Delivering on the European Green Deal A Private Sector Perspective 2025

GHG emissions of European companies (tCO2e, billions) Forecasted CO2 emissions of the European Union (tCO2) and European manufacturing sector (tCO2e)FIGURE 2 FIGURE 3Scope 1 + 2 Scope 3012345678910GHG emissions (tCO2e*, billions) 2019 2020 2021 2022 2023-28% 1.46 1.26 1.26 1.16 1.057.55 7.56 7.73 7.43 7.53 EU: IEA Announced Pledges Scenario EU: IEA Stated Policies Scenario Manufacturing sector: forecast Manufacturing sector: target500 010001500200025003000EU emissions (tCO2, millions) 30 204050607080 Manufacturing sector emissions (tCO2e, millions) 10 0 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 2046 2048 2050*tonnes of CO2 equivalent. Note: Sample size: N = 351. Source: Accenture analysis; ESG Book. Note: Stated policies scenario represents current emission reduction trajectory, announced pledges scenario represents adherence to national energy and climate targets. Source: International Energy Agency (IEA). (2024). World Energy Outlook 2024; SBTi, ESG Book; Accenture analysis.Although the drop in emissions over the last few years seems significant, it is not sufficient to achieve net zero by 2050 in alignment with the EGD and its associated Climate Law. According to the International Energy Agency, with the current reduction trajectory, around 30% of today’s emissions of the EU will remain by 2050.24 The situation is similar for analysed European companies from the manufacturing sector, although in this case, 45% of current emissions are forecasted to remain in 2050.25 Delivering on the European Green Deal: A Private Sector Perspective 8