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Accelerating global companies toward net zero by 2050

novembre 2, 2022 5-minuti di lettura

RESEARCH REPORT

In brief

Progress growing globally but concerted action is needed

"Even in an accelerated scenario –where the pace of emissions reduction is twice as fast until 2030 and then up to five times as fast until 2050– two fifths of companies will miss their own targets."

Companies stepping up in difficult circumstances

84%

of companies said they plan to increase investments in sustainability initiatives by the end of 2022. This proportion has risen by 4 percentage points since last year.

39%

of all Science-Based Target initiative (SBTi) commitments set since 2015, were set in the months after the war in Ukraine began (up to the start of October 2022).

$226B

Total worldwide renewable energy investment in the first six months of 2022 - a record for a first half year, and an 11% year-on-year rise.

Uncovering net zero trends across industries and geographies

All Sample
34%
All Sample
16%
All Sample
17%
All Sample
34%
Aerospace & Defense
36%
Aerospace & Defense
18%
Aerospace & Defense
14%
Aerospace & Defense
32%
Banking
46%
Banking
12%
Banking
12%
Banking
30%
Capital Markets
54%
Capital Markets
12%
Capital Markets
4%
Capital Markets
31%
CG&S
41%
CG&S
5%
CG&S
28%
CG&S
26%
Chemicals
38%
Chemicals
23%
Chemicals
16%
Chemicals
23%
Comms & Media
42%
Comms & Media
23%
Comms & Media
17%
Comms & Media
18%
Energy
31%
Energy
21%
Energy
17%
Energy
31%
Health
10%
Health
10%
Health
14%
Health
66%
Hi-Tech
32%
Hi-Tech
13%
Hi-Tech
29%
Hi-Tech
26%
Industrial
29%
Industrial
16%
Industrial
16%
Industrial
39%
Insurance
24%
Insurance
23%
Insurance
11%
Insurance
41%
Life Sciences
33%
Life Sciences
27%
Life Sciences
25%
Life Sciences
15%
Mobility
37%
Mobility
17%
Mobility
13%
Mobility
33%
Natural Resources
29%
Natural Resources
13%
Natural Resources
15%
Natural Resources
43%
Retail
26%
Retail
13%
Retail
21%
Retail
39%
Software & Platforms
46%
Software & Platforms
18%
Software & Platforms
7%
Software & Platforms
29%
Travel
55%
Travel
7%
Travel
7%
Travel
31%
Utilities
43%
Utilities
20%
Utilities
13%
Utilities
25%
  • Full net zero targets for scopes 1, 2, 3
  • Zero emissions targets for scopes 1, 2
  • Decarbonization targets that are not net zero
  • No evidence of decarbonization targets
*For Industry wise-comparision you can select the another Industry using the Industry 2 dropdown.
OR
All Sample
34%
All Sample
17%
All Sample
16%
All Sample
34%
North America
28%
North America
16%
North America
26%
North America
31%
Africa & Middle East
34%
Africa & Middle East
17%
Africa & Middle East
17%
Africa & Middle East
32%
Asia Pacific
28%
Asia Pacific
14%
Asia Pacific
11%
Asia Pacific
47%
Europe
51%
Europe
19%
Europe
15%
Europe
15%
Latin America
24%
Latin America
16%
Latin America
18%
Latin America
42%
  • Full net zero targets for scopes 1, 2, 3
  • Zero emissions targets for scopes 1, 2
  • Decarbonization targets that are not net zero
  • No evidence of decarbonization targets
*For Region wise-comparision you can select the another Region using the Region 2 dropdown.

Good to know

  • Scope 1 covers direct emissions from owned or controlled sources.
  • Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company.
  • Scope 3 includes all other indirect emissions that occur in a company’s value chain.

Strategies to accelerate decarbonization in every sector

It starts with setting targets

On average, companies that have set full net zero targets managed to cut operational emissions by 18% between 2011 and 2020.

Multiple targets cut emissions faster

In addition to long-term net zero targets, they set intermediate targets and lever-specific goals like renewable energy targets. They also follow a clear and integrated transition strategy.

Lessons from the leaders

Companies setting the example

Naturgy

With the goal of achieving zero emissions across all scopes by 2050, Naturgy’s strategy for decarbonization includes achieving a 56% clean energy mix by 2025, leading to the closure of all its coal-powered stations in 2020, and a 33% increase in installed capacity through wind, water and solar power investment in 2021.

Mahindra & Mahindra

The Indian automotive company has in place a carbon neutral goal by 2040, validated by SBTi, as well as the target to achieve 100% renewable energy by 2030. In 2021, the company increased its renewable energy consumption by 19%, and enhanced energy efficiency in its sites, achieving an 11% reduction in scopes 1 and 2 emissions compared with the year before.

Accelerate your company’s actions today

Jean-Marc Ollagnier

CEO – Europe

Jean-Marc is the chief executive officer of Accenture in Europe and is a member of Accenture’s Global Management Committee.


Peter Lacy

Global Sustainability Services Lead & Chief Responsibility Officer

Peter advises leaders of Fortune 500 companies on strategies related to growth, technology, innovation and sustainability.


Mauricio Bermudez Neubauer

Managing Director – Strategy & Consulting, Carbon Strategy & Intelligence Lead

Mauricio supports organizations in the transition to the future economy—the intersection between the low carbon, circular, ethical and digital economies.