More than a third of companies in the S&P 500 have monetary incentives in place linked to company emissions reduction, although a lower proportion have climate-related compensation incentives for senior executives, and even fewer at the top executive ranks, according to a new study released by S&P Global.

The study, which included data from the S&P Global Sustainable1 Net-Zero Commitments Tracker dataset, as well as the S&P Global Corporate Sustainability Assessment (CSA), also found that less than half of large listed companies in the U.S. have set net zero targets, and that the companies’ climate goals focus primarily on Scope 1 and 2 emissions, with much lower ambitions on Scope 3 value chain emissions, which represents the majority of most companies’ carbon footprints. READ MORE