CDP: Critical Gaps in Corporate Renewable Energy Targets

November 22, 2024

The road ahead

Businesses are urged to decisively incorporate renewable solutions into their operations.

The establishment of clear, verifiable targets for renewable energy procurement and energy efficiency is fundamental for progress.

The urgency highlighted in this year’s COP29 stresses the stakes at play if accelerated measures are not taken.

“The path forward demands companies of all sizes prioritise verifiable renewable energy use and purchase targets alongside energy efficiency targets. Transparency is foundational to this goal,” Amir emphasises.

Both economic benefits and emission reductions are to be had for companies that commit to this transition—creating a win-win scenario towards a sustainable future.

Yet, if today’s corporate giants fail to pivot towards more sustainable models, the lofty energy targets postulated at prior COP summits risk becoming aspirations rather than achievements.

As major consumers of electricity, their immediate choices hold the key to fostering a resilient, zero-carbon economy.


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