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87 companies commit to set climate targets aligned with 1.5°C scenario at UN Climate Action Summit

Author: UN Global Compact, Published on: 24 September 2019

87 major companies... are taking action to align their businesses with what scientists say is needed to limit the worst impacts of climate change. Responding to a call-to-action issued in June by a group of business, civil society and UN leaders, the companies ...have committed to set climate targets across their operations and value chains aligned with limiting global temperature rise to 1.5°C above pre-industrial levels and reaching net-zero emissions by no later than 2050...“It is encouraging to see many first-movers in the private sector align with civil society and ambitious Governments by stepping up in support of a 1.5°C future,” said [UN Secretary-General António Guterres]. “Now we need many more companies to join the movement, sending a clear signal that markets are shifting.” Of the 87 companies, the following already have verified 1.5°C-aligned reduction targets covering greenhouse gas emissions from their operations: AstraZeneca, BT, Burberry Limited, Deutsche Telekom AG, Dexus, Elopak, Hewlett Packard Enterprise, Intuit, Levi Strauss & Co., L’Oréal, Schneider Electric, SAP, Signify, Sodexo, The Co-operative Group and Unilever..."Warming beyond 1.5°C is a calamity we simply must not risk,” said Andrew Steer, SBTi Board Member and President and CEO of World Resources Institute. “Science-based targets provide a blueprint for companies to make a clear contribution to meeting the goals of the Paris Agreement, but we need all hands on deck. There is not a minute to lose.”

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Related companies: América Movil AstraZeneca Atlassian Bharti Airtel BT Burberry Co-operative Group Danone Deutsche Telekom Dexus Electrolux Energias de Portugal (EDP) Ericsson Firmenich Glovo Guess HP (Hewlett-Packard) IKEA International Flavors & Fragrances Intuit Klabin L'Oreal Levi Strauss Nepal Tea Development Corporation Ltd (NTDC) (Triveni Group) Nestlé Nokia Novo Nordisk (part of Novo Group) NRG Energy Orange Reliance Industries Saint-Gobain SAP Scania Schneider Electric Seventh Generation Signify Sodexo Suez Swiss Re Unilever Wipro