ClimateHQ Releases Its First Report Revealing Key Corporate Climate Action Data

ClimateHQ Releases Its First Report Revealing Key Corporate Climate Action Data - Carbon Herald
Credit: Sansoen Saengsakaorat | Shutterstock

ClimateHQ – a newly founded market intelligence provider, released its first report, diving deep into the world of corporate sustainability and climate commitments. The analysis called Corporate Climate Action Report & Analysis examines the US Fortune 100 companies and their most recent sustainability and financial reports (2023-2024), their future climate targets, as well as historical activity in the voluntary carbon market (VCM). The report can be downloaded from the company’s website here.

ClimateHQ is on a mission to build the largest and most accurate corporate climate action data & market intelligence platform. The startup tracks over 50k companies and their respective sustainability reporting, net zero targets and announcements, voluntary carbon market activities and transactions.

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The report analyzes 100 companies, 99 reports, and more than one million data points. According to the findings just 33 of the US Fortune 100 companies have set a net zero target and 11 of them have a pending SBTI commitment. 

The 100 companies with a total revenue exceeding $11 trillion have emitted a total of over 655 million tons of CO2 in their Scope 1 & 2 emissions. Due to inconsistency in their reporting, the Scope 3 emissions have been left out of the calculations. 

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The report also reveals some stunning data about the net income of those companies per tonne of CO2 emitted. The sector with the highest income per tonne of CO2 emitted is commercial banks and DIV financials with $39,942 p/t and the sector with the lowest net income per tonne is not surprisingly the largest emitters – the petroleum, refining, mining, and oil production sector with $329 per tonne.

The analysis contains a snapshot of ClimateHQ’s full datasets that cover more than 50,000 companies and over 20,000 sustainability reports. For further information and data access requests, people can email data@climatehq.io

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