Companies
EcoMap
Adding the costs of their climate impacts to corporate financial statements
The pioneering nonprofit data platform that uncovers the environmental and societal costs of corporate emissions is now available.
EcoMap’s analysis reveals:
📉 ~34% of global corporate operating profit is equivalent to the environmental cost of Scope 1 & 2 emissions alone. When including Scope 3, this figure surpasses 1.7x total operating profit.
📊 Covering ~20,000 companies, 86 countries, and 381 industries, EcoMap transforms environmental impacts into financial insights—enabling assessments of environmental efficiency, performance benchmarking, and decoupling rates.
🔍 Developed in partnership with Norwegian School of Economics, MSCI Sustainability Institute, and International Foundation For Valuing Impacts (IFVI), EcoMap provides transparent, academically rigorous data to drive impact-aware decision-making.
🌍 Free from commercial influence, EcoMap makes environmental impact understandable for all stakeholders.
💡 Explore the findings and access the database here: www.ecomap.org
Initiators
Gunnar Eskeland Kaja Dahl Johnsen Hanna Roll Koppang Dan Le Henrik Sommerseth Kaja Mazarino Håkonsen Yann Robiou du Pont Ellina Knudsen
Advisory Board
Tobias Fleischer • Jacqueline af Ugglas • Kennedy Mbeva • Christian Jebsen • Tomas Rosales • John Knights • Nicholas Balestrini • Shiyu Yan • Rumi Mahmood • Bjørn Malm • Richard Blundell • Andrew Merrie • Endre Kildal Iversen • Dennis West • Pontus Ferno, CFA • Mirre Stevens • Erik Bjørstad • Ståle Navrud
Article: Corporate emissions targets and the neglect of future innovators.
What can be considered as Paris Aligned emissions target or contribution from companies?
Well, it’s not that simple…
Emissions targets and trajectories are insufficient to assess the climate ambition of companies. Stronger market-wide regulations are needed to limit collective emissions, mainstream best-practices and stimulate green innovation.
- In this piece, we explain that top-down formulas that allocate the remaining emissions space across existing companies distorts competition in favour of incumbents at the expense of future innovators.
- A formula seeking to account for future companies inherently requires assumptions regarding market composition, possibly impacting competition and innovation.
- Conceptually, the absence of a meaningful quantitative approach to determine Paris-aligned emissions reflects the fact that we do not know what is needed from individual companies in the transition. The mitigation solutions needed to achieve the Paris mitigation scenarios put forward in IPCC reports do not exist yet, and we need innovation to realise a rapid decarbonisation.
- Previous research has shown that the pressure from observers and regulators decreases on an actor that adopts even an unambitious voluntary target. Relying on voluntary targets is insufficient.
- Regulating emissions targets for individual companies should not negatively affect the increase of green innovation and the production of needed green solutions (e.g. solar panels).
- Emissions targets are insufficient to capture the role and ambition of individual companies in the transition, and may negatively impact future innovators.
- We challenge the claim that the emissions targets of Science-Based Targets are Paris Aligned based on science. Assessing Paris-alignment for companies (including for the CSDDD) needs to consider more than emissions targets.
- We highlight that market regulations are needed to both stimulate innovation that decarbonise production, and to cap the total market emissions possibly with demand-side measures.
- Market regulators need to consider the usefulness of products and innovation for the transition, in light of the best-available science,
- Independent initiatives can help assess best practices and convey the most ambitious companies' needs to regulators and assess the collective consistency of companies' strategies.
Yann Robiou du Pont, Joeri Rogelj, Angel Hsu, Detlef van Vuuren, and Andreas G. F. Hoepner. Corporate emissions targets and the neglect of future innovators. Science 384, 388-390 (2024). https://www.science.org/doi/10.1126/science.adl5081, free reading access here.