The companies, which are all part of the Science Based Targets initiative (SBTi), are calling for policies that will build resilience against future shocks by supporting efforts to hold global temperature rise to within 1.5-degreeC above pre-industrial levels, in line with reaching net-zero emissions well before 2050.
'Now, we need to invest in innovation, scale up the solutions we already have and work with our partners along the value chain towards climate-neutrality. To achieve that, we have set ourselves ambitious, science-based targets,' said
The business voices are convened by the Science Based Targets initiative and its Business Ambition for 1.5-degreeC campaign partners, the UN Global Compact and the We Mean Business coalition. The SBTi, which is a collaboration between CDP (formerly
The 155 companies have already set, or committed to set, science-based emissions reduction -
The joint statement comes as governments around the world are preparing stimulus packages to help economies recover from the impacts of the coronavirus pandemic, and as they prepare to submit enhanced national climate plans under the Paris Agreement.
'Governments have a critical role to play by aligning policies and recovery plans with the latest climate science, but they cannot drive a systemic socio-economic transformation alone. To address the interconnected crises we face, we must work together as an international community to deliver on the
Based on its long-term goals, the company derived specific emission reduction targets, which were approved by the Science Based Targets initiative as consistent with levels required to meet the goals of the Paris Agreement to limit global warming to 1.5-degreeC.
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