Corporate Carbon Targets Decline
Fortune Global 500 Companies Pivot to Biodiversity and Plastics
๐๐๐๐ฉ ๐๐๐ช๐๐๐ฉ ๐ข๐ฎ ๐๐ฉ๐ฉ๐๐ฃ๐ฉ๐๐ค๐ฃ? The 5.4% decline from 2022-2024 in Fortune Global 500 companies with โcarbonโ targets, versus 8.0% and 7.4% increases in targets for โchemicals and plasticsโ and โbiodiversityโ according to McKinsey & Company.
๐๐๐ฎ ๐๐ฉ ๐ข๐๐ฉ๐ฉ๐๐ง๐จ? Investor and corporate focus on emissions is noticeably waning, with a decline in corporate actions and the targets that drive them.
Despite this, 78% of Fortune Global 500 companies still have โcarbonโ targets, and many are expanding their objectives to encompass broader environmental factors. This shift indicates a future where an increasing number of environmental attributes could become monetizable, moving beyond todayโs predominantly carbon-focused markets.
The evolution from carbon emissions to a wider array of environmental assetsโor liabilitiesโis already reshaping energy markets. As additional attributes gain material value, the ripple effects could drive significant disruption across industries.
What โnon-carbonโ attribute do you think will hold the greatest future value or create the most disruption?
