Public companies globally are increasingly disclosing on their greenhouse gas emissions footprints, with around 60% now reporting direct Scope 1 and 2 emissions, and more than 40% on at least some Scope 3, or value chain, emissions, according to a new report by investment data and research provider MSCI, which also found that U.S. companies are falling far behind their global counterparts on climate reporting. According to the report, companies are continuing to set climate targets, although the pace over goal-setting has slowed. As of the end of January 2024, 52% of companies have now disclosed an emissions reduction target, and 38% have announced a net zero target, each up one percentage point from last year. While the pace of target setting has slowed, however, the quality of climate targets appears to be improving, with 20% of companies now setting science-based targets aligned with 1.5°C, up from only 12% last year. Despite the improvements in disclosure and target setting, however, the report found that listed companies’ greenhouse gas emissions has yet to decline, although they do appear to have levelled off.”

Source:  ESGtoday