“Amid global economic, political and environmental disruption, more companies than ever before have publicly committed to largely decarbonizing by around 2050. This includes integrating carbon, energy and other sustainability data and insights into financial and operational business information to help drive everyday decision-making. The report finds that acceleration toward net zero will require ‘carbon intelligence’ capabilities that enable organizations to control, improve and drive value-creation by embedding carbon and broader ESG intelligence into their core businesses and across their value chains. Moreover, 84% of companies plan to increase investments in their sustainability initiatives before the end of 2022. Based on an analysis of commitments to emissions reduction and data from the 2000 largest public and private companies around the world, Accelerating Global Companies toward Net Zero by 2050 finds that growing energy price inflation and supply insecurity is pushing commitments out of reach, even as more companies in every region are setting clear and publicly visible decarbonization goals, with a record rise in the number of corporate targets validated by the Science-Based Targets initiative (SBTi) this year alone.

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