More companies commit to low-carbon goals in line with Paris Agreement, according to new report
Author: Katie Kuehner-Hebert, Chief Executive, Published on: 4 November 2017
"Improving Emissions Targets: 'If Trump Won't Do It, We Will,' CEOs Say", 28 Oct 2017
More U.S. organizations —including Adobe, CVS Health, Gap, Nike and Merck— are taking climate change seriously and have committed to emissions reduction targets in line with the Paris Agreement, according to Picking up the pace: tracking progress on corporate climate action by CDP, a nonprofit global environmental disclosure platform.
This year, 151 corporates, representing 14 percent of a sample of 1,073 responding companies, have committed to science-based targets, an increase from 94 companies in 2016... More companies also are now mapping out their low-carbon future—89 percent have emission reduction targets this year... In a separate analysis, CDP ranked 160 companies as A-grade for their approaches to climate change, water and deforestation. Unilever and L’Oréal lead the way, both achieving As across all three areas on CDP’s 2017 Climate, Water and Forests A Lists.
“Climate change is already affecting companies – both through the direct impacts of steadily rising global temperatures and through the policies that governments around the world adopt in response,” says Unilever’s CEO Graeme Pitkethly. “At Unilever, we reduced CO2 from energy in manufacturing by almost two-thirds over the past two decades and have set a bold target of being carbon positive by 2030, committed to sourcing 100% of our energy from renewable sources.” [also refers to Adobe, AkzoNobel, AT&T, BT, CVS, EDP, Gap, GE, Intel, Nike, Nissan]