The consumer goods industry is committed to decarbonization. Based on Carbon Disclosure Project (CDP) 2022 reported data, 39 percent of consumer goods companies globally had set near-term decarbonization targets as of January 2023.1 The average emission-reduction targets for these companies are 40 percent for Scopes 1 and 2 emissions and 30 percent for Scope 3 emissions, with the first targets due in two years (see sidebar, “Defining Scope 1, 2, and 3 emissions”).
However, a significant proportion of the consumer companies we assessed are not on track to decarbonize at the required pace.2 Only 18 percent of the consumer goods companies that have set near-term targets are on track to meet them for Scopes 1 and 2, while just 7 percent are on track to meet their Scope 3 targets.
Source: Most consumer companies not on track for decarbonization targets
