You are currently viewing More than half of companies did not set climate goals in 2021, says report

More than half of companies (56%) have not set climate goals in 2021, according to a report by the CDP – Carbon Disclosure Project, released this Thursday, which concluded that it still takes at least another decade to ensure that all do.

The report analyzed more than 11,400 companies that supply products or services, which report environmental data to their customers through CDP, and concluded that, in 2021, “only 2.5% of suppliers set scientific targets for their emissions, while 56% they didn’t have any climate goals.

Additionally, less than 30% had an energy transition plan, with the aim of contributing to a future carbon neutral economy.

“It takes at least another decade to ensure that all suppliers reporting environmental data to their customers through CDP set climate targets,” the organization said.

According to the conclusions presented, only one in 40 goals set for 2021 by companies were approved on a scientific basis.

However, progress was also made last year, with 71% of supplier companies reporting reductions in their operational carbon emissions.

“We urgently need more companies to engage with their suppliers”

In 2021, more than 200 members of the CDP Supply Chain (supply chain) around the world, which include large buyers representing nearly five billion euros in purchasing spending, requested that more than 23,000 suppliers disclose environmental data in 2021.

The request made by companies such as L’Oréal, Philips, Telefónica, Deutsche Telekom, Pirelli, among others, resulted in a record 11,400 responses, a 50% increase in the disclosure of those data to CDP, compared to 2020.

“This shows progress in reporting and taking action on direct environmental impacts: a total of 71% of suppliers disclosed their direct emissions and reported significant reductions of 1.8 billion tCO2e [toneladas equivalentes de dióxido de carbono]”, pointed out the CDP.

“We urgently need more companies to engage with their suppliers to manage environmental impacts across their supply chains,” said CDP Europe Executive Director Maxfield Weiss.

For the official, “this is essential, not only to compensate for a 10-year delay in setting climate goals, but also to guarantee a future of carbon neutrality”.

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