More than 300 companies commit to science based emission reduction targets to align operations with Paris Agreement goals

More than 300 companies, including 15 from the apparel sector, have committed to the Science Based Targets initiative that have set emission reduction targets consistent with global efforts to limit warming to well below 2 degrees Celsius.

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Article
26 September 2017

Gap, Nike, Levi’s among retailers joining initiative to tackle climate change

Author: Science Based Targets (USA)

18 Sept 2017
[At the 2017 Climate Week in New York] six top apparel companies announced that they are joining the Science Based Targets initiative. Gap Inc., Nike Inc., Levi Strauss & Co., Guess, Eileen Fisher and VF Corporation committed to set emission reduction targets consistent with global efforts to limit warming to well below 2 degrees Celsius... More than 300 companies, including 15 from the apparel sector, have committed to set ambitious emissions reduction targets through the Science Based Targets initiative, a partnership between CDP, WRI, WWF and the UN Global Compact... In addition to reducing emissions from their operations, companies... are required to set ambitious “scope 3” value chain targets when these emissions are significant... Most apparel companies have not been measuring and managing emissions upstream and downstream of their operations, where most of their emissions lie... “Aligning our greenhouse gas reduction goals with Science Based Targets is an important action we can take right now to protect the future of our planet,” said Victor Herrero, Chief Executive Officer and Director, Guess Inc.

[Refers to: Gap, Nike, Levi Strauss, Guess, Eileen Fisher, VF Corporation]

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Article
17 November 2016

200 companies commit to science based targets, surpassing expectations for corporate climate action

Author: World Resources Institute Press Release

16 Nov 2016

…[T]he Science Based Targets initiative announced that 200 companies have committed to set emissions reduction targets…to keep temperatures well below the 2-degree threshold…These 200 businesses…are responsible for 627 million metric tonnes of CO2 equivalent emissions per year, roughly equal to the annual emissions of South Korea…Companies setting science-based targets must seek to not only reduce emissions in their own operations, but also within their value chain. Measuring and managing these emissions spurs companies to identify reduction opportunities, collaborate with suppliers, move towards greener suppliers, improve energy efficiency of products, and rethink distribution networks…The 200 committed companies…represent a wide range of sectors, including food and beverage, pharmaceutical, automotive, and electric utilities…A recent report by CDP…found that although the large majority of companies have set targets to reduce emissions, in many cases the level of ambition and time horizon fall short of what is needed…to deliver on the goals of the Paris Agreement…

[Also refers to ADVA Optical Networking, Capitas Finance Limited, Cisco Systems, Coca Cola Enterprises, Dell, Diageo, General Mills, HSBC Holdings, Kellogg, Mediclinic Southern Africa, Legrand, Metsä Board Corporation, Motorola Solutions, NRG Energy, PepsiCo, Procter & Gamble, Sony, SunPower Corporation, Thalys, Verbund, and Walmart.]

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