According to the latest report from the United Nations Global Compact Spain, titled Sustainability in IBEX Companies: 2023 Analysis, the environmental commitment of the IBEX 35 stock market companies has reached significant new milestones. The report highlights a major advancement in the commitment to reducing CO2 emissions, with 100% of companies now reporting emissions, compared to 86% in 2022. Additionally, 86% of these companies have set a specific year to achieve carbon neutrality, demonstrating the growing commitment of the business sector to combatting environmental instability.
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For most companies, the largest figure in the carbon inventory is not the office, the vehicle fleet, or the electricity bill. It sits upstream, in the goods and materials a business buys to make and sell its products. These purchased inputs form the bulk of a company’s Scope 3 emissions, which routinely exceeds everything the business controls directly, and can add up to 90% of their global footprint.
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