This first edition of the Net-Zero Industry Tracker report sets the World Economic Forum’s ambition to establish a robust tracking platform that supports the emergence of low-carbon industries by the decade’s end. Industrial sectors account for nearly 40% of global energy consumption and more than 30% of global greenhouse gas emissions. The transformation of these sectors is pivotal to reaching net-zero emissions by 2050. While efforts are under way and commitments are being made, the reality of net-zero for these industries is lagging and extrapolating from today’s speed of progress will fall far short. It is time to close the gaps with timely and consistent monitoring of industrial decarbonization.