{"id":128874,"date":"2024-03-13T07:40:28","date_gmt":"2024-03-13T05:40:28","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/hundreds-of-businesses-drop-net-zero-commitments-due-to-scope-3-challenges\/"},"modified":"2024-03-13T07:40:28","modified_gmt":"2024-03-13T05:40:28","slug":"hundreds-of-businesses-drop-net-zero-commitments-due-to-scope-3-challenges","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/hundreds-of-businesses-drop-net-zero-commitments-due-to-scope-3-challenges\/","title":{"rendered":"Hundreds of businesses drop net-zero commitments due to Scope 3 challenges"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/128874\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nAlmost 240 businesses did not follow through on their commitment to set verified net-zero targets or 1.5C-aligned science-based emissions targets, with many citing Scope 3 emissions and uncertainties about the future as major challenges. Businesses identified Scope 3 emissions as a major barrier to net-zero commitments.<\/p>\n<p>Since 2019, more than 1,000 companies joined the Business Ambition for 1.5C campaign, an effort to raise the ambition on climate action and push companies to set science-based targets aligned with 1.5C as opposed to 2C or well-below 2C. Out of these companies, 971 were analysed for a recent report assessing the campaign\u2019s impact. The study, from the Science-Based Targets Initiative (SBTi) excluded companies that underwent mergers, acquisitions, or awaited updated sector-specific guidance.<\/p>\n<p>According to the findings, 84% of the analysed companies either set a target or are in the validation process. Additionally, 96% of the surveyed companies rated the value of having science-based targets as good to very good, and 71% strongly agreed or agreed that the campaign delivered on their motivations for joining.<\/p>\n<p>The top five countries for companies actively participating in the campaign are the UK, the US, France, Sweden and Germany. However, the report unveiled a major setback, as 239 companies had their net-zero commitments removed. Nearly 60% of these companies had near-term targets in place.The SBTi requires companies and financial institutions to submit science-based targets within 24 months of committing.Failure to comply results in being marked as \u201cCommitment Removed\u201d on the SBTi Dashboard, due to a change in commitment compliance policy implemented in January 2023.Prominent brands including Diageo, Microsoft, innocent Drinks, Unilever, Marks &amp; Spencer and Proctor &amp; Gamble were among those retracting their commitments.<\/p>\n<p>The SBTi conducted a survey among the participating companies last month. 54% of respondents identified Scope 3 emissions as a major barrier to setting net-zero targets, in addition to uncertainties about future technologies (53%).<\/p>\n<p>Additional hurdles cited by respondents included a lack of certainty in achieving the target (35%), the absence of a published net-zero standard (27%), no sector pathway available for the company (23%), insufficient emissions data to set targets (22.5%), the abstract nature of net-zero goals (22%), and potential conflicts with regulatory frameworks (18%).<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.edie.net\/hundreds-of-businesses-drop-net-zero-commitments-due-to-scope-3-challenges\/\">edie.net<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/hundreds-of-businesses-drop-net-zero-commitments-due-to-scope-3-challenges-2\/\">Hundreds of businesses drop net-zero commitments due to Scope 3 challenges<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[345,555,1013,13766],"class_list":["post-128874","post","type-post","status-publish","format-standard","hentry","category-news","tag-business","tag-csr-news-en","tag-net-zero","tag-scope3"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/128874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=128874"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/128874\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=128874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=128874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=128874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}