84% of companies are doubling down on climate targets, PwC reports

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🗞️ Driving the news: A new PwC report reveals that 84% of companies are maintaining or accelerating their climate goals, despite economic and regulatory uncertainties
• Corporate climate commitments have grown ninefold in five years
• Only 16% of businesses have reduced their efforts

🔭 The context: The report draws on data from over 4,000 companies globally, highlighting a shift from sustainability as a trend to a core business strategy
• Smaller businesses are increasingly joining the decarbonisation effort, driven in part by supply chain demands
• There's growing evidence that sustainable practices align with financial benefits

🌍 Why it matters for the planet: Corporate climate action is critical to achieving global net-zero goals
• The rise in Scope 3 emissions tracking and investment in low-carbon innovation shows greater accountability beyond company walls
• As smaller firms step up, the decarbonisation ripple effect strengthens across industries

⏭️ What's next: Continued investment in clean technology, value chain engagement, and governance will determine progress
• Scope 3 emissions remain a major hurdle, with only 54% of companies on track
• Early adopters of sustainable innovation may secure competitive advantages in a low-carbon economy

💬 One quote: "Businesses are realising that sustainability is not just a responsibility—it’s also a smart business strategy." – PwC Report, 2024

📈 One stat: Sustainable products generate 6% to 25% more revenue than non-sustainable ones

See here detailed sustainability performance of companies like PwC, Microsoft, and Patagonia

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