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Visualizing the Climate Targets of Fortune 500 Companies



Visualizing the Climate Targets of Fortune 500 Companies

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Fortune 500 Climate Action

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Visualized: The Climate Targets of Fortune 500 Companies

View the high-resolution version of this infographic by clicking here
The Fortune Global 500 is a ranking of the world’s 500 largest companies by revenue. In 2019, this influential group employed 70 million people and generated revenues of over $33 trillion.

Given their size and influence, many of these companies are taking climate action quite seriously. For example, 30% of the group have either achieved a climate goal or are publicly committed to doing so by 2030—a significant increase from just 6% in 2016.

In this infographic, we’ve used data from Natural Capital Partners to provide a holistic view of when Fortune Global 500 companies plan to meet their stated climate goals.

Climate Action Takes Several Forms

When taking climate action, businesses have a variety of targets they can pursue. Three of the most common ones include carbon neutrality, RE100, and science based targets (SBT).

Climate target type Description
Carbon neutral Achieved when a company completely offsets its greenhouse gas (GHG) emissions.
RE100 Achieved when a company relies on 100% renewable energy.
Science based targets (SBT) Emissions are reduced in line with the need to keep global warming below 2ºC.

After choosing a target, businesses can also set a date for when they intend to achieve it. As the above graphic shows, many companies are targeting 2030, a year that is frequently touted as a deadline for meeting the goals of the Paris Agreement.

A fourth target known as “net zero emissions” is also used, though its exact definition tends to vary. For the purposes of this infographic, we’ve considered a commitment to net zero emissions to be the same as achieving carbon neutrality.

A Complete Overview

The following table summarizes the climate actions of Fortune Global 500 companies. Firms that made commitments without a target date have been noted in the table with a “C”.

Company Name Headquarters Carbon Neutral (target date) RE100 (target date) SBT (target date)
Commonwealth Bank of Australia 🇦🇺Australia 2030
Westpac Banking 🇦🇺Australia 2013 2025
Woolworths Group 🇦🇺Australia C
Anheuser-Busch InBev 🇧🇪Belgium 2025 2025
Banco Bradesco 🇧🇷Brazil 2019
Banco do Brasil 🇧🇷Brazil 2019
Caixa Econômica Federal 🇧🇷Brazil 2018
Vale 🇧🇷Brazil 2050
Bank of Montreal 🇨🇦Canada 2010
Royal Bank of Canada 🇨🇦Canada 2017
Toronto-Dominion Bank 🇨🇦Canada 2010
Lenovo Group 🇨🇳China 2030
Xiamen ITG Holding Group 🇨🇳China C
Maersk Group 🇩🇰Denmark 2050
Nokia 🇫🇮Finland 2030
Auchan Holding 🇫🇷France
AXA 🇫🇷France 2025
BNP Paribas 🇫🇷France 2017
Carrefour 🇫🇷France 2030
CMA CGM 🇫🇷France 2050
Crédit Agricole 🇫🇷France C
Danone 🇫🇷France 2050 2030 2030
Electricité de France 🇫🇷France 2050
Engie 🇫🇷France 2030
L’Oréal 🇫🇷France 2020 2027
La Poste 🇫🇷France 2012 2020 2025
Michelin 🇫🇷France 2030
Orange 🇫🇷France 2040
Renault 🇫🇷France 2030
Saint-Gobain 🇫🇷France 2025
Sanofi 🇫🇷France 2030
Schneider Electric 🇫🇷France 2025 2030 2030
Siemens 🇫🇷France 2030
Société Générale 🇫🇷France C
Veolia Environnement 🇫🇷France 2034
Vinci 🇫🇷France 2050
Adidas 🇩🇪Germany 2050
Allianz 🇩🇪Germany 2012 2023
Bayer 🇩🇪Germany 2030
BMW Group 🇩🇪Germany 2050
Bosch Group 🇩🇪Germany 2020
Continental 🇩🇪Germany 2040 2030
Daimler 🇩🇪Germany 2039
Deutsche Bahn 🇩🇪Germany 2050 2030
Deutsche Bank 🇩🇪Germany 2013
Deutsche Post DHL Group 🇩🇪Germany 2050
Deutsche Telekom 🇩🇪Germany 2050 2021 2030
E.ON 🇩🇪Germany 2040
Metro 🇩🇪Germany 2030
Munich Re Group 🇩🇪Germany 2015
SAP 🇩🇪Germany 2025 2014 2025
ThyssenKrupp 🇩🇪Germany 2030
Uniper 🇩🇪Germany 2035
Volkswagen 🇩🇪Germany 2050
ZF Friedrichshafen 🇩🇪Germany 2040
State Bank of India 🇮🇳India 2030
Tata Motors 🇮🇳India 2030
Accenture 🇮🇪Ireland 2023 2025
CRH 🇮🇪Ireland 2050
Johnson Controls International 🇮🇪Ireland C
Enel 🇮🇹Italy 2050 2030
ENI 🇮🇹Italy 2030
AEON 🇯🇵Japan 2050 2030 2027
Dai-ichi Life Holdings 🇯🇵Japan 2050
Daiwa House Industry 🇯🇵Japan 2040 2030
Fujitsu 🇯🇵Japan 2050 2030
Hitachi 🇯🇵Japan C
Mitsubishi Electric 🇯🇵Japan 2030
NEC 🇯🇵Japan 2050 2030
Nissan Motor 🇯🇵Japan 2050
Panasonic 🇯🇵Japan 2050 2030
Sompo Holdings 🇯🇵Japan C
Sony 🇯🇵Japan 2040 2020
Sumitomo Electric Industries 🇯🇵Japan 2050
Takeda Pharmaceutical 🇯🇵Japan 2019 2025
Tokio Marine Holdings 🇯🇵Japan 2011
Toshiba 🇯🇵Japan
Toyota Motor 🇯🇵Japan 2050
América Móvil 🇲🇽Mexico 2050
Achmea 🇳🇱Netherlands 2011
Aegon 🇳🇱Netherlands 2016
Heineken Holding 🇳🇱Netherlands C
ING Group 🇳🇱Netherlands 2007 2020
Equinor 🇳🇴Norway 2030
Anglo American 🇿🇦South Africa 2040
Hyundai Motor 🇰🇷South Korea 2050
LG Electronics 🇰🇷South Korea 2030
Banco Bilbao Vizcaya Argentaria 🇪🇸Spain 2020 2030
Banco Santander 🇪🇸Spain 2020
Iberdrola 🇪🇸Spain 2050 2030
Inditex 🇪🇸Spain C
Mapfre Group 🇪🇸Spain 2030
Naturgy Energy Group 🇪🇸Spain C
Telefónica 🇪🇸Spain 2030 2030 2025
Volvo 🇸🇪Sweden 2025
ABB 🇨🇭Switzerland 2018
Adecco Group 🇨🇭Switzerland 2030
Coop Group 🇨🇭Switzerland 2023
Credit Suisse Group 🇨🇭Switzerland 2010 2025
LafargeHolcim 🇨🇭Switzerland 2030
Migros Group 🇨🇭Switzerland C
Nestlé 🇨🇭Switzerland 2020
Novartis 🇨🇭Switzerland 2025 2030
Swiss Re 🇨🇭Switzerland 2003 2020
Zurich Insurance Group 🇨🇭Switzerland 2014 2022
Fubon Financial Holding 🇹🇼Taiwan C
PTT 🇹🇭Thailand C
Aviva 🇬🇧UK 2006 2025
Barclays 🇬🇧UK 2030
British American Tobacco 🇬🇧UK 2030 2028
BT Group 🇬🇧UK 2020 2030
Compass Group 🇬🇧UK C
GlaxoSmithKline 🇬🇧UK 2050 2027
HSBC Holdings 🇬🇧UK 2030
J. Sainsbury 🇬🇧UK 2040
Linde 🇬🇧UK C
Phoenix Group Holdings 🇬🇧UK 2030
Tesco 🇬🇧UK 2050 2030 2027
Unilever 🇬🇧UK 2020 2030
Vodafone Group 🇬🇧UK 2025
3M 🇺🇸USA 2050
Alphabet 🇺🇸USA 2007 2017 🇺🇸USA 2040
American Express 🇺🇸USA 2018
Anthem 🇺🇸USA 2025
Apple 🇺🇸USA 2020 2020
AT&T 🇺🇸USA 2028
Bank of America 🇺🇸USA 2020 2020
Best Buy 🇺🇸USA 2050 2030
Capital One Financial 🇺🇸USA 2018 2019
Cisco Systems 🇺🇸USA 2022
Citigroup 🇺🇸USA 2020
Coca-Cola 🇺🇸USA 2030
CVS Health 🇺🇸USA 2028
Dell Technologies 🇺🇸USA 2040 2020
Delta Air Lines 🇺🇸USA 2020
Dow 🇺🇸USA 2050
Facebook 🇺🇸USA 2020
Ford Motor 🇺🇸USA 2050
General Motors 🇺🇸USA 2050
Goldman Sachs Group 🇺🇸USA 2015 2020
Hewlett Packard Enterprise 🇺🇸USA 2025
HP 🇺🇸USA 2035 2025
Intel 🇺🇸USA 2030
Johnson & Johnson 🇺🇸USA 2050
JPMorgan Chase 🇺🇸USA 2020
Lowe’s 🇺🇸USA 2025
MetLife 🇺🇸USA 2016
Microsoft 🇺🇸USA 2012 2017 2030
Mondelez International 🇺🇸USA 2025
Morgan Stanley 🇺🇸USA 2022 2022
Nike 🇺🇸USA 2025 2030
PepsiCo 🇺🇸USA 2030
Pfizer 🇺🇸USA 2020
Philip Morris International 🇺🇸USA 2050 2030
Procter & Gamble 🇺🇸USA 2030 2030 2030
Schlumberger 🇺🇸USA C
Starbucks 🇺🇸USA 2020
Target 🇺🇸USA 2030 2028
Tyson Foods 🇺🇸USA 2030
Verizon Communications 🇺🇸USA 2035
Walmart 🇺🇸USA 2025 2027
Wells Fargo 🇺🇸USA 2019 2020

Note: This data was aggregated from various sources throughout 2020, and as a result, may not include the latest climate commitments announced by companies within the Fortune Global 500.

As of October 2020, 163 companies from the Fortune Global 500 have publicly committed to achieving at least one of these climate targets. That represents 32.6% of the total group.

The most common target is carbon neutrality, which has 91 companies on board. In second place is science based targets (SBT), which has 74 companies committed—of those, 16 have not declared a target date. RE100 was the least common, with 56 companies committed. Because some companies are committed to multiple targets, these figures add to more than 163.

Climate Action is on the Rise

Private-sector awareness around climate change and other sustainability issues has gained strong momentum in recent years.

Since 2011, the number of S&P 500 companies publishing sustainability reports increased from 20% in 2011, to 90% in 2019. This was likely due to investor demand and a broader acceptance of environmental, social, and governance (ESG) criteria.

Governments around the world are also taking a more proactive approach to climate action. The Biden administration, for example, seeks to make a $2 trillion investment to help a variety of U.S. industries become more sustainable.

“We have the opportunity to build a more resilient, sustainable economy – one that will put the United States on an irreversible path to achieve net-zero emissions…by no later than 2050.”
– Biden-Harris campaign

America’s goal of reaching net-zero emissions by 2050 is shared with a handful of other advanced economies, including Japan and the EU. The UK has taken these pledges one step further, becoming the first G7 country to pass a law that requires itself to bring emissions to net zero by 2050.

The post Visualizing the Climate Targets of Fortune 500 Companies appeared first on Visual Capitalist.

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