UK: A new report claims the majority of refrigeration and air conditioning manufacturers lack defined climate targets, actions or plans strong enough to join the global Race To Zero campaign.
The new document, Cooling Suppliers: Who’s Winning the Race to Zero?, assesses 54 leading companies based on their annual sustainability reports and other external communication. Of the 54, only five have joined the Race to Zero. The majority are said to be far from having climate targets, actions or plans strong enough to join the race.
Compiled and published by the UK’s Carbon Trust and K-CEP, with support from the Cool Coalition and the Race to Zero campaign, the report seeks to provide a snapshot of the cooling industry’s climate commitments. This covers both the readiness to join the Race to Zero campaign and alignment with the recently published Cooling Climate Action Pathway to Net Zero.
Race To Zero is a global campaign to rally leadership and support from businesses, cities, regions, investors that join 120 countries in the largest ever alliance committed to achieving net zero carbon emissions by 2050 at the latest. The objective is to build momentum around the shift to a decarbonised economy ahead of COP26, where governments must strengthen their contributions to the Paris Agreement.
The five companies to have joined the Race To Zero are named as Schneider Electric, Electrolux, Danfoss, Johnson Controls and Orbia. Daikin is identified as being ready to join the race.
The report compilers maintain that eight suppliers are getting closer to being ready for joining the race as they’ve made significant steps either through formulating targets or have demonstrated strong actions and plans.
A further 24 are classified as “slow starters”, being characterised by the absence of a target and demonstrating slow action in addition to a lack of Scope 1, 2 or 3 disclosures.
Scope 1 covers direct emissions from a company’s owned or controlled sources, Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the company and Scope 3 includes all other indirect emissions that occur in a company’s value chain.
Ten companies are identified as not having any stated climate action.
The report also laments a disconnect between companies that are actively enabling the decarbonisation of the sector through the development of “natural” refrigerants and their climate commitments. “Most of these manufacturers haven’t made any commitment nor communicated their ambition to join the race despite their climate-friendly activity,” the report says.
“This is a potential easy win on natural refrigerants which looks like low hanging fruit – these suppliers need to raise their climate ambitions,” it adds.
The report observes that manufacturers located in countries with legally binding net zero commitments are more likely to have strong climate commitments.
However, it highlights Chinese manufacturers, which are at the bottom of the race despite being in a country with a commitment to carbon neutrality by 2060.
The report – Cooling Suppliers: Who’s Winning the Race to Zero? – can be viewed and downloaded here.