Science Based Targets initiative gives companies a credible target to meet COP21 objectives

Author: CDP, UN Global Compact, World Resources Institute, and WWF, Published on: 13 June 2016

"Over 150 Companies Commit to Set Ambitious Science-Based Emissions Reduction Targets," 4 May 2016

On the eve of the Climate Action Summit…the Science Based Targets initiative announced that 156 companies have committed to set emissions reduction targets in-line with the global effort to keep warming well below 2°C. These commitments form the foundation of a credible corporate climate action strategy as the world transitions to the low-carbon economy…Of the 154 companies signed on to the initiative, 13 have already had their emissions reductions targets reviewed and approved by the experts at the Science Based Targets initiative. This means the targets are aligned with the decarbonization necessary to limit warming to below 2°C and meet other best-practice criteria defined by the initiative…These companies have also made ambitious commitments to reduce emissions throughout their value chains…Galya Tsonkova, Environment Manager for Coca-Cola HBC, explains that “In the past, companies would set targets without the necessary information or a solid point of reference…Now, we have a target that is approved by external, credible experts...” [Also refers to Ben & Jerry’s, Metro Group, Owens Corning, Schneider Electric, SunPower Corporation, and Toyota Motor Corporation.]

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Related companies: Ben & Jerry's (part of Unilever) Coca-Cola Metro Group Owens Corning Schneider Electric SunPower Toyota Unilever