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  "documentTitle": "Accelerating net zero 2050",
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  "notes": "The chart compares two periods: 2011-2020 and 2011-2019 to isolate the impact of the pandemic.",
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      "text": "On average, companies that have set full net zero targets managed to cut operational emissions by 18% between 2011 and 2020.",
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      "text": "Relative change in average company absolute Scope 1+2 emissions Grouped by target status, %",
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      "text": "Notes: ^ Companies without emissions data in both 2011 and 2020 are not included in the samples here. ° This group either had no reduction targets whatsoever, or had some emissions targets but not related to any form of carbon neutrality across any scope.",
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      "text": "On average, companies that have set full net zero targets managed to cut operational emissions by 18% between 2011 and 2020. Targets have a disciplining effect. Segmenting companies by the presence of emissions targets shows that net zero targets tend to work at getting companies to focus on cutting emissions. The pandemic had an overall dampening effect on emissions though. Those with Scope 1 and 2 targets also saw on average a decrease in their emissions over this period, but to a much lesser degree. To eliminate the pandemic effect, we also tested emissions reduction to 2019. The only group to have cut emissions in this period were those with net zero targets.",
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