Fidelity: Net zero in 2030 seems unrealistic for most companies

By: Trademagazin Date: 2023. 07. 20. 13:15

A survey of Fidelity ESG analysts questions whether companies’ net-zero plans are sufficient. The answer is: not yet, and a greater concerted effort is needed. Additional funding, technological innovation and regulation are just some of the identified areas where progress is needed if we are to close the gap between goals and reality.

According to the survey, less than 60 percent of companies are currently on track to reduce their carbon dioxide emissions to net zero, the 2050 target value adopted by the UN, and only one in four companies will achieve this by the more ambitious 2030 deadline.

Although significant progress has been made, as evidenced by the 69 percent of European companies that are already allocating the necessary resources to achieve these goals by 2050, the pace is still not fast enough. Significant obstacles remain for companies, such as technological gaps, a lack of coherence between targets and measures, and the fact that the amount of funding currently allocated to reduce carbon dioxide emissions is not sufficient.