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Only 18% of Companies On Track to Achieve Net Zero Emissions by 2050
Here's a report made by Accenture that highlights the progress of corporates in the mission to achieve net-zero.
According to it:
- Accenture's research reveals that only 18% of companies are on track to achieve net zero emissions by 2050.
- 37% of companies have set net zero targets, but nearly half (49.6%) have seen emissions increase since 2016.
- Potential cost reductions in capital and operating expenses for low-carbon infrastructure such as green steel is 49% by 2050.
Here are some key insights as to how far we are in decarbonization across the world:
- 1 billion MT - Reported reduced emissions as a part of Walmart's Project Gigaton
- €2.7 trillion - Cumulative investment required to decarbonize the industry sector globally, as reported by Allianz
- $37 billion - Investment made in the battery storage sector in 2023, as reported by White & Case
