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Reality check: climate action and commitments of the Fortune Global 500

21 September 2021 |
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This Climate Week webinar will present findings from research into the climate actions and commitments of the Fortune Global 500 and digest the trends with three sustainability leaders from Fortune Global 500 companies.

We researched the climate actions and commitments of the Fortune Global 500, studying their carbon neutral, carbon negative, net zero, RE100 and Science-Based Targets (SBTs).

The research, which was published just in advance of the webinar, has found that more and more of the world’s largest companies are leaning in to the collective requirement to tackle climate change. There’s been a large increase in net zero targets (albeit from a low base and mostly with distant achievement dates), as well as increases in companies achieving or targeting carbon neutrality by 2030, and Science-Based Targets.

By breaking out net zero and carbon neutral commitments, the research found that many companies are using the different actions in tandem. While net zero has arrived as a major pillar of corporate climate action, confusion over definitions means it’s not quite that simple.

The hour-long webinar reflected on these trends, as well as how different targets are used together and differences by regions and sectors. In collaboration with Climate Week, it was moderated by Vaughan Lindsey, CEO ClimateCare and Natural Capital Partners. Vaughan was joined by:

  • Alex Watson, Director of Product Marketing, Natural Capital Partners. Alex led the research for Natural Capital Partners and presented the findings
  • Elizabeth Willmott, Carbon Program Director, Microsoft. Elizabeth leads Microsoft's carbon programme including the company’s carbon fee, carbon measurement, and carbon removal commitment, all on the path to net zero and carbon negative by 2030 and removing all of its historical emissions by 2050.
  • David Eichberg, Head of Climate Strategy, HP Inc. David works on HP’s climate action programme which includes SBTs, commitments to 100% renewable power by 2025, halving HP’s value chain emissions by 2030, and achieving net zero by 2040, along with a range of CarbonNeutral® products and services.
  • Zelda Bentham, Group Head of Sustainability, Aviva. Zelda has led Aviva’s programme to become the first operationally carbon neutral international insurer in 2006. In 2021 it was the first major insurer to extend its target across its supply chain by 2030 and be net zero by 2040, including across its investments.

Read the research here

Find out how Natural Capital Partners can help your company deliver ambitious climate goals here.