Our key takeaway: An “overwhelming majority” of 55 large U.S. corporations are falling behind on their climate approach and failing to set GHG emissions goals in line with the Paris Agreement’s 1.5-degree limit. As a result, many companies are not significantly reducing their GHG emissions (especially Scope 3 emissions, which tend to be the highest in many sectors) while relying too much on offsetting to contribute to their overall targets. Investors have a unique role to play by considering company climate progress in their investment decision-making metrics, engaging with companies and leveraging shareholder voting to shape company behaviour on climate.
As You Sow published a ranking of 55 U.S. companies across sectors on their progress towards reaching net zero emissions: