1、 Waking the giants:Insights on the decarbonisation and just transition efforts of the heavy industries Insights report June 2024 Waking the giants:Insights on the decarbonisation and just transition efforts of the heavy industries 2024 Insights Report 2 Table of contents The 2024 Climate and Energy
2、Benchmark for the heavy industries .3 Keystone companies in the 2024 Heavy Industries Benchmark.5 Summary of results.7 Five key findings.11 Key finding 1:Companies need to triple efforts to reduce emissions intensity and align with 1.5C in the next five years.11 Key finding 2:Net zero will be imposs
3、ible unless companies radically increase investments to make low-carbon technologies market ready.12 Key finding 3:Good practices for strong transition plans exist,but need to be emulated by major players and laggards alike.13 Key finding 4:Top performers in the sector demonstrate a just transition
4、is feasible,but the majority struggles to keep pace.14 Key finding 5:Companies fail to show even basic commitment and actions to ensure responsible business conduct.15 Technical summary.17 Targets.17 Emissions performance.19 Investments.21 Climate governance and oversight.23 Transition planning and
5、scenario analysis.25 Supplier and client engagement.27 Trade associations and policy engagement.29 Low-carbon business activities.30 Appendix:Companies in the Heavy Industries Benchmark 2024.34 About the World Benchmarking Alliance.36 Waking the giants:Insights on the decarbonisation and just transi
6、tion efforts of the heavy industries 2024 Insights Report 3 The 2024 Climate and Energy Benchmark for the heavy industries Heavy industries of aluminium,cement and iron&steel accounted in 2022 for about 19%of global energy-related CO2 emissions.Known for their hard-to-abate emissions,they play a cru