The number of companies that have signed up to the Science Based Targets initiative continues to rise and reached 200 this month. Participants agree to set emission reduction targets in line with global efforts to keep temperatures well below 2 degrees.
The 2-degree threshold is a key goal of the 2015 Paris Agreement on climate change.
“The momentum behind the Science Based Targets initiative proves that companies are ready, willing and able to take serious climate action”, said Lila Karbassi, Chief of Environment at the UN Global Compact.
Over two companies per week have joined the initiative since it was launched in May 2015, according to UN Global Compact, Carbon Disclosure Project (CDP), World Resources Institute (WRI) and WWF.
The 200 firms to date represent the equivalent of the total estimated value of the Tokyo stock exchange, and include names such as Coca Cola, Kellogg Company, Dell and Procter & Gamble.
Once signed up, businesses have two years to set science-based targets. These are then assessed against strict criteria by the initiative’s team of experts before they are approved.
Should you join the companies taking action and commit to science based targets?
How Envantage can help
Envantage can assist you throughout the process.
Our team of consultants have extensive experience with carbon abatement strategies, and an excellent track record with international carbon initiatives such as the Carbon Disclosure Project.
To find out more, speak with one of our consultants today. Call Envantage for free on 0800 054 2577 or email firstname.lastname@example.org.