Decarbonisation in hard-to-abate sectors is critical to achieving net zero—this transition is a focus of discussions at COP28.

The joint analysis conducted by CDP and BCG traces the progress and lingering challenges within the hardto-abate sectors: Chemicals, Steel, and Cement, which collectively account for approximately 20% of global emissions. This paper and the underlying analyses are exclusively focused on firms from these three hard-toabate sectors that are disclosing with CDP. The firms from these sectors disclosing with CDP have recorded an 18% surge in Scope 1 and 2 target setting since 2020, reflecting a positive stride towards action and accountability. A 4% reduction in absolute Scope 1 emissions from 2022 to 2023 founded, but the pace of change is yet to match the requisites of the 1.5°C global ambition.

Read the joint report for further insights.

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