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