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Harmony Analytics

Net-Zero Targets: Beyond Commitments to Concrete Measurements

As corporations worldwide pledge to achieve net-zero emissions, the focus sharpens on the balance between the greenhouse gases they emit and those removed from the atmosphere. Reflecting the significant corporate shift, the number of large companies with net-zero ambitions has doubled in 2.5 years, now accounting for $26.4 trillion in annual revenue.

While setting net-zero targets has become increasingly common, the objective measure of progress lies in comparing these goals against historical emission trends. The effectiveness of net-zero commitments can only be ascertained through monitoring against historical emission data. By doing so, companies can ensure that they are on track to meet their goals or identify when strategic adjustments are necessary.

Harmony provides tools to analyze net-zero ambitions, allowing users to track emission trends and adjust strategies as needed for tangible progress toward their commitments.

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European Union

European Union

2019 – Regulation (EU) 2019/2088 (Sustainability)
2021 – Regulation (EU) 2021/1119 (European Climate Law)
2021 – Regulation (EU) 2019/2088 SFDR
2022 – Regulation (EU) 2020/852 (EU Taxonomy)
2024 – Corporate Sustainability Reporting Directive (CSRD)
2024 – European Green Deal
2024 – Corporate Sustainability Due Diligence Directive (CSDDD)

2020 – Guide on climate-related and environmental risks (Voluntary)

2019 – ESMA Guidelines on Disclosure Requirements Applicable to Credit Ratings (Voluntary)

United States of America

Securities and Exchange Commission (SEC)

2022 – The Enhancement and Standardization of Climate-Related Disclosures for Investors

2022 – Public Company Cybersecurity
2022 – Pay versus Performance
2024 – US SEC Climate Guidance

2012 – The California Transparency in Supply Chains Act

2018 – SB 826 Corporate Board and Gender Diversity (Voluntary)
2023 – SB 253 and SB 261: California Climate Disclosure Rules

2021 – NASDAQ’S BOARD DIVERSITY RULE

2024 – New York’s SB S897C and SB 5437-  climate-related financial disclosure (proposed)

2024 -Washington’s SB 6092 Environment, Energy & Technology disclosure (proposed)

2024 – Illinois’ HB 4268 (proposed)

2024 – Minnesota’s SF 2744 (proposed)

1972 – Clean Water Act

1966 – Civil Rights Act of 1964 (EEO 1 Component 1 report)