As global energy demand surges 15% since 2020, science-based targets for energy emerge as the linchpin for credible climate action. But here's the rub: 78% of Fortune 500 companies have energy transition goals, yet only 12% align with IPCC pathways. Why does this implementation gap persist, and what bridges ambition with execution?
With 83% of Fortune 500 companies now claiming climate goals, why has global CO₂ concentration still reached 423 ppm in 2023? The disconnect lies in target-setting methodologies that lack scientific grounding. Traditional approaches often prioritize cost savings over atmospheric reality, creating what the IPCC calls "ambition gaps" in critical sectors like manufacturing and energy.
Can organizations truly claim science-based targets without undergoing rigorous SBTi validation? With 68% of Fortune 500 companies now pledging net-zero commitments, the validation gap reveals startling truths: only 24% have approved science-based targets as of Q2 2024, per SBTi's latest compliance report.
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