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Home > Research > Global Reports > Missing the mark

Missing the Mark:

CDP temperature ratings - 2022 analysis

As we approach COP27, this briefing with Oliver Wyman uses CDP’s latest temperature ratings to assess whether current corporate emissions reduction targets are ambitious enough to meet the Paris Agreement’s 1.5°Celsius goal.

Download briefing

No G7 country's corporate sector is aligned with the Paris agreement's 1.5°C goal.


Amid a challenging global context of energy insecurity, rising inflation, and extreme weather in many regions, COP27’s vision to keep the Paris Agreement’s 1.5°Celsius target alive is more critical than ever.

The G7’s private sector has an important role to play in that effort. Strong momentum in 2021, particularly in the runup to last year’s COP26, saw the number of corporates committing and setting climate targets increase rapidly.

Yet, our analysis shows that the greenhouse gas (GHG) emissions reduction targets publicly disclosed by companies in G7 economies are still only ambitious enough to align with a 2.7°C decarbonization pathway.



Europe is improving, but still running hot

Fast progress on target setting in Europe has ‘cooled’ the temperature of the European economy 0.3°C since 2021. However, the emissions reduction targets publicly disclosed by European companies are now aligned with a 2.4°C decarbonization pathway.


And other regions aren’t keeping up with Europe

The analysis shows a clear and consistent outperformance by European companies over North American and Asian peers across all industries. Based on Scope 1 and 2 emissions, companies headquartered in North America are collectively on a path to a 2.5°C rise in temperature, while companies headquartered in Asia are on a path to 3°C. Both are significantly higher than Europe’s 2.4°C.



How ambitious are emissions reduction targets in countries and industries around the world? Find out in the 2022 CDP temperature ratings briefing.

Download the briefing
CDP temperature ratings

The dataset can be used by financial institutions for corporate engagement and setting emissions reduction targets for portfolios.

CDP temperature ratings methodology

Learn about the CDP-WWF temperature rating methodology which was used for this analysis.

CDP reports with Oliver Wyman

Read other reports written in a series in partnership with Oliver Wyman.

Report partner
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