96% of corporate professionals say their organizations have, or plan to take, climate action.

Carbon Direct today released the 2024 State of Corporate Climate Commitment report. Compiled in collaboration with Wakefield Research, the report highlights how companies are prioritizing climate action, and the steps they are taking to reduce their impact. Fifty percent of professionals surveyed said their companies had already taken action around climate change, and another 46% said their company planned to. This leaves only 4% of companies without a plan for climate action.

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Sixty-five percent of companies who said they have implemented a climate strategy have done so within the past five years. (Photo: Business Wire)

>> Read the Report: 2024 State of Corporate Climate Commitment

The 2024 State of Corporate Climate Commitment draws from a survey of 700 finance, sustainability, and compliance professionals at organizations of up to 5,000 employees across the United States and Europe (United Kingdom, France, and Germany). Additional key findings from the report include:

• Companies with a public goal are much more likely to have taken action. 83% of companies that have taken steps to decarbonize their operations have set a public sustainability goal.
• Carbon emissions measurement correlates to climate action. 61% of companies that have calculated their footprint have both set a public goal and begun working towards it.
• Climate and sustainability efforts require cross-functional action. 76% of professionals said that responsibility for climate and sustainability initiatives is spread across more than one team.
• Energy consumption and efficiency are the top areas of focus for climate action. Nearly two out of three (63%) professionals said their organizations are trying to limit their energy consumption or become more energy efficient.
• There are many motivations for corporate action. 81% of companies identified three or more factors, including competitive necessity, regulation, and voluntary reporting, as motivators for climate action.

“The results of this survey demonstrate growing awareness among corporate professionals of the central role the private sector must play in achieving climate targets,” said Jonathan Goldberg, CEO of Carbon Direct. “As we strive to move even more companies to set, act, and deliver on climate commitments, we must continue removing cost and knowledge barriers and incentivizing organizations to make climate action a priority.”

To learn more about the latest trends in corporate climate action, read the 2024 report.

About Carbon Direct

Carbon Direct helps organizations go from climate goal to climate action. We combine technology with deep expertise in climate science, policy, and carbon markets to deliver carbon emission footprints, actionable reduction strategies, and high-quality carbon dioxide removal. With Carbon Direct, clients can set and equitably deliver on their climate commitments, streamline compliance, and manage risk through transparency and scientific credibility.

Our expertise is trusted by global climate leaders including Microsoft, American Express, and Alaska Airlines, as well as by the World Economic Forum, which selected Carbon Direct as an Implementation Partner for the First Movers Coalition. To learn more, visit www.carbon-direct.com.

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