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Article

17 Dec 2019

Author:
United Nations Global Compact, the Science Based Targets initiative (SBTi) and the We Mean Business coalition

177 companies commit to set 1.5°C- targets across their operations and value chains

"At COP 25, corporate climate movement grows exponentially as new companies announce plans to align with a 1.5°C future", 11 December 2019

As part of the “Business Ambition for 1.5°C — Our Only Future” campaign, new signatories have pledged to set climate targets that align with limiting global temperature rise to 1.5°C above pre-industrial levels and reaching net-zero emissions by no later than 2050. The 177 companies collectively represent over 5.8 million employees, spanning 36 sectors and with headquarters in 36 countries... "We need businesses to unite behind the science by taking rapid and ambitious action across their operations and value chains,” said UN Secretary-General António Guterres. “[T]hese companies are pioneering new ways of doing business and driving systemic change throughout the global economy."...Lise Kingo, CEO and Executive Director of the UN Global Compact, one of the SBTi partners [said,] "As countries prepare to enhance their national climate action plans next year, business leaders have a critical role to play in challenging Governments to urgently match their climate ambitions."