelatedtoclimate-relatedrisksandopportunitiesandthewidernetzerotransition.TheTCFDaimstoensurethatinvestorsandotherstakeholderscansee–andmakejudgementson–acompany’sgovernanceandstrategyaroundthetransition,aswellasitsapproachtoriskandopportunitymanagementandthemetricsituses.AligningwiththeTCFDframeworkhelpsbusinessesinitiateandexecuteonthisjourney.17Acceleratingglobalcompaniestowardnetzeroby2050Yetdespitegrowthinambitions,mostcompaniesremainofftrackUnfortunately,it’sfarfromarosypictureoverall.Oncurrentemissionsreductiontrends,only7%ofAccentureG2000companies,whichisasmallsubsetofglobalbusinesses,areontracktoachievetheirownnetzerotargetsforscope1&2(operations)andpushingthetargetsforwardto2050bumpsthatshareonlyslightlyto8%.However,currentemissionreductiontrendsarelikelytospeedupastechnologyadvances,effortsintensifyandexternalpressuresincrease.Agreatershareofcompaniesareprojectedtoreachnetzeroinaconsensuspathway.Buteveninanacceleratedscenario–wherethepaceofemissionsreductionistwiceasfastuntil2030andthenuptofivetimesasfastuntil2050–twofifthsofcompanieswillmisstheirowntargets.And22%willfailtohitnetzeroby2050–thedeadlinedeemednecessarytoavertcatastrophicclimatechange.Concertedactionisneededbycompaniesineveryindustry—andnowistherighttimetoproceed.Notes:Seemethodology(p36)Acceleratingglobalcompaniestowardnetzeroby205018vs.owntarget(n=827)CurrenttrendsLinearprojectionConsensuspathwaysS-curve(x2until2030,x3until2050)AcceleratedactionS-curve(x2until2030,x5until2050)OntrackNotontrackvs.2050(n=1394)Proportionofcompaniesprojectedtoreachnetzerooperationalemissionsm7%37%61%8%41%78%93%63%39%92%59%22%Notes:mAnalysisbasedonsampleofG2000companieswithatleast5yearsofreportedemissionsdataintheperiod2011-2020.Theprojectionscoverscope1&2emissions,excludingscope3toavoiddoublecounting.Formoredetailonthescenariosandmodellingassumptions,pleaserefertoAbouttheResearchattheend.Weconsideredthatacompanyachievedthetargetoncetheyreducedbyatleast95%oftheabsoluteemissionsin2020.Consensusemissionsreductionpathways,suchastheonesdevelopedbytheTransitionPathwayInitiative,setsector-specificemissionsreductiontrajectoriesthatreflectconsensusexpertknowledgeaboutthebestavailabletechnologyforreducingemissionsandindustry-specificchallenges.TheAcceleratedActionscenarioreflectsthepaceofemissionsreduc-tionofmitigationpathwayscompatiblewith1.5°C,asdevelopedbytheIPCC.Acceleratingglobalcompaniestowardnetzeroby205019Evenonaconsensuspathway,inwhichprojectedemissionsreductionspeedsdoubleoverthenextdecade,manyindustrieswillstillfailtomeetnetzeroby2050.AverageprojectedyeartoreachnetzeroinoperationsAveragetargetyearsetfornetzeroinoperationsNetzerobyindustryEmissionsscope1&2;consensuspathwayscenarioforaveragecompanyprojectedyearofachievementManyindustriesarenotontracktomeetnetzeroby2050andneedtoaccelerateNotes:Modellingassessestheprogressofcompaniesinreducingoperationalemissions(scope1&2)only.Thisisbecausecompaniesaremostabletocontroltheseemissions–andtoavoiddoublecountingemissions.Targetyearisbasedontheaveragetargetsetbycompaniesinthesample.Averageprojectedyearisbasedontheaverageofcompanytrajectories.2035204020452050205520602065InsuranceUtilitiesLifeSciencesBankingRetailCapitalMarketsSW&PHealthComms&MediaTravelIndustrialMobilityHi-TechA&DCG&SEnergyChemicalsNat.Res.AFTER205020SettingtargetsisagoodstartingpointFortunately,ourresearchresultsalsoshowcaseclearstepsthateverycompanycantaketoacceleratetheirnetzeroefforts.Itstartswithgoalsetting.21Acceleratingglobalcompaniestowardnetzeroby2050Onaverage,companiesthathavesetfullnetzerotargetsmanagedtocutoperationalemissionsby18%between2011and2020.Targetshaveadiscipliningeffect.Segmentingcompaniesbythepresenceofemissionstargetsshowsthatnetzerotargetstendtoworkatgettingcompaniestofocusoncuttingemissions.Thepandemichadanoveralldampeningeffectonemissionsthough.ThosewithScope1and2targetsalsosawonaverageadecreaseintheiremissionsoverthisperiod,buttoamuchlesserdegree.Toeliminatethepandemiceffect,wealsotestedemissionsreductionto2019.Theonlygrouptohavecutemissionsinthisperiodwerethosewithnetzerotargets.RelativechangeinaveragecompanyabsoluteScope1+2emissionsGroupedbytargetstatus,%G2000companieswithemissionsdatathathave…n-18%-5%Fullnetzerotargets(n=527)decreasingincreasingPeriod2011to2020Period2011to2019-1%3%TargetsforScopes1and2only(n=222)13%20%NoNetZeroTargetso(n=411)Companieswithnetzerotargetshavecutemissionssubstantiallysince2011Notes:nCompanieswithoutemissionsdatainboth2011and2020arenotincludedinthesampleshere.oThisgroupeitherhadnoreductiontargetswhatsoever,orhadsomeemissionstargetsbutnotrelatedtoanyformofcarbonneutralityacrossanyscope.Acceleratingglobalcompaniestowardnetzeroby205022CompanieswithmultipletargetsarecuttingemissionsfasterWhat’smore,companiesthathavebuiltupabiggersuiteofprogramshavebeencuttingemissionsfasterthantheirpeers.Bygoingmuchfurtherthansettingdistantnetzerotargets,firmsthatdevelopanddeploycomprehensivedecarbonizationstrategiesandcarbonintelligencecapabilitiesareseeingthebenefit.2.4%Overall(thosewithsufficientemissionsdata)(n=1395)decreasingincreasingCompanieswithemissionsdata-0.2%Withnetzerotarget(n=572)-1.1%-1.1%-1.3%70%29%24%13%12%Withaboveplusintermediatetargets(n=481)Withaboveplusrenewablestargets(n=258)WithaboveplusTCFDdisclosures(n=237)Notes:pCAGRsarecalculatedusingaverageswithoutliersomitted;inasmallnumberofinstances,companiesdonothavedatafor2011,soweusetheCAGRbasedontheirearliestyearofreportingafterthis,providedtheyhaveatleastfiveyearsofemissionsdataintheCAGRperiod.SeeAbouttheResearchfordetailsonthemodellingsample.Sub-groupn=companiesthatmeetgivencriteriaProportionofG2000%EmissionsCAGRp2011-2020Acceleratingglobalcompaniestowardnetzeroby205023LessonsfromtheleadingsetZoominginoncompaniesthatareontracktohitnetzeroby2050onaconsensuspathway,weseethispatternofspeedierdecarbonizationevenmoreclearly.Companiesthatdeploymultiplestrategiestomanagetheirdecarbonizationprogresshavebeenshowntobemoresuccessfulatcuttingemissions.Inall,109leadingcompanies–5.5%ofourG2000sample–displaybestpracticesinarangeofareasandhavecuttheirownemissionsrapidly.-4.2%Overall(emissionsdata+ontrack)(n=574)EmissionsdecreasingCompaniesthatareontracktohitnetzeroby2050q-5.6%Withnetzerotarget(n=260)-6.5%-7.0%-7.4%29%13%11%6.1%5.5%Withaboveplusintermediatetargets(n=222)Withaboveplusrenewablestargets(n=122)WithaboveplusTCFDdisclosures(n=109)Notes:qConsensusPathway2050goal;CAGRsarecalculatedusingaverageswithoutliersomitted;inasmallnumberofinstances,companiesdonothavedatafor2011,soweusetheCAGRbasedontheirearliestperiodofreportingafterthis.SeeAbouttheResearchfordetailsonthemodellingsample.Sub-groupn=companiesthatmeetgivencriteriaProportionofG2000%EmissionsCAGR2011-2020Acceleratingglobalcompaniestowardnetzeroby205024DevelopingbuildingblocksofcarbonintelligenceLookingmorecloselyattheseleaders,weobservetheyaremorelikelytotreattheircarbon,energy,andemissionsdataastruebusinessinformation.Theynotonlytrackit;theyactonit.Theseleadingcompaniesaremorelikelytoensuretheirtargetsarescience-based.Theybuildinmethodstoreduceenergyuseandemissions.Andtheyimplementmorecomplexmechanismsincluding,butnotlimitedto,internalcarbonpricing.Inaddition,theyaremorelikelytoadoptandreportagainstprominentESGframeworks,whichdemandclarityaroundclimatestrategyandgovernance.Leadingcompanies(n=109)Companieswithanetzerotarget(n=675)v79%40%34%4.366%26%22%3.531%16%12%2.4EntireG2000sample(n=2000)Notes:rDoesthecompanymentionthatitstargetsarescience-based?;sDocompaniesprovideevidenceforthepresenceofenergyefficiency/energyconsumptionreductiontargets?;tDocompaniesprovideevidenceforthepresenceofinternalcarbonpricing?uDoesthecompanyreportagainstthesestandards?(Yes/No):CDP,GRI,TCFD,CDRB,VRF’sIntegratedReportingFramework,SASB,WEF’sStakeholderCapitalismMetrics,UNGC;vFullset,notjustthosewithemissionsdata.Sub-groupn=companiesinsampleScience-basedtargetsrProportionwiththese,%InternalcarbonpricingtProportionusing,%EnergyefficiencytargetssProportionwiththese,%ESGframeworkadoptionuAveragenumberusing,n/8Acceleratingglobalcompaniestowardnetzeroby205025ExamplesofleadingcompanydecarbonizationinitiativesNaturgyHPSiemensSuntoryCVSHealthMahindra&MahindraWiththegoalofachievingzeroemissionsacrossallscopesby2050,Naturgy´sstrategyfordecarbonizationincludesachievinga56%cleanenergymixby2025,leadingtotheclosureofallitscoal-poweredstationsin2020,anda33%increaseininstalledcapacitythroughwind,waterandsolarpowerinvestmentin2021.13HPsettheSBTi-validatedgoalofreducing90%ofitsabsoluteemissionreductionacrossallscopes,withinterim2030targets.Byengagingwithsuppliersthroughtraining,andpromotingreportingandscience-basedtargetsetting,GHGemissionsintensitywerereducedby4%in2020,relativeto2015.HPestimatedareductionof81,000tonsofCO2fromsuppliersin2021.16Siemensaimstoachievea50%emissionreductioninoperationsby2030.ItsplansarevalidatedbySBTiandalignedtoTCFDguidelines.In2021,itsscopes1and2emissionsdecreasedby36%comparedwith2019.Itachievedthisbyacquiring78%ofitsenergyfromrenewablesources,electrifying8%ofitscompanyfleet,migratingtocarbon-neutralbuildings,andusinganinternalCO2pricetoincentivisedecarbonizationinitiatives.14TheJapanesecompanyimplementedenergy-savingmeasuresinitsplants,improvingheatrecoveryinindustrialprocesses,installingphotovoltaicpanels,andswitchingtonaturalfuelswithfewerGHGemissionsperunit.Inlinewithitsgoaltoreduce50%ofdirectoperationemissionsby2030,Suntoryreduceditsscope1and2emissionsby13.5%,comparedwith2019levels.17CVSrecognizesthatreducedairqualityleadstomorerespiratoryandcardiovasculardisease.AspartofitHealthy2030commitmentsandSBTI-validatedgoaltoreduceenvironmentalimpactbyatleast50%by2030,CVSisinvestinginmoreenergy-efficientlocations.CVSachieveda33,500MWhenergyreductionin2021implementingarangeofinitiativesincludingtransitioning740CVSlocationsandusingenergymanagementsystemstooptimizelighting,heating,andcoolingsystems.15TheIndianautomotivecompanyhasinplaceacarbonneutralgoalby2040,validatedbySBTi,aswellasthetargettoachieve100%renewableenergyby2030.In2021,thecompanyincreaseditsrenewableenergyconsumptionby19%,andenhancedenergyefficiencyinitssites,achievingan11%reductioninscopes1and2emissionscomparedwiththeyearbefore.18Acceleratingglobalcompaniestowardnetzeroby20502627AcceleratingGlobalCompaniestowardNetZeroby2050Accenture’sviewofcarbonintelligenceFocusisonequipping/embeddingtheseintheorganizationandacrosstheorganizationaloperatingmodel(people,process,technology)FurthervaluefromunlockingopportunitieswithcarbonandESGintelligenceupanddownthevaluechain,fromsupplierstocustomersCarbonintelligenceisasetofcapabilitiesthatenablesorganizationstocontrol,improveanddrivevalue-creationandimpact,byembeddingcarbon,andbroaderESG,businessintelligenceintodecisionmakingwithinthecorebusinessandacrossthevaluechain.MovingfromcarbonandESGasanafter-the-factreportingexercise,todrivingvaluebyleveragingadvanceddigitaltechnologiesforcarbon-informeddecisionmakingacrosscoreprocesses,withhighergranularity,higherfrequency,betterintegratedandmoretrustedandauditabledataAcceleratingglobalcompaniestowardnetzeroby20502728AcceleratingGlobalCompaniestowardNetZeroby2050CarbonintelligencecapabilitiestodevelopInformationbydiagnosing,assessingandsettingthedecarbonizationstrategy,andthenmonitoringandmeasurementofcarbonperformanceInsighttoaudit,recordandreportemissions,aswellastosettargetsandperformancemanagetheirdeliveryImpactunlockedfromthisinsight—whetheritisaboutreducing,replacing,optimizingoroffsettingemissions;predictingorrebalancingtheportfolio;ortradingandmonetizingnewproductsandservicesTopickupthepacetonetzero,companieswillneedtorewiretobecomecarbonintelligent.Thismeansdevelopinganddeployingcarbonintelligencecapabilitiesacrossthebusinessinthreecategories:Thesecategoriesspansevenenablingandvalue-drivingcapabilitiesasshownbelow.Diagnose,Assess&SetStrategyMonitor&MeasureAudit&Record,ReportTarget&PerformanceManagementReduce,Replace,Optimize&OffsetPredict&RebalancePortfolioTrade&MonetizeInformationInsightImpactEnablingcapabilitiesCarbonintelligenceValue-drivingcapabilitiesAcceleratingglobalcompaniestowardnetzeroby205028ActionstotakenowRegardlessofthestartingpoint,yourcompany’seffortsareessentialtohelpingtheworldachievenetzeroby2050.Ittakesdeterminationandactionacrossthespectrum.29Acceleratingglobalcompaniestowardnetzeroby2050Companiesjustgettingstarted:Settargets,createmilestonesandstartmeasuringprogressGather,interpretandactonyourcarbonandenergydata.Ifyourcompanydoesn’thaveaclearlydefinednetzerotarget,setone.Then,makesuretherearemilestonestogetthere,intheformofpubliclyannouncedintermediatetargets.Withthepathwayset,buildinmoresophisticatedmetrics–aroundenergyuse,forexample–andcreatecapabilitiesformeasurementandaplanforaction.Thosealreadyonthejourney:PrioritizeinvestmentsandharnessefficienciesacrosstheenterpriseWithgranulardataaboutenergyandemissionsadequatelyintegratedwithoperationalandfinancialdata,youcanidentifyandprioritizetheinvestmentsthathaveimmediatevalueandcarbonpayoffs.Evaluateassetsandoperationsforareaswhereefficienciescanbeachieved.Theseleadtobothavoidedemissionsandsavedenergy–especiallyusefulwhenenergypricesarehigh.Suchmeasurescanoftenbeasmundaneasfixingthelightinginyourbuildingsormeasuringelectricityperformancewithgreatergranularity.Butitcouldalsoinvolverethinkingprocessesorpivotingtoself-generaterenewableelectricity.Thosewhoareadvanced:Placebolderbets.Innovate,investandcollaborateacrosssectorsandvaluechainsInsomeindustries,thetechnologiesandbroadersolutionstogettonetzerolieinthefuturethroughinnovation.Identify,buildandscalethem.Thiswillinvolveextensivecollaboration–acrosssectorsandvaluechains.Forsomeindustries,keysolutionswillbedevelopedelsewhere.Workoutwhatsolutionswillbeneeded,andfindpartnerstodevelopthem.Similarly,legacysolutionsthatlookcheaptodaymaybecomestrandedassets.Identifywherenewinvestmentscanbemadenowthatwillgiveyourcompanyanedgeinthefuture.Acceleratingglobalcompaniestowardnetzeroby205030It’stimetoleaddecarbonizationeffortsinthisdecadeAtthehalfwaypointtowardsachievingtheUNSustainableDevelopmentGoals,it’surgentforglobalcompaniesineveryindustrytoacceleratetowardnetzero.Whileprogressontarget-settingmadeinthepastyearispromising,moreworkneedstobedone.Strategiestoacceleratedecarbonizationareavailablenow.Howwillyouguideyourenterprisetobecomecarbonintelligent?ContactAccenturetolearnmore.Acceleratingglobalcompaniestowardnetzeroby205031Accenturecommittedtobeingnetzeroby2025Assharedinouronline,interactiveAccenture360°ValueExperience,wedefine360°Valueasdeliveringthefinancialbusinesscaseanduniquevalueaclientmaybeseeking,alongwithstrivingtopartnerwithourclientstoachievegreaterprogressacrossthesevitaldimensions:Client,Talent,Inclusion&Diversity,Experience,SustainabilityandFinancial.ForthecategoryofSustainability,wearecommittedtohelpingourclientsachievetheirsustainabilitygoalsandtooperatingAccenturetoreachours.Thisincludesaddressingenvironmentalissuesthroughourowncommitmenttoachievenetzeroemissionsby2025andbyhelpingourclientsandsuppliersmakeandmeettheircommitments.UNGlobalCompactBusinessAmbitionfor1.5°Pledge--Accentureisoneof1,100companiespledgingtodoourparttokeepglobalwarmingbelow1.5˚Celsius.Science-basedtarget--By2025wewillreduceourabsolutegreenhousegas(GHG)emissionsby11%,ourScope1and2GHGemissionsby65%,andScope1,2and3emissionsperunitofrevenueintensityby40%,againstour2016baseline.AsofAugust31,2021,ourprogressincludedtotalemissionsdecreasedby65%,Scope1and2emissionswerereducedby72%andemissionsperunitofrevenuereducedby76%.Renewableelectricity--Weplantomeetourofficeenergyneedswith100%renewableelectricityby2023.Engagingoursuppliers--Wewillrequire90%ofourkeysupplierstodisclosetheirenvironmentaltargetsandactionsbeingtakentoreduceemissionsby2025.(Keysuppliersaredefinedasvendorsthatrepresentasignificantportionofour2019Scope3emissions.)Nature-basedcarbonremoval--InSeptember2021,weannouncedourinvestmentsinnature-basedcarbonremovalprojects.Ourprojectswillbroadlyalignwithourgeographicfootprint,andwillreforestland,rebuildbiodiversity,makeagriculturemoresustainable,helpcreategreenjobsandallownaturalecosystemstoreboundandthrive—allwhileremovingCO2fromtheatmosphere.Overthenext20years,thisprogramisexpectedtophysicallyremovemorethan13millionmetrictonsofcarbonfromtheatmosphere.Acceleratingglobalcompaniestowardnetzeroby205032ContributorsAccentureAuthorsJean-MarcOllagnierEuropeCEOjean-marc.ollagnier@accenture.com@jmollagnierPeterLacyGlobalSustainabilityServicesLead&ChiefResponsibilityOfficerpeter.lacy@accenture.com@peter-lacyMauricioBermúdezNeubauerCarbonStrategy&IntelligenceGlobalLeadm.bermudez.neubauer@accenture.com@mauriciobermudezneubauerMatthewRobinsonProjectdirectorBabakMoussaviProjectleadCoreteamAnaClaraGimenezMoniquedeRitterCatalinaMainardiGuillaumeSimonKatharineChungFrançoisLuuJackieBrodyTavitasDebbieVanderHydeAcceleratingglobalcompaniestowardnetzeroby205033AbouttheresearchThisanalysistakesstockofglobalcorporatenetzerotargets.Itshowshowmanyoftheworld’slargestcompanieshaveannouncednetzerotargets,inwhichyearthesecompaniesaimtoachievenetzero,andhowtheyarepositionedtomeetthesetargetsconsideringtheirtrackrecordofreducingGHGemissionsinthepastdecade.OursamplewasbasedontheAccentureGlobal2000(or“G2000”):anAccenture-developedlistoftheTop2000publicandprivatecompaniesintheworldbyrevenue.WefirstcollecteddataaboutthenetzerotargetsbasedontheG2000listworkingwithTheSmartCube.Wefound675thathadannouncedanetzerotargetcoveringscope1,2and3emissions.Wegroupedthesecompaniesbyregion(Europe,NorthAmerica,andRestofworldandbyindustry.Secondly,weanalyzedtheemissionsfrom2011to2020ofcompaniesinoursample.Wefocusedontheabsolutescope1&2emissions(excludingscope3toavoiddoublecounting)andcalculatedthecompoundannualgrowthrate(CAGR)ofemissionsoverthe10-yearinterval,adjustingformissingdataandexcludingeffectsofstructuralchangestothebusiness(e.g.,divestmentsandacquisitions).Weeliminatedfromthesamplecompaniesthatdidnotreportonemissionsforaminimumof5yearsduringthe2011-2020period.Thisresultedinadatasetof1394companies(thesamplethatweusedtomodelprogressagainsta2050netzerogoal).Intotaltherewere827companiesthathadbothatleastascope1&2netzerotargetandhadreportedatleast5yearsduringthelastdecade(thesamplethatweusedtomodelprogressagainstcompanies’ownnetzerotargetyears).Thirdly,webuiltprojectionsofpotentialemissionsreductionpathwaysforeachcompanyinourdatasetandestimatedinwhichfuture5-yeartimeintervalthecompanyislikelytoreachnetzero.Wechosetheprojectionstotaketheshapeofan“S-curve”,inlinewithexistingexpertscenariosforemissionsreductionbyindustry.Wethenaggregatedthecompany-levelprojectionstoindustryandregionleveltoassessthetimeperiodoverwhichcompaniesintheindustryandregionarelikelytoachievenetzero.Finally,wecomparedthenetzerotargetyearswiththetimeintervalresultingfromtheemissionspathwayanalysisandevaluatedcommonalitiesanddifferencesacrossindustriesandregions.Wealsoranthisanalysisagainstatargetyearof2050.WehaveconductedasimilaranalysisinDecember2021.Forthiswave,wehavecomparedresultstothelastwave.Also,wehaveconductedadditionalcontextualanalysesmakinguseofAccenturesurveysandtheSBTidatabase.Acceleratingglobalcompaniestowardnetzeroby205034RegionandIndustryclassificationRegionIndustrynameNumberofcompaniesEurope(N=507)Austria,Belgium,CzechRepublic,Denmark,Finland,France,Germany,Greece,Hungary,Ireland,Israel,Italy,Kazakhstan,Luxembourg,Netherlands,Norway,Poland,Portugal,RussianFed.,Spain,Sweden,Switzerland,Turkey,Ukraine,UnitedKingdomAerospace&Defense(A&D)22Banking152CapitalMarkets52ConsumerGoodsandServices(CG&S)155Chemicals79Comms&Media77NorthAmerica(N=600)UnitedStates,Canada,BermudaEnergy121Health59Hi-Tech115Industrial(Equipment,Freight&Logistics)370Restofworld(N=893)Algeria,Argentina,Australia,Azerbaijan,Brazil,Chile,China,Colombia,Ecuador,HongKong,India,Indonesia,Japan,Kuwait,Malaysia,Mexico,NewZealand,Oman,Pakistan,Philippines,Qatar,SaudiArabia,Singapore,SouthAfrica,SouthKorea,Taiwan,Thailand,UnitedArabEmirates,VietnamInsurance150LifeSciences60Mobility70NaturalResources154Retail197Software&Platforms(SW&P)28Travel29Utilities110Wegroupedthecompaniesbyregionandindustry,basedontheAccentureG2000companylist(originalsample,beforeexclusioncriteria)Acceleratingglobalcompaniestowardnetzeroby205035MethodologyWebuiltprojectionsofpotentialemissionsreductionpathwaysforeachcompanyinourdataset,andestimatedinwhichfuturefiveyeartimeintervalthecompanyislikelytoreachzeroemissions.Wechosetheprojectionstotaketheshapeofan“S-curve”,inlinewithexistingexpertscenariosforemissionsreductionbyindustry.Asafirststep,wedeterminedacompany’sstartingpointfortheprojection.Thiswasinformedbyitsabsoluteemissionsin2020anditsnegativeCompoundAnnualGrowthRate(CAGR)from2011to2020.•CompaniesthathavealreadyachievedfastemissionsreductioninthepastdecadewereplacedfurtheraheadontheS-curvetoseeadecelerationintheiremissionsreductionrateovertime,astheremainingoptionsforemissionsreductionbecomehardertorealize.Forthesecompanies,theprojectionusedthehistoricalCAGRofthecompany.•CompaniesthathadachievedlittleornoemissionsreductioninthepastdecadewereplacedfurtherbackontheS-curve,meaningthatintheprojectiontheyfirstcatchupwiththetypicalemissionsreductionratethatindustrypeershadachievedinthepast,andthengraduallyacceleratethepaceofemissionsreduction.Forthesecompanies,wecreatetheprojectionusingthemedianCAGRofthecompaniesinthesameindustrythathadreducedemissionsbetween2011-2020.Secondly,wecreatedtheS-shapeofthecurvebyusingamatrixofmultipliersforeachperiod(displayedonthenextpage),whichdefinethespeedofemissionsreductionovertime.Thesemultipliersvariedbyscenario.TheConsensusPathwaysscenarioreflectstheemissionsreductiontrajectoriesoftheTransitionPathwayInitiative,whichinturnreflectconsensusexpertknowledgeaboutthebestavailabletechnologyforreducingemissionsandindustry-specificchallenges.TheAcceleratedActionscenarioreflectsthepaceofemissionsreductionofmitigationpathwayscompatiblewith1.5°C,asdevelopedbytheIntergovernmentalPanelonClimateChange(IPCC).Astheprojectionsarebasedonreductionratesandthereforeapproachzeroasymptotically,weconsideredthatacompanyachievedthetargetoncetheyreducedbyatleast95%oftheabsoluteemissionsin2020.Acceleratingglobalcompaniestowardnetzeroby20503637AcceleratingGlobalCompaniestowardNetZeroby2050CAGRMultipliersMatrixConsensusPathwaysScenarioCompanyCAGRStartingCAGRusedforprojection2020-20242025-20292030-20342035-20392040-20442045-2049<-12.5%CompanyCAGR1.82.11.2111-12.5%to-7.5%CompanyCAGR1.81.82.11.211-7.5%to-5%CompanyCAGR12.13.23.23.33-5%to-2.5%CompanyCAGR12.13.23.23.33-2.5%to0%Industrymedian12.13.23.23.330%to2.5%Industrymedian01.833.53.53.32.5%to5%Industrymedian-0.212.13.23.53.5>5%Industrymedian-0.501.82.13.23.5Acceleratingglobalcompaniestowardnetzeroby20503738AcceleratingGlobalCompaniestowardNetZeroby2050AcceleratedActionScenarioNote:WehavenotincludedaseparatematrixfortheCurrentTrendsScenario,asthisscenarioreflectstheprojectionoftheStartingCAGRandthusconsistsofhavingthesameCAGRacrossallperiods.CompanyCAGRStartingCAGRusedforprojection2020-20242025-20292030-20342035-20392040-20442045-2049<-12.5%CompanyCAGR1.82.11.2111-12.5%to-7.5%CompanyCAGR1.82.12.11.211-7.5%to-5%CompanyCAGR1.82.13.23.23.33-5%to-2.5%CompanyCAGR1.82.13.2455-2.5%to0%Industrymedian1.82.13.24550%to2.5%Industrymedian12.13.24552.5%to5%Industrymedian12.13.2455>5%Industrymedian12.13.2455Acceleratingglobalcompaniestowardnetzeroby20503839G2000SAMPLECompaniesinG2000list(n=2000)MODELLINGSAMPLECompanieswithsufficientemissionsdata(atleastfiveyearsofdatabetween2011and2020)(n=1394)NETZEROSAMPLECompaniesthathaveafullnetzerotarget(n=675)MODELLING&TARGETSAMPLECompanieswithsufficientemissionsdatatobemodelled,andtargetsforatleastScopes1and2(n=827)10companieshavenetzerotargets,butarenotinthemodellingsamplecompanyhassufficientemissionsdatabutbecauseofdifficultiesinindustryalignmentisnotinthemodellingsampleSample:Different–butoverlapping–samplesareusedintheanalysis,dependingontheareaofenquiry.OuruniverseofcompaniesistheG2000,butaswedonothaveallthedataforeachcompany,sub-setsareusedwherenecessary.LEADINGCOMPANIESCompanieswithbestpractices(seedescription)(n=109)1Acceleratingglobalcompaniestowardnetzeroby205039References1COP26PresidencyOutcomes,“TheGlasgowClimatePact.(n.d.),UnitedNationsClimateChangeConferenceUK2021”,20212EuropeanParliamentNews,“Newsocialandenvironmentalreportingrulesforlargecompanies”,June21,20223”UKtoenshrinemandatoryclimatedisclosuresforlargestcompaniesinlaw”,October29,20214TheGuardian,“Greve,J.:Senatepasses$739billionhealthcareandclimatebillaftermonthsofwrangling”,August7,20225IPCCreport,“Cooper,N.andWhite,A.:Urgentclimateactionneededtohalveemissionsby2030.WorldEconomicForum”,April6,20226AccentureResearchanalysis,“AccentureCXOSurveyWave6”,June,20227Accenture,“Ollagnier,J.,Timmermans,K.,andBrueckner,M.:Fromdisruptiontoreinvention:thefutureofsupplychainsinEurope”,May23,20228USBureauofLaborStatistics,”JobOpeningsandLaborTurnoverSurvey”,AccessedOctober6,20029IMFStaffDiscussionNote,LaborMarketTightnessinAdvancedEconomies,March31,202210AccentureResearchanalysis,“AccentureCXOSurveyWave6”,June,202211“Science-basedTargetswebsite—companiestakingaction”,202212BloombergNEF,“Renewableenergysectordefiessupplychainchallengestohitarecordfirst-halffornewinvestment”,August2,202213Naturgy,“2021SustainabilityReport”,202114Siemens,“2021SustainabilityReport”,202115CVSHealth,ESGreport,202116HP,“2021SustainableImpactReport”,202117Suntory,“CSRReport2021”,202118Mahindra&Mahindra,“AnnualReport2020-2021”,2021Acceleratingglobalcompaniestowardnetzeroby20504041AcceleratingGlobalCompaniestowardNetZeroby2050AboutAccentureAccentureisaglobalprofessionalservicescompanywithleadingcapabilitiesindigital,cloudandsecurity.Combiningunmatchedexperienceandspecializedskillsacrossmorethan40industries,weofferStrategyandConsulting,TechnologyandOperationsservicesandAccentureSong—allpoweredbytheworld’slargestnetworkofAdvancedTechnologyandIntelligentOperationscenters.Our721,000peopledeliveronthepromiseoftechnologyandhumaningenuityeveryday,servingclientsinmorethan120countries.Weembracethepowerofchangetocreatevalueandsharedsuccessforourclients,people,shareholders,partnersandcommunities.Visitusatwww.accenture.comAboutAccentureResearchAccentureResearchcreatesthoughtleadershipaboutthemostpressingbusinessissuesorganizationsface.Combininginnovativeresearchtechniques,suchasdatascience-ledanalysis,withadeepunderstandingofindustryandtechnology,ourteamof300researchersin20countriespublishhundredsofreports,articlesandpointsofvieweveryyear.Ourthought-provokingresearchdevelopedwithworldleadingorganizationshelpsourclientsembracechange,createvalue,anddeliveronthepoweroftechnologyandhumaningenuity.Thiscontentisprovidedforgeneralinformationpurposesandisnotintendedtobeusedinplaceofconsultationwithourprofessionaladvisors.Thisdocumentreferstomarksownedbythirdparties.Allsuchthird-partymarksarethepropertyoftheirrespectiveowners.Nosponsorship,endorsementorapprovalofthiscontentbytheownersofsuchmarksisintended,expressedorimplied.Copyright©2022Accenture.Allrightsreserved.AccentureanditslogoareregisteredtrademarksofAccenture.Acceleratingglobalcompaniestowardnetzeroby205041
VIP
