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Article

17 Nov 2016

Author:
World Resources Institute Press Release

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

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.]