AWARDS REVIEW
THE NET ZERO AWARD
The Net Zero Award commends the innovative companies at the forefront of advancing the transition to a net-zero economy .
These companies have all shown commitment to industry emissions reduction , implemented net zero innovations or initiatives and seen tangible results in reducing their Scope 1 , 2 and 3 emissions .
Beyond this , the companies support partner , customer and supplier emissions reductions and in turn have a considerable impact on the global mission to emission reduction .
THE WINNER : KLARNA
Klarna has embarked on an ambitious journey towards net zero , setting a new benchmark for corporate climate action .
The heart of Klarna ’ s efforts is its commitment to fully decarbonise its value chain by 2040 , with an interim target of halving emissions by 2030 .
The company has already made significant strides , reducing its combined Scope 1 , 2 and 3 emissions by 25 % in 2023 compared to the previous year .
Perhaps most notably , Klarna has implemented a pioneering internal carbon tax , which raised US $ 2m in 2023 alone .
This voluntary levy has generated a total of US $ 7m since 2021 , channelled into the Climate Transformation Fund ( CTF ).
SHORTLISTED COMPANIES
• Dubai Municipality
• DP World
• Barclays
• Klarna
• Mitie
HIGHLY COMMENDED
• Dubai Municipality
• DP World
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112 October 2024