President & CEO

<div><p>This report compares the 141 companies led by the members of the World Economic Forum’s Alliance of CEO Climate Leaders (Alliance) on climate crisis action and leadership, measured through participation in the independent Science Based Targets initiative (SBTi), the Climate Group’s RE100 and EP100 initiatives as well as the Net-zero Data Public Utility (NZDPU). Where available, Net Zero Tracker data is included in order to compare corporate pledges and claims to verified and validated targets. Companies making more and better commitments, setting more and better independently verified or validated targets and disclosing more emissions data, rank higher.</p>
<em><p>As with all Spendwell reports, subsidiaries are represented by their parent company.</p></em>
<br /><div className="report-summary-title"><h3>Key Findings</h3></div>
<ul>
<li><h4><strong>NEW: </strong>EMISSIONS DISCLOSURE</h4>Two thirds or 94 out of 141 Climate Leader companies are currently disclosing five or more years of emissions data through the NZDPU. 115 of these Alliance companies or about 82% of them are participating in the NZDPU at some level of disclosure.</li>

<li><h4>SCIENCE-BASED ZERO</h4>Almost half or 66 of these companies have set science-based zero targets with SBTi, the collaborative climate commitment program supported by the United Nations. Another six have active commitments to set science-based zero targets with SBTi.</li>

<p><h4>2040 OR EARLIER TARGET DATES</h4>32 or about 23% have science-based zero target years set for 2040 or earlier.</p>

<p><h4>MAJOR GREENWASHING</h4>Six of these 141 companies have removed themselves from a UN-convened net-zero alliance or initiative, having spent years leading their investors, consumers and the general public to believe they were committed to net-zero.</p>

<p><h4>MISSED DEADLINES OR REMOVAL</h4>22 or about 14% of these companies committed to setting science-based zero targets with SBTi, but have subsequently been removed from SBTi’s net-zero commitment list.</p>

<li><h4>NEAR-TERM</h4>Two-thirds or 94 companies have managed to set near-term targets with SBTi with four more committed to doing so.</li>

<li><h4>RENEWABLE ENERGY</h4>61 (43%) of Alliance companies have made a commitment with a target year to 100% renewable energy through Science Based Targets or Climate Group’s RE100 initiative.</li>

<li><h4>ENERGY EFFICIENCY</h4>Just 10 companies have set energy efficiency targets with Climate Group’s EP100 initiative.</li></ul></div>


ceo climate leader companies outperforming net-zero initiatives

<div><p>This report compares the 114 member companies of the UN-convened Fashion Industry Charter for Climate Action (FICCA) on climate crisis action and leadership, measured through participation in the independent Science Based Targets initiative (SBTi), the Climate Group’s RE100 and EP100 initiatives as well as the Net-zero Data Public Utility (NZDPU). Where available, Net Zero Tracker data is included in order to compare corporate pledges and claims to verified and validated targets. Companies making more and better commitments, setting more and better independently verified or validated targets and disclosing more emissions data, rank higher.</p>
<em><p>As with all Spendwell reports, subsidiaries are represented by their parent company.</p></em>
<br />
<div className="report-summary-title"><h3>Key Findings</h3></div>

<ul>
<li><h4>EMISSIONS DISCLOSURE</h4>28 out of 114 (25%) FICCA companies are currently disclosing five or more years of emissions data through the NZDPU. In total, barely over half  (59 companies) Charter companies are disclosing through the NZDPU at all.</li>

<li><h4>SCIENCE-BASED ZERO</h4>Just 30  (26%) FICCA companies have set science-based zero targets with SBTi, the collaborative climate commitment program supported by the United Nations. Another two companies have active commitments to set science-based zero targets with SBTi.</li>

<p><h4>2040 OR EARLIER TARGET DATES</h4>Only 13 (11%) of these companies have science-based zero target years set for 2040 or earlier.</p>

<p><h4>MISSED DEADLINES & REMOVAL</h4>Conversely, seven of these companies committed to setting science-based zero targets with SBTi, but failed to set approved targets within the commitment time frame (a minimum of 2 years).</p>

<li><h4>NEAR-TERM</h4>54 (47%) companies have managed to set near-term targets with SBTi with another three committed to doing so.</li>

<li><h4>RENEWABLE ENERGY</h4>Just three of these companies have made a commitment with a target year to 100% renewable energy through Science Based Targets or Climate Group’s RE100 initiative.</li>

<li><h4>ENERGY EFFICIENCY</h4>None of these companies have set energy efficiency targets with Climate Group’s EP100 initiative.</li></ul></div>

<div><p><h4>Why 280?</h4>In May of 2025, the monthly atmospheric concentration of CO&#8322; averaged above 430 ppm for the first time in human history as <a href=”https://gml.noaa.gov/ccgg/trends/” target=”_blank”>measured by NOAA at Mauna Loa</a>. <em>Before the industrial revolution, atmospheric CO&#8322; hovered around 280 ppm.</em></p></div>


net-zero fashion charter companies fashionably late on targets & emissions disclosure

<div><p>This report compares the 145 past and present member banks of the UN-convened Net-zero Banking Alliance (NZBA) on climate crisis action and leadership, measured through participation in the independent Science Based Targets initiative (SBTi), the Climate Group’s RE100 and EP100 initiatives as well as the Net-zero Data Public Utility (NZDPU). Where available, Net Zero Tracker data is included in order to compare corporate pledges and claims to verified and validated targets. Companies making more and better commitments, setting more and better independently verified or validated targets and disclosing more emissions data, rank higher.</p>
<em><p>As with all Spendwell reports, subsidiaries are represented by their parent company.</p></em>
<br />
<div className="report-summary-title"><h3>Key Findings</h3></div>

<ul>
<li><h4><strong>NEW: </strong>EMISSIONS DISCLOSURE</h4>Less than half or 69 out of 145 NZBA companies are currently disclosing five or more years of emissions data through the NZDPU.</li>

<li><h4>SCIENCE-BASED ZERO</h4>Just one out of 145 NZBA companies have set science-based zero targets with SBTi, the collaborative climate commitment program supported by the United Nations. Another 15 have active commitments to set science-based zero targets with SBTi.</li>

<p><h4>2040 OR EARLIER TARGET DATES</h4>One NZBA company has science-based zero target years set for 2040 or earlier.</p>

<p><h4>MAJOR GREENWASHING</h4>23 (16%) of these 145 companies have removed themselves from this UN-convened net-zero alliance, having spent years leading their investors, consumers and the general public to believe they were committed to net-zero.</p>

<p><h4>MISSED DEADLINES OR REMOVAL</h4>Four of these companies committed to setting science-based zero targets with SBTi, but have subsequently been removed from SBTi’s net-zero commitment list.</p>

<li><h4>NEAR-TERM</h4>20 (14%) companies have managed to set near-term targets with SBTi with 13 more committed to doing so.</li>

<li><h4>RENEWABLE ENERGY</h4>31 (22%) of these companies have made a commitment with a target year to 100% renewable energy through Science Based Targets or Climate Group’s RE100 initiative.</li>

<li><h4>ENERGY EFFICIENCY</h4>Just five companies have set energy efficiency targets with Climate Group’s EP100 initiative.</li></ul></div>


poor emissions disclosures for net zero banking alliance members, past and present

<div><p>This report compares the 280 largest European Single Market companies on climate crisis action and leadership, measured through participation in the independent Science Based Targets initiative (SBTi), the Climate Group’s RE100 and EP100 initiatives as well as the Net-zero Data Public Utility (NZDPU). Where available, Net Zero Tracker data is included in order to compare corporate pledges and claims to verified and validated targets. Companies making more and better commitments, setting more and better independently verified or validated targets and disclosing more emissions data, rank higher.</p>
<em><p>As with all Spendwell reports, subsidiaries are represented by their parent company.</p></em>
<br />
<div className="report-summary-title"><h3>Key Findings</h3></div>

<ul>
<li><h4>EMISSIONS DISCLOSURE</h4>170 out of 280 (61%) major European companies are currently disclosing five or more years of emissions data through the NZDPU. In total, just three-quarters (209 companies) of major European companies are disclosing through the NZDPU at all, despite most, if not all of these companies, having ready access to this data.</li>

<li><h4>SCIENCE-BASED ZERO</h4>Just 81 (29%) of Europe’s 280 largest companies have set science-based zero targets with SBTi, the collaborative climate commitment program supported by the United Nations. Another 14 companies have active commitments to set science-based zero targets with SBTi.</li>

<p><h4>2040 OR EARLIER TARGET DATES</h4>Only 30 (11%) common market companies have science-based zero target years set for 2040 or earlier.</p>

<p><h4>MISSED DEADLINES & REMOVAL</h4>Conversely, 22 of these 280 companies committed to setting science-based zero targets with SBTi, but failed to set approved targets within the commitment time frame (a minimum of 2 years). SBTi has already removed 19 of these companies from their commitments list.</p>

<p><h4>PLEDGES & CLAIMS VS. VALIDATED</h4>Of these 22 companies that have failed to have their science-based zero targets scientifically validated by SBTi, at least 19 have recently made net-zero or similar claims or pledges in their own company promotional materials, according to data reported by Net Zero Tracker.</p>

<li><h4>NEAR-TERM</h4>162 (58%) companies have managed to set near-term targets with SBTi with another 14 committed to doing so.</li>

<li><h4>RENEWABLE ENERGY</h4>66 (24%) of these companies have made a commitment with a target year to 100% renewable energy through Science Based Targets or Climate Group’s RE100 initiative.</li>

<li><h4>ENERGY EFFICIENCY</h4>Just seven companies have set energy efficiency targets with Climate Group’s EP100 initiative.</li></ul></div>

<div><p><h4>Why 280?</h4>In May of 2025, the monthly atmospheric concentration of CO&#8322; averaged above 430 ppm for the first time in human history as <a href=”https://gml.noaa.gov/ccgg/trends/” target=”_blank”>measured by NOAA at Mauna Loa</a>. <em>Before the industrial revolution, atmospheric CO&#8322; hovered around 280 ppm.</em></p></div>


too many major european companies skipping basic emissions disclosure

<div><p>This report compares the 313 past and present member companies of the UN-convened Net-zero Asset Managers Initiative (NZAMI) on climate crisis action and leadership, measured through participation in the independent Science Based Targets initiative (SBTi), the Climate Group’s RE100 and EP100 initiatives as well as the Net-zero Data Public Utility (NZDPU). Where available, Net Zero Tracker data is included in order to compare corporate pledges and claims to verified and validated targets. Companies making more and better commitments, setting more and better independently verified or validated targets and disclosing more emissions data, rank higher.</p>
<em><p>As with all Spendwell reports, subsidiaries are represented by their parent company.</p></em>
<br />
<div className="report-summary-title"><h3>Key Findings</h3></div>

<ul>
<li><h4>EMISSIONS DISCLOSURE</h4>71 out of 313 NZAMI companies are currently disclosing five or more years of emissions data through the NZDPU. In total, less than a third (104 companies) of NZAMI members are disclosing through the NZDPU at all.</li>

<li><h4>SCIENCE-BASED ZERO</h4>Just five out of 313 NZAMI companies have set science-based zero targets with SBTi, the collaborative climate commitment program supported by the United Nations. Another 16 have active commitments to set science-based zero targets with SBTi.</li>

<p><h4>2040 OR EARLIER TARGET DATES</h4>Four NZAMI companies have science-based zero target years set for 2040 or earlier.</p>

<p><h4>MAJOR GREENWASHING AND REMOVALS</h4>Over four times as many NZAMI members (17) have removed themselves from this or another UN-convened net-zero initiative, failed to set committed-to SBTi targets or both.</p>

<li><h4>NEAR-TERM</h4>21 asset managers have managed to set near-term targets with SBTi with 11 more committed to doing so.</li>

<li><h4>RENEWABLE ENERGY</h4>11 of these companies have made a commitment with a target year to 100% renewable energy through Science Based Targets or Climate Group’s RE100 initiative.</li>

<li><h4>ENERGY EFFICIENCY</h4>Just two NZAMI members have set energy efficiency targets with Climate Group’s EP100 initiative.</li></ul></div>


net zero asset managers pause a lot of inaction

<div><p>This report compares the 97 companies that constitute the Corporate Alliance for the World Economic Forum’s First Movers Coalition, a global coalition of companies leveraging their purchasing power to decarbonize the world's heavy-emitting sectors. The report compares these companies on climate crisis action and leadership, currently measured through participation in the independent Science Based Targets initiative (SBTi) as well as Climate Group’s RE100 and EP100 initiatives. These initiatives represent some of the only globally applicable and accessible, completely independent climate target verification and validation programs for corporate energy efficiency, renewable energy, near-term and net-zero. Where available, Net Zero Tracker data is included in order to compare corporate pledges and claims to verified and validated targets. Companies making more and better commitments and setting more and better independently verified or validated targets, rank higher.</p>
<p>Future quarterly and year-end updates to this report will include relevant new independent initiatives and programs as they emerge. It is anticipated that emissions disclosure and progress will be incorporated into this ranking and report in 2025, for example. See the Methodology section of this report for more information.</p><p><em>Moeve is a new addition to the First Movers Coalition and will be included in reports starting Q2, 2025. Companies are represented in this report by their parent company and governmental institutions, like the University of Michigan, are not currently tracked by Spendwell.</em></p>

<div className="report-summary-title"><h3>Key Findings</h3></div>


<ul><li><h4>SCIENCE-BASED ZERO</h4>Just 31 (32%) of the Coalitions’s 97 tracked companies have set science-based zero targets with SBTi, the collaborative climate commitment program supported by the United Nations. Another six companies have active commitments to set science-based zero targets with SBTi.</li>

<p><h4>2040 OR EARLIER TARGET DATES</h4>Twelve (12%) First Movers have science-based zero target years set for 2040 or earlier.</p>

<p><h4>MISSED DEADLINES & REMOVAL</h4>Conversely, 17 (18%) of these 97 companies committed to setting science-based zero targets with SBTi, but failed to set approved targets within the commitment time frame (a minimum of 2 years). SBTi has already removed some of these companies from their commitments list.</p>

<p><h4>PLEDGES & CLAIMS VS. VALIDATED</h4>Of these 17 companies that have failed to have their science-based zero targets scientifically validated by SBTi, at least 15 have recently made net-zero or similar claims or pledges in their own company promotional materials, according to data reported by Net Zero Tracker or in some instances, reported by Spendwell.</p>

<li><h4>NEAR-TERM</h4>57 (59%) companies have managed to set near-term targets with SBTi with another four committed to doing so.</li>

<li><h4>RENEWABLE ENERGY</h4>23 (24%) of these companies have made a commitment with a target year to 100% renewable energy through Science Based Targets or Climate Group’s RE100 initiative.</li>

<li><h4>ENERGY EFFICIENCY</h4>Just five companies have set energy efficiency targets with Climate Group’s EP100 initiative.</li></ul></div>


World economic forum corporate first movers still moving backwards on climate

Only 1 of Kansas City’s 11 largest companies, T-Mobile USA, has set net-zero targets with the Science Based Targets initiative (SBTi), the collaborative climate commitment initiative initially anchored and currently supported by the United Nations. Just 2 of these 10 companies have made commitments to 100% renewable energy through the SBTi or Climate Group’s RE100 initiative. None of these companies have committed to setting advanced energy efficiency targets through Climate Group’s EP100 initiative and only 3 of these 10 companies have set enough targets for the SBTi to effectively grade their commitments on a future-temperature alignment scale. This report compares the 10 largest metro Kansas City-headquartered companies on their commitments to climate emergency action and leadership, as measured through the independent SBTi as well Climate Group’s independent RE100 and EP100 initiatives. Companies making more and better commitments and setting more and better targets, rank better.

office supply stores

These rankings are weighted.

Office Depot

1/3

Staples

2/3

Amazon

3/3

office supply stores

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