Companies’ targeted emissions reduction falls short of the 1.5C goal

Targets of electric utility companies to reduce emissions are falling short of the 1.5°C goal. While we see that nearly half the companies have improved target ambition and disclosure since the 2020 benchmark, 47 of the 50 companies assessed have not aligned their targets with their 1.5°C pathway. Our assessments also evidence that the majority of companies’ low-carbon plans remain inadequate to bring about a rapid transition to low-carbon electricity generation.