Report shows that global greenhouse gas emissions are still increasing, Chinese and foreign companies accelerate climate action

The Center for Public Environmental Studies (IPE) recently released the annual report on the Green Supply Chain CITI Index and the Supply Chain Climate Action CATI Index in Beijing, showing that the green procurement requirements of leading Chinese and foreign companies have driven a decline in supply chain emissions, but to cope with the increasingly severe global ecological environment and climate challenges, more industry leaders must strengthen coordinated emission reduction with upstream supply chains.

The "2024 Emissions Gap Report" released by the United Nations Environment Program in October 2024 pointed out that global greenhouse gas emissions must be reduced by 42% in 2030 and 57% by 2035, otherwise the Paris Agreement's 1.5°C target will be in a few years It turned into smoke.

Although more than 150 countries and regions around the world have made carbon neutrality commitments, covering more than 80% of the world's carbon dioxide emissions, GDP and population, and global solar power generation capacity continues to increase, energy shortages and geopolitical tensions continue to intensify. Major economies have released fossil energy production capacity to strengthen energy resource security, food security and industrial and supply chain security. Global greenhouse gas emissions continue to increase.

The 2024 CITI and CATI index evaluations cover 780 Chinese and foreign companies in 23 industries. The 2024 CATI Index evaluation shows that in the face of severe climate situations, Chinese and foreign companies have accelerated their climate actions, and the number of companies that publicly disclose their climate commitments, organizational and product carbon footprints, and full value chain climate goals has increased significantly.

The 2024 CITI evaluation shows that more Chinese and foreign companies are expanding environmental management upstream of the supply chain, encouraging suppliers to fulfill their main responsibilities of ecological and environmental protection, and reducing environmental impacts and carbon footprints. A group of core suppliers in the industry have established a green supply chain management system that is capable of leading brands, and driven their own industrial chains to coordinate the promotion of green and low-carbon transformation.

Ma Jun, director of the Center for Public Environmental Research, said that in order to evaluate companies 'performance in responding to the severe "triple global crises" of global climate change, biodiversity loss and environmental pollution, IPE includes biodiversity protection and new indicators in this green supply chain CITI index, and plans to gradually refine and expand them.