Mind the gap: To what extent are Danish early adopters of science- based targets addressing impacts across their products' life cycles?

Value chain emissions constitute the largest share of most company's greenhouse gas (GHG) inventory, making their reduction essential for achieving science-based targets (SBTs) and supporting global climate goals. This study analyses the decarbonization efforts of six Danish early adopters of SBTs, focusing on their strategies to reduce emissions across product life cycles and value chains. Based on publicly disclosed data from company reports and responses to the CDP Climate Change Questionnaires, the findings reveal a primary focus on Scope 1 and 2 emissions, with limited efforts targeting value chain emissions (i.e., Scope 3) during the early years following target setting. The study highlights significant gaps between the reductions required to meet targets and the reported impact of current and planned strategies, with shortfalls ranging from 17% to 75% of current inventory levels. Additionally, the study highlights inconsistencies and gaps in company disclosures making it difficult to assess actual progress. To close these gaps, there is a need for more knowledge on how companies can accelerate value chain decarbonization - such as through circular economy strategies - and improved transparency in reporting. Enhanced corporate action and disclosure are critical to aligning with SBT commitments and ensuring meaningful climate progress.