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Ceres Ambition 2030 Sector Dashboard

Through Ceres Ambition 2030, we evaluate carbon emissions disclosure and goals across the initiative’s priority sectors. Companies are assessed against the Ceres Ambition Spectrum, which evaluates the robustness of climate and clean energy commitments and identifies key steps a company must take to reach a clean energy economy. 

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Last updated December 2023


Using publicly available data, we analyze pollution reduction targets and disclosure of more than 400 companies in six of the highest carbon intensive sectors of the U.S. economy: banking, oil and gas, steel, electric power, transportation, and food.   

 

Our analysis shows a significant number of companies moved from having no goals in 2022 to having goals that cover at least a portion of the emissions (partial GHG goals) in 2023. However, we only see small increases in companies with net zero, near term science-aligned goals, and robust 1.5°C aligned goals from 2022 to 2023, indicating that these sectors are not moving quickly enough to reduce overall pollution. 

Our analysis of disclosure across the sectors shows only minimal improvements. Some 36% of the 449 companies assessed have no public disclosure across Scope 1, 2, or 3, a slight decline from the 43% of companies without disclosure in 2022. However, we still see only 19% of companies with full disclosure, indicating that more than 80% of the companies we assessed aren’t publicly disclosing their full climate risk to their stakeholders.

Banking 

The banking sector has seen minimal progress in GHG disclosures. While only 13% of banks assessed have no disclosure down from 17% in 2022, we still don’t have any banks that meet the full disclosure criteria, which includes reporting scope 3 category 15: investments.  

More banks are setting goals, with No Goals Discovered decreasing from 26% of assessed companies in 2022 to 17% of assessed companies in 2023. All of these companies moved into the Partial GHG Goals category, and we saw no movement towards Net Zero or Near Term Science Aligned goals. Banks are not currently assessed on Robust 1.5°C goals, as we are awaiting Science Based Targets initiative guidance for this sector and for additional US banks to be assessed by the Transition Pathways Initiative. 

Oil and gas 

Some 36% of oil and gas companies assessed have No Disclosure, while only 18% have Full Disclosure. However, we do see movement towards more disclosure from the previous year, with six fewer companies having No Disclosure and three companies moving into the Full Disclosure category.

   

We see some positive movement in the oil and gas sector on goal setting. While 71% of oil and gas companies had No Goals Discovered in 2022, that number dropped to 25% in 2023.  All of those companies moved into the Partial GHG Goals category, indicating that they now have renewable energy, energy efficiency, or methane goals. We do not see any additional companies setting Net Zero, Near Term Science Aligned, or Robust 1.5°C Aligned goals between 2022 and 2023.  Although oil and gas sector companies cannot set science-based targets through the Science Based Targets initiative, we assess near-term and robust goals using the Transition Pathway Initiative public listed equities assessment tool. 

Steel 

The steel sector has not shown any year-on-year progress from our 2022 and 2023 data. Most steel companies, 40%, fall within the Partial Disclosure bucket. 

The steel sector is the first sector where all companies assessed have at least partial GHG goals. All companies previously in the No Goals category have moved to Partial GHG Goals, which now includes 80% of the companies assessed. There has been no further progress within our assessment in companies that fall into Net Zero Goals, Near Term Science Aligned Goals, and Robust 1.5°C Aligned Goals categories.   

Electric power 

Some 46% of the electric power sector are in the Full Disclosure category, meaning that they disclose scope 1, 2, and, at a minimum, the most relevant scope 3 categories for their sector. We see minimal improvement across all disclosures, with fewer companies having No Disclosure and Minimal Disclosures and more having Partial Disclosure and Full Disclosure. Some 12% of electric power companies assessed still have No Disclosure. 

Electric power companies have also shown progress within our Goals Distribution Ambition Spectrum. Only 11% of electric power companies still have No Goals Discovered, down from 35% in 2022.  Most of those companies moved into the Partial GHG Goals category, meaning that they have set renewable energy, energy efficiency, or partial targets across scope 1 and 2. No progress has been observed in our more ambitious categorizations of Near Term Science Aligned and Robust 1.5°C Aligned goals.  

Transportation 

The transportation sector has seen modest progress with disclosure from 2022 to 2023. However, 44% of companies assessed still have No Disclosure while only 8% have Full Disclosure.   

The transportation sector has shown some progress on goal setting. The number of companies with No Goals Discovered dropped to 37% in 2023 from 60% in 2022. Most of those companies moved to the Partial GHG Goals bucket, but slight progress has also been seen with companies setting Net Zero Goals and Robust 1.5°C Aligned Goals.  Two companies with Near Term Science Aligned Goals in 2022 moved to Robust 1.5°C Aligned Goals in 2023.  

Food and beverage 

Through the Food Emissions 50 initiative, Ceres assesses companies in the North American food sector on their progress towards aligning with and accelerating the transition to a cleaner economy. Learn more ➜

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