Our second CO2 AI by BCG survey finds that, while organizations around the globe recognize the need to measure and reduce their emissions, most have made little progress over the past year. The inability to measure their emissions accurately and comprehensively—especially external (Scope 3) emissions—is a major hurdle. Other key findings from the survey:
  • More than 70% of organizations foresee at least $1 million dollars in annual benefits from emissions reduction, and 37% anticipate annual benefits of $100 million or more.
  • Although businesses that measure their emissions comprehensively are more likely to reduce them, just 10% of respondents say that they measure their Scope 1, Scope 2, and Scope 3 emissions, compared with 9% in 2021.
  • Respondents estimate that their emissions are subject to an average error rate of 25% to 30%. And just 12% of organizations consider Scope 3 measurement a top priority.
To improve the accuracy of their emissions measurements, businesses need to invest in digital solutions, such as CO2 AI by BCG, that can rigorously measure, track, and reduce their emissions at scale. Companies that have done so are 2.2 times as likely as their peers to measure their emissions comprehensively and 1.9 times as likely to reduce emissions in line with their ambitions.

View the accompanying slideshow to learn more about our survey results.

Technology Is the Fast Track to Net Zero Hero Rectangle